Tag: Legislative Branch

Senior House Democrat says using filibuster to stop minimum-wage hike is akin to using it to block civil rights

The third-ranking House Democrat, Rep. Jim Clyburn, tore into Republicans for opposing a minimum-wage boost, saying their threatened used of the filibuster in the Senate...

$1.9 trillion coronavirus aid package set to clear House late tonight

House Democrats hope to clear President Joe Biden’s $1.9 trillion economic package late Friday and send it on to the Senate, where it will face...

Trump’s second impeachment trial: How to watch it

Former President Donald Trump faces a second impeachment trial in the Senate this week, after the House last month voted to approve a charge of...

Cannabis stocks rally after Chuck Schumer leads drive for reforms that may end federal prohibition

Cannabis stocks were mostly higher Tuesday after three Democratic senators led by Majority Leader Chuck Schumer said they would make reform legislation a key priority...

Yellen says raising minimum wage to $15 would have ‘minimal’ impact on jobs, but nonpartisan Congressional Budget Office disagrees

Raising the minimum wage to $15 an hour from $7.25 would help the U.S. economy more than it would harm it, Janet Yellen, President Joe...

Mitt Romney likely to have Republican company in a second vote to impeach Trump

In President Donald Trump’s impeachment trial early last year, Sen. Mitt Romney was the lone Republican vote in favor of conviction. That seems unlikely to...

10 Biden tax plans that will sail through a Democratic-controlled Senate — and how to prepare for them

With the New Year here and a Democratic-controlled Senate looking increasingly likely after the runoff Senate elections in Georgia, President-elect Joe Biden’s tax plans are...

Financial sector set for best day in 2 months as Georgia results spark bond-yield pop

Bank stocks were breaking out on Wednesday, led by a rise in rates that was rippling throughout financial markets. But the move in benchmark government...

Dow rises, but tech stocks slip as ‘reflation trade’ grips Wall Street after Democrats flip Senate seat

U.S. stocks mostly shook off early losses to trade higher Wednesday, though technology sector stocks remained lower, after Democrats scored at least one U.S. Senate...

Stock-market futures slip, bond yields pop near 1% amid razor-thin Georgia races

Wall Street had Georgia squarely on its mind Tuesday night, with equity futures and bonds mostly in the crosshairs as investors eyed dual contests for...

Dow futures edge lower after stocks see first decline to start a year since 2016

The main U.S. stock benchmarks on Tuesday were pointing lower after equities registered their first losses to open a new year since 2016 on Monday,...

Pence to make eleventh-hour ‘faith community’ appeal on behalf of Georgia Republicans Loeffler and Perdue

President Donald Trump, President-elect Joe Biden, Vice President–elect Kamala Harris and now Trump’s vice president, Mike Pence, are headed to Georgia next week to try...

Here’s why the Georgia runoff elections for the U.S. Senate could turn into a ‘big deal’ for markets

The runoff elections for two U.S. Senate seats in Georgia next Tuesday have the potential to inject volatility into a high-flying stock market that has...

Out-of-equilibrium economy will keep the Fed ‘hostage’ to stock market, strategist argues

It’s the time of year to look back over the last 12 months, but one strategist reached back to the 19th century to describe what’s...

McConnell threat to tie bigger stimulus checks to other issues leaves Senate gridlocked

The Senate adjourned Tuesday without taking any action on a House bill to increase the size of the new stimulus payments, as Majority Leader Mitch...

Biden on using executive action to cancel $50,000 in student debt: ‘I think that’s pretty questionable’

President-elect Joe Biden said he is “unlikely” to use his authority to unilaterally cancel $50,000 in student debt for individual borrowers, weighing in on a...

Republican Senate incumbent Loeffler falls behind Democrat Warnock in latest Georgia runoff polling

The final day of early voting in the runoff elections for two U.S. Senate seats in Georgia is fast approaching, and incumbent Republican David Perdue...

The new stimulus bill didn’t extend the student-loan payment pause — but it has 8 provisions that will affect how families pay for college

Whether borrowers will resume paying their student loans on February 1 will likely be up to President-elect Joe Biden, after Congress left any pause on...

Trump airs election grievances in 100-minute address at largely maskless rally in Georgia

President Donald Trump pressed his grievances over losing the presidential election Saturday, using a rally to spread baseless allegations of misconduct in last month’s voting...

Pelosi, Schumer endorse bipartisan fiscal stimulus plan in bid to get talks going

House Majority Leader Steny Hoyer, center, and Majority Whip James Clyburn, second from left, head for a news conference at the U.S. Capitol on Nov....

Georgia Republican reportedly flipped shares of anti-malware company dozens of times while serving on Senate’s cybersecurity subcommittee

David Perdue. Getty Images With control of the U.S. Senate hanging in the balance ahead of the Jan. 5 runoff elections in Georgia, Republican incumbent...

What does Joe Biden’s win mean for your year-end tax planning? Here are two strategies to consider

With year-end rapidly approaching and the general election finally over, it’s time to consider moves that will lower your 2020 tax bill and hopefully position...

From student-loan forgiveness to targeting for-profit colleges, the Biden administration will aim to reverse many of Betsy DeVos’s education policies

When Betsy DeVos was confirmed as Secretary of Education nearly four years ago, Vice President Mike Pence broke a tie in the Senate, making her...

Joe Biden wants a $15 minimum wage — here’s what’s standing in his way

Florida, a state which President-elect Joe Biden did not win, voted in favor of achieving one of his campaign promises to raise its state minimum...

Joe Biden has big plans to help protect gig workers — but will he be able to enact them?

Gig workers are in for some changes under the Biden administration. For starters, President-elect Joe Biden promised on his campaign website to “ensure workers in...