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For millions of Americans, the economic fallout of the coronavirus pandemic could be starting to take shape. Late last week, a 0 per week unemployment supplement expired. Also funding from the Paycheck Protection Program has long been depleted. The program was implemented to help employers make payroll during the pandemic.In addition, data released last week indicated the US GDP declined by one-third in the second quarter of 2020.While Congressional Democrats, Senate Republicans and the White House are largely in agreement on the need for a stimulus, agreeing to a framework remains in question. The two sides are at odds over how much of unemployment should be supplemented by the federal government. There is also a debate on offering businesses liability protection from coronavirus-related lawsuits.“Today we have an emergency,” Pelosi said. “A building is on fire and they're deciding how much water they want to have in the bucket. This is very important. Millions of people could've fallen into poverty without the 600 dollars. They're so fussy about any anecdotal information they might have about somebody not going to work because they make six hundred dollars on this, but so cavalier about big money going to companies that shouldn't really be having it."Treasury Secretary Steven Mnuchin met with Congressional leaders on Saturday."There's clearly a subset of issues where we both agree on very much,” Mnuchin said. “We're very interested in extending un-enhanced unemployment insurance, we're very interested in schools, we're very interested in jobs. I think as you know, as the Leader (Mitch) McConnell has said, liability insurance is very important to us. So there's definitely the PPP, there's a lot of bipartisan support." 1759

Former Democratic National Committee interim chair Donna Brazile, in newly released excerpts of her forthcoming book, alleges that an unethical agreement was signed between Hillary Clinton's 2016 presidential campaign and the DNC to keep the party financially afloat.Bernie Sanders' 2016 campaign also signed its own joint fundraising agreement with the DNC.In excerpts from "Hacks: The Inside Story of the Break-ins and Breakdowns that Put Donald Trump in the White House,"?published in Politico, Brazile writes the DNC was rigged in Clinton's favor because her campaign was largely financing the party early on in the presidential election.Brazile's comments rip a scab off a wound that plagued the Democratic Party during last year's primary and charge the Clinton campaign with impropriety.The Democratic strategist said the agreement "was not illegal, but it sure looked unethical." 900

Four days after a massive earthquake?killed at least 347 people on the Indonesian island of Lombok, a 5.9 magnitude tremor hit the island, sending frightened residents onto the streets.Thursday's seismic event follows a 6.9 magnitude quake Sunday that flattened homes and stranded thousands of people on Lombok's northern coast and the nearby Gili Islands.The northern part of Lombok is more residential and less developed than the resort-filled south. Thursday's quake could be felt on Bali, another popular resort island in Indonesia.Endri Susanto, who runs a nongovernmental organization assisting with relief efforts, said the earthquake felt very strong in Mataram, a city on Lombok's west coast. 714

For most of the pandemic, people have enjoyed record low interest rates, making way for a boom in mortgage refinancing. But experts say the upcoming election could have a major impact on whether those rates stay low."I think for a lot of reasons there will be even more volatility. You have the backdrop of the pandemic, you have quite a rivalry," said Josh Stech, Co-founder and CEO of Sundae, a company that helps people with homes in bad condition get their properties sold. Stech says the pandemic has created even more of a wedge between the two parties and interest rates will be impacted."I would say that we’re cautiously optimistic that we’ll see a strong 2021 regardless of who wins but there’s always that looming uncertainty of who wins and also what policies that follow that, that could impact unemployment, that could impact tax rates, that could just change consumer behavior again," said Stech.Matthew Garcia, a Senior Loan Officer with Supreme Lending, says historically, interest rates waver before an upcoming presidential election. "Last election in 2016, rates were in the lower threes. Literally, two to three days later rates went into the fours. That’s how violent and how rapid interest rates can move. A lot of folks', mistakes people make is they think the government makes interest rates. They don't. Interest rates for mortgages are controlled by bond market activity," said Garcia. Specifically, Garcia says, treasury bonds and mortgage-backed securities."Now, at some point, depending on what the next president decides to do, if that affects monetary policy by the Fed(eral Reserve) and the Fed has already come out and said we don't plan on changing anything but the president has the ability to influence that. If they make a decision that could ultimately affect what the Fed’s decision on monetary policy is, we would see a rapid increase in interest rates according with that," said Garcia.Another potential big influence on interest rates? "If COVID-19 is cured, you’re going to see rates spike overnight. Or any kind of change in economic policy or even, too, the economy itself being affected by COVID has the potential to drive interest rates a lot higher. So, there’s definitely on the horizon two major components, the election and COVID cure that are going to affect interest rates going forward," said Garcia.Garcia says it's best to take advantage of interest rates while they're low. Experts recommend speaking to a loan officer or financial advisor before taking out a loan. 2531

FLORIDA — Police say former Buffalo Bills and Miami Dolphins player Richie Incognito was involved in a disturbance at a Lifetime Gym in Boca Raton, Florida on Wednesday morning.Police said Incognito was involuntarily committed under Florida's Baker Act. The act allows officials to apprehend and order a mental evaluation of a person.Incognito reportedly threw a dumbbell at a man at the gym and that's why police were called, according to TMZ.com.Incognito played for the Buffalo last season. In the buildup to the draft, he took a restructured contract with the Bills, publicly fired his agent on Twitter after that deal was signed, and retired shortly after that. The Bills officially added him to the reserve/retired list on April 12.Once Organized Team Activities started around the league, Incognito -- according to ESPN -- wanted to make a return to the NFL, despite retiring from the league and team just one month prior. The Bills granted his reported wish, releasing him off the reserve/retired list on Monday.The move officially made Incognito an unrestricted free agent, able to be signed by any other team. Incognito played in Buffalo for three seasons.An NFL investigation found that when Incognito was with the Dolphins in 2013, he and two others engaged in persistent harassment directed at teammate Jonathan Martin.Earlier this year Martin was?charged with threatening?Incognito and former Dolphin Mike Pouncey as a result of a?post on his Instagram page showing a shotgun and ammo. 1547

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