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“#NYSE flipflops again on plan to delist Chinese telecom giants” The New York Stock Exchange is reversing course on its own course reversal and will delist three Chinese telecommunications companies after being pressured by outgoing Treasury Secretary Steven Mnuchin. After announcing on New Year’s Eve that it would honor President Trump’s executive order banning Americans…
“#Congress stuck, McConnell resists state aid in COVID-19 deal” WASHINGTON (AP) — An emerging $900 billion COVID-19 aid package from a bipartisan group of lawmakers has all but collapsed after Senate Majority Leader Mitch McConnell said Republican senators won’t support $160 billion in state and local funds as part of a potential trade-off in the…
“#White House proposes $600 COVID-19 checks” WASHINGTON — The Trump administration dove back into Capitol Hill’s confusing COVID-19 negotiations on Tuesday, offering a $916 billion package to House Speaker Nancy Pelosi that would send a $600 direct payment to most Americans — but eliminate a $300 per week employment benefit favored by a bipartisan group…
“#Federal Reserve fights Treasury move to end COVID-19 programs” The Trump administration plans to pull the plug on five loan programs that supported the economy during the coronavirus crisis — prompting a rare objection from the Federal Reserve. Treasury Secretary Steven Mnuchin said his department won’t renew the emergency programs — which shored up the…
“#Trump, Mnuchin pressure Pelosi for COVID-19 stimulus package” WASHINGTON — President Trump and Treasury Secretary Steven Mnuchin on Friday accused House Speaker Nancy Pelosi of hijacking COVID-19 economic relief by spurning their offers of urgently-needed stimulus. Speaking in the Oval Office — just 11 days from the presidential election — Mnuchin, the administration’s point person…
“#Markets nosedive after Trump calls off COVID-19 relief talks” Markets swooned in the last hour of trading on Tuesday after President Trump announced that he is halting talks on a next round of coronavirus aid until after the election. “I have instructed my representatives to stop negotiating until after the election when, immediately after I…