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WASHINGTON, D.C. – A group of bipartisan lawmakers unveiled two emergency relief bills Monday that they hope will help struggling Americans get through the COVID-19 pandemic.The same group of senators and representatives introduced a 8 billion bill earlier this month, but they couldn’t secure enough support. So, they broke the bill up into two with the hopes of passing something as the coronavirus continues to ravage the country.One bill is called the Bipartisan COVID-19 Emergency Relief Act of 2020. It would provide as much as 8 billion in relief to American students, families, businesses, workers, and health care providers.That measure would include additional funding for the Paycheck Protection Program, schools, unemployment insurance, vaccine distribution, coronavirus testing, and contact tracing.The other bill is called the Bipartisan State and Local Support and Small Business Protection Act of 2020. It would provide 0 billion in funding for state and local governments, as well as liability protections. Both of those issues have been sticking points in relief negotiations.During a press conference introducing the legislation, Sen. Joe Manchin (D-WV) said the bills are a compromise that will carry the American people through April 1, 2021, “to ensure our healthcare crisis doesn’t become an economic catastrophe.”Sen. Susan Collins (R-ME) said she hopes leadership on both sides of the aisle use the group's legislation as a basis for a COVID-19 relief package.Negotiations are still ongoing between Democratic and Republican leadership, but both parties have said they hope to come to an agreement to provide aid the country before they leave Washington D.C. for the holidays.Watch the group lawmakers discuss the relief bills below: 1775
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell has told fellow Republicans that he's warned the White House not to divide Republicans by sealing a lopsided pre-election COVID-19 relief deal with House Speaker Nancy Pelosi — even as he publicly says he'd slate any such agreement for a vote. McConnell made his remarks during a private lunch with fellow Republicans on Tuesday, three people familiar with his remarks said, requesting anonymity because the session was private. The Kentucky Republican appears worried that an agreement between Pelosi and Treasury Secretary Steven Mnuchin would drive a wedge between Republicans. Pelosi and Mnuchin have arrived at a critical phase of their talks if any relief is going to be enacted by Election Day.Pelosi spokesman Drew Hammill said on Twitter that “both sides are serious about finding a compromise" after Pelosi and Mnuchin spoke for about 45 minutes on Tuesday."Today’s deadline enabled the Speaker and Secretary to see that decisions could be reached and language could be exchanged, demonstrating that both sides are serious about finding a compromise," Hammill said in a tweet.According to CNBC, Pelosi and Mnuchin plan to speak again on Wednesday."On several open questions, the Speaker and the Secretary called for the committee chairs to work to resolve differences about funding levels and language," Hammill added on Twitter. "With this guidance, the two principals will continue their discussions tomorrow afternoon upon the Secretary's return." 1525
WASHINGTON, D.C. — Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.Maryland Democrat Ben Cardin pushed for the extension of the Paycheck Protection Program hours before a deadline for applying for the program, which was created in March and has been modified twice.The measure is not a done deal though. It must also pass the house and be signed by President Donald Trump.If approved by Trump and the House, the new deadline for businesses to apply for PPP loans would be pushed back to Aug. 8.The proposed extension is an unexpected development that comes as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses.The pressure swayed Republicans controlling the Senate, who have delayed consideration of a fifth coronavirus relief bill and are preparing to go home for a two-week recess.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there was still more than 0 billion left in the pot.As to why that is, the Small Business and Entrepreneurship Council says there's a few reasons, like concerns over how much would actually be forgiven, constantly changing rules, and strict limits to how the money can be used.“Not all businesses are the same. So, you know you've got businesses with high overhead, maybe few on payroll,” said Karen Kerrigan, President and CEO of the SBE Council. “This program really didn't align with their needs.” 1534
WAUKESHA -- A train struck and killed a pedestrian and their dog Monday morning in Waukesha, Wisconsin.Waukesha Police Captain Dan Baumann told Scripps station WTMJ in Milwaukee that the train hit a pedestrian and a dog around 6:40 a.m. near Barstow and Carroll.The train ended up stopping at Broadway Street in Waukesha for roughly two hours -- which blocked eight streets in the downtown Waukesha area during the morning commute.Police are still at the scene investigating and have not released any other information. 558
WASHINGTON (AP) — The U.S. Supreme Court has preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.The justices said by an 8-1 vote Monday that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement.Last year, the SEC obtained .2 billion in repayment of profits from people who have been found to violate securities law.Justice Sonia Sotomayor wrote for the court that the award must be limited to no more than “a wrongdoer’s net profits."Justice Clarence Thomas dissented. 581