stimulus

President Trump on Tuesday announced a $19 billion coronavirus food assistance program to support farmers and ranchers and “maintain the health of the food supply chain” in the United States amid the coronavirus crisis. “The farmers and ranchers are incredible people,” Trump said during comments at the Whtie House. “I’m proud to stand right by …

Senate Armed Services Committee member Tom Cotton, R-Ark., joined “Hannity” Tuesday to discuss his proposed legislation that would prevent the federal government from sending taxpayer-funded stimulus dollars to states or cities that issue payments to people in the U.S. illegally. “We shouldn’t be spending hard-earned taxpayer dollars on illegal immigrants at a time when 35 million Americans are out …

The new bill includes another round of stimulus checks for all Americans, funds additional coronavirus testing, and spends billions to bail out states and government agencies straining under pension debt. Another stimulus bill could be on its way through Congress by the end of the week, as House Democrats on Tuesday announced plans for $3 …

Government stimulus is not a solution because it does not and cannot expand the economy. The stimulus checks are out, and it seems that more are on their way. Every time there is a recession or even an economic slowdown, there always seems to be a cry from the political class that, “We need to …

In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the US administration’s deficit spending policy by issuing new money. This not only increases “excess reserves” in the …

It started with “one-time” stimulus checks. Now some politicians are proposing $2,000 for everyone until the crisis passes. “A one-time, twelve-hundred-dollar check isn’t going to cut it,” says Rep. Ro Khanna (D-Calif). “Americans need sustained cash infusions for the duration of this crisis.” Khanna, along with Rep. Tim Ryan (D-Ohio), is co-sponsor of the Emergency Money for …

The Trump administration on Tuesday barred college students who are residing in the country illegally from accessing billions of dollars in emergency federal aid related to the coronavirus pandemic. Tens of thousands of colleges students without legal residency status will not be permitted to receive any of the $6 billion allocated for colleges to distribute …

Senate Majority Leader Mitch McConnell (R., Ky.) on Tuesday signaled his opposition to passing another coronavirus economic relief bill before Congress returns from recess. “You’ve seen the talk from both sides about acting, but my goal from the beginning of this, given the extraordinary numbers that we’re racking up to the national debt, is that …

The White House is requesting an additional $251 billion for additional small business lending as part of the government’s coronavirus response, eliciting a counter from congressional Democrats asking for $125 billion in targeted aid for farmers, women, minorities, and veteran-owned businesses. “I’ll be asking Congress to provide an additional $250 billion for the paycheck protection, …

Today’s initial unemployment insurance claim figures show a massive 9.9 million people have enrolled onto the program in just two weeks (6 percent of the civilian labor force). Faced with obvious mounting economic pain, politicians will be under pressure to go further in delivering economic support. Worryingly, they appear to be losing sight of the …