House

$2 Trillion Coronavirus Package Has Built-In Accountability Steps

8 days ago   |   By NPR

The House votes Friday on the $2 trillion coronavirus economic relief package. The bill creates an accountability committee to conduct investigations and audits of where the funds are being used.
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House Aims To Send $2 Trillion Rescue Package To President To Stem Coronavirus Crisis

House Aims To Send $2 Trillion Rescue Package To President To Stem Coronavirus Crisis

9 days ago   |   By NPR

Under the shadow of new, strict social distancing rules, House lawmakers will take up the $2 trillion plan on Friday. The president is expected to sign the historic measure into law. (Image credit: Alex Edelman/AFP via Getty Images)
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Gig Workers Would Get Unemployment Safety Net In Rescue Package

Gig Workers Would Get Unemployment Safety Net In Rescue Package

9 days ago   |   By NPR

Uber drivers, Airbnb hosts and other gig workers who have lost their livelihoods because of the coronavirus pandemic would get some relief under the proposed new $2 trillion federal rescue package.
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House Aims To Send $2 Trillion Rescue Package To President To Stem Coronavirus Crisis

House Aims To Send $2 Trillion Rescue Package To President To Stem Coronavirus Crisis

9 days ago   |   By NPR

Under the shadow of new, strict social distancing rules, House lawmakers will take up the $2 trillion plan on Friday. The president is expected to sign the historic measure into law. (Image credit: Alex Edelman/AFP via Getty Images)
Read more ...

 

Gig Workers Would Get Unemployment Safety Net In Rescue Package

Gig Workers Would Get Unemployment Safety Net In Rescue Package

9 days ago   |   By NPR

Uber drivers, Airbnb hosts and other gig workers who have lost their livelihoods because of the coronavirus pandemic would get some relief under the proposed new $2 trillion federal rescue package.
Read more ...

 

Senate Republicans slipped a tax break for wealthy real estate investors into the $2 trillion coronavirus stimulus package

Senate Republicans slipped a tax break for wealthy real estate investors into the $2 trillion coronavirus stimulus package

9 days ago   |   By Business Insider

The measure is "a potential bonanza" for wealthy investors, The New York Times reported, saving them $170 billion over 10 years.
It temporarily lifts the cap on the tax deduction for real estate depreciation, a boon to the top 1% of taxpayers.
"It's a pretty big deal," Peter Buell, of the accounting firm Marcum, told The Times.
Visit Business Insider's homepage for more stories .
A provision slipped into the $2 trillion coronavirus stimulus package by Senate Republicans enables wealthy real estate investors to reduce their tax burden, The New York Times reported Thursday.
Designed to...
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‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding...

‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding ‘illegal OPEC cartel' save US oil jobs

Calling on Russia and Saudi Arabia to urgently resolve the global oil output glut crisis, President Donald Trump said he will do whatever it takes (apparently except for... Read more ...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence it's effective or safe to prevent or treat coronavirus

President Donald Trump said Saturday he "may take" hydroxychloroquine, apparently to prevent the coronavirus, though there is no evidence the drug is safe or effective for that... Read more ...

I flew on one of the few remaining flights during the coronavirus pandemic...

I flew on one of the few remaining flights during the coronavirus pandemic, and it was unlike anything I'd ever seen

Domestic air travel has come to a near standstill amid the coronavirus outbreak sweeping across the United States. But there are still a handful of of flights available for... Read more ...

Saudi Arabia uses low oil prices to force US to cut shale production, but...

Saudi Arabia uses low oil prices to force US to cut shale production, but damage to all countries may prompt talks

A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may... Read more ...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to hit in the 'seven-day' range as cases skyrocket

New York Gov. Cuomo said he expects the peak of coronavirus cases in the state in the "seven-day" range, though he said the state isn't yet prepared for the pressure on the... Read more ...

Australians have been advised not to wear face masks if they aren't infected...

Australians have been advised not to wear face masks if they aren't infected by COVID-19

Australia's deputy chief medical officer Paul Kelly told Australians that they shouldn't wear face masks. That's partially due to the short supply of face masks in the health... Read more ...

Here's why the depleted cruise line industry will be one of the biggest...

Here's why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program

The $2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses. But the cruise line industry will be left out since the... Read more ...

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

Subscribe to Fortune' s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. As one of the most in-demand cosmetic... Read more ...

A week in the life of a night nurse treating coronavirus patients in New...

A week in the life of a night nurse treating coronavirus patients in New York City's top hospital, where she says space is running out for patients and nurse staffing is starting to run thin

One New York City nurse shared her experience treating patients positive for COVID-19, some in critical condition. New York state had over 100,000 coronavirus cases as of April... Read more ...

These 7 charts show how brutal the March jobs report was, and signal further...

These 7 charts show how brutal the March jobs report was, and signal further economic pain ahead

The March jobs report surprised economists as it showed that the US economy lost 701,000 jobs last month compared to the 100,000 expected . The report also didn't include the... Read more ...