Category: #Politico
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Recovery bill allows the Fed to spend billions without keeping records
Tucked into the recent recovery bill was a provision granting the Federal Reserve the right to set up a $450 billion bailout plan without following…
Fed pulls out $2T lending bazooka to boost businesses, cities
The Federal Reserve on Thursday unveiled emergency programs that could dole out more than $2 trillion in loans to businesses of all sizes, as well…
Canada sheds more than 1M jobs in ‘absolutely massive’ coronavirus-driven decline
OTTAWA — Canada’s labor market lost more than a million jobs in March as the effects of the coronavirus walloped the economy, according to the…
Court backs Texas pandemic abortion ban, citing emergency powers
A federal appeals court on Tuesday affirmed Texas’ right to ban nearly all abortions during the coronavirus pandemic, in what it described as a “drastic…
NRA has laid off more than 60 employees
The National Rifle Association has laid off more than 60 employees in recent weeks, according to three people with knowledge of the matter. The move…
Grassley seeks explanation of Trump’s firing of Atkinson
Sen. Chuck Grassley is working on a bipartisan letter addressed to President Donald Trump demanding an explanation for the firing of Intelligence Community Inspector General…
Coronavirus clampdown: The virus casts a shroud over American civic life
SAN FRANCISCO — States and cities across the country are cutting off access to open records and canceling in-person meetings, starving the public — not…
Trump threatens World Health Organization funding
President Donald Trump on Tuesday threatened to slash federal funding for the World Health Organization, accusing the United Nations public health agency of being “very…
Britain’s ‘woke’ queen
LONDON — The queen only needed 525 words for her national address on the coronavirus pandemic. But her message to the U.K. could be summed up…
Angus King calls for Senate hearing into firing of intel watchdog
The Senate should hold a hearing on President Donald Trump’s decision to sack the intelligence community’s top watchdog, an Intelligence Committee member said on Monday….
Former Federal Reserve Chair Janet Yellen calls U.S. economic downturn a “devastating hit”
Former Federal Reserve Chair Janet Yellen on Monday called the coronavirus’ economic toll a “huge, unprecedented, devastating hit.” Yellen said the unemployment rate could already…
Spin Won’t Save Trump
A fear is spreading fast in liberal circles, sowing almost as much panic as the coronavirus: the prospect that President Donald Trump’s handling of the…
Does Bernie have a path to victory? Even top aides aren’t sure anymore.
Bernie Sanders insists he has a “narrow path” to the nomination. But he and his aides refuse to say what it is. A majority of…
‘It’s a sh– sandwich’: Republicans rage as Florida becomes a nightmare for Trump
TALLAHASSEE — The staggering unemployment exploding on President Donald Trump’s watch would worry any incumbent running for reelection, but troubles in Florida are injecting an…
U.S. military fears pandemic could lead to ISIS resurgence in Syria
The military is concerned that the Islamic State terrorist group could rebound amid an unfolding humanitarian crisis in northeastern Syria, as local officials sound the…
Banks warn of chaotic launch of small business lending program
Banks are warning that a $350 billion lending program for struggling small businesses won’t be ready when it launches Friday because the Trump administration has…
DNC postpones presidential convention until August 17
The Democratic National Committee is postponing the party’s presidential convention in Milwaukee to August 17, the week before the Republican Party’s convention, a Democratic official…
How Congress will keep an eye on $2 trillion in coronavirus money
When Congress doles out massive amounts of taxpayer money at breakneck speed, safeguards against abuse, waste and graft aren’t always airtight. So when Congress raced…
UN calls for global response to coronavirus pandemic
The United Nations on Tuesday called for the launch of a “large-scale, coordinated and comprehensive multilateral response” to the coronavirus pandemic, an ambitious proposal that…
Why America is scared and confused: Even the experts are getting it wrong
The CDC said Americans don’t need masks — but now they might. The agency said the virus spread through “droplets” from coughs and sneezes —…
How New York City will keep the lights on
ALBANY — The nation’s largest state utility has initiated talks with New York’s private generators to enter into a pact to keep critical power plants…
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