Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (1213045)	3/25/2020 8:12:50 PM
From: sylvester80	1 Recommendation Recommended By pocotrader Respond to of 1587713

OOPS! Some Senate Republicans think the coronavirus unemployment provisions are too generous vox.com

To: locogringo who wrote (1213045)	3/25/2020 8:13:34 PM
From: sylvester80	Respond to of 1587713

OOPS! Republicans threaten to slow walk coronavirus stimulus bill over unemployment provision thehill.com

To: locogringo who wrote (1213045)	3/25/2020 8:15:47 PM
From: sylvester80	Respond to of 1587713

OOPS! SENATE REPUBLICANS AGAINST STIMULUS & HELPING AMERICAN WORKERS. Last-minute drama leaves Senate vote on $2 trillion coronavirus aid package uncertain usatoday.com Last-minute drama leaves Senate vote on $2 trillion package in the airLawmakers’ concerns about some provisions in a monumental emergency aid package to help Americans and businesses reeling due to the coronavirus has left a vote on the $2 trillion bill up in the air. A group of Republican senators, including South Carolina Sen. Lindsey Graham, held a news conference Wednesday afternoon to raise objections to the structure of the unemployment insurance provisions in the coronavirus stimulus bill. They argued the current language, with a $600 boost in unemployment benefits, could allow people to make more money with unemployment insurance than they would in their current job, and thus boost unemployment numbers nationally. A Republican Senate aide said the $600 figure was a compromise between getting the assistance out quickly and trying to make up the difference between average wages and average weekly unemployment benefits. Graham said he hoped the Senate would amend the provision to prevent people from making more money from unemployment benefits than they would in their current job. "I'd like to vote on that, I think, hopefully the body can come together,” he said. After the group balked about the provisions to reporters and asked for changes, which were the product of negotiations and something Democrats touted as one of their accomplishments in the bill, Sen. Bernie Sanders, I-Vt., threatened to hold up the bill and ask for strong measures on $500 billion being offered to help companies. He said he would drop his objections if Republicans did the same. “Unless these Republican Senators drop their objections, I am prepared to put a hold on this bill until stronger conditions are imposed on the $500 billion corporate welfare fund,” the presidential candidate said. “In my view, it would be an outrage to prevent working-class Americans to receive the emergency unemployment assistance included in this legislation.” The back-and-forth has left a planned vote on the package murky as final text on the bill — the largest emergency aid package in history — has yet to be released. Senate leaders have said they planned to vote today on the legislation. While Sanders’ threat appeared to be an attempt to halt further objections and get the bill quickly passed in the chamber, it does not appear to have worked. On Sean Hannity's radio show, Graham showed no signs of backing down and said “the reason I know I’m right is that Bernie Sanders has just threatened me.” During a Wednesday evening press briefing, President Trump urged Congress to quickly pass the stimulus bill and get it to his desk. "I will sign it immediately," he said. - Christal Hayes and Nicholas Wu