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Showing posts with the label business

House votes to speed stimulus passage

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  House votes to speed stimulus passage after Biden meets with Dems President Joe Biden met with Democrats on Wednesday because the House took its initiative toward passing his sprawling $1.9 trillion coronavirus relief package through Congress with none Republican help. The lower chamber approved a budget measure in the 218-212 vote, directing a dozen committees to start out drafting the pieces of Biden’s bill, including $1,400 stimulus checks, $350 billion in state and native aid and more controversial provisions, sort of a $15 wage hike. Biden told Democrats earlier on Wednesday that he’s hospitable refining key elements of his nearly $2 trillion proposal, while stressing the urgency of delivering a huge relief bill quickly to the pandemic-stricken nation. During a call with the House Democratic Caucus, Biden said he was willing to compromise on who is going to be eligible for subsequent round stimulus checks — but remained firm on the dimensions of the $1,400 payment, consisten...

'Made in America' products

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  Biden to sign executive orders to promote 'Made in America' products US President Joe Biden will sign a series of executive orders on Monday to promote "Made in America" products and strengthen supply chains, senior officials said, asserting that the new administration remains committed to working with partners and allies to modernise international trade rules. Prominent among the chief orders include a strict enforcement of procuring products made inside the country by federal agencies. This is often very significant as long as contracting alone accounts for nearly USD 600 billion in federal spending. Biden is taking action to reset the US government's longstanding approach to domestic preferences to make an approach which will remain durable for years to return and grow quality, union jobs, consistent with a senior administration official. It is long overdue that the United States government utilises the complete force of current domestic preferences to suppor...