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House expected to pass $1.9 trillion COVID-19 relief package Friday

House expected to pass $1.9 trillion COVID-19 relief package Friday

Business
Feb. 26 (UPI) -- The House is expected to pass President Joe Biden's $ 1.9 trillion coronavirus stimulus package on Friday, hours after the Senate parliamentarian ruled that a $ 15-per-hour national minimum wage can't be included. While House Speaker Nancy Pelosi said the minimum wage provision will remain in the House bill, the Senate ruling Thursday essentially ends the possibility that it will be included in the final version. Advertisement Biden has called the package the American Rescue Plan and several Democratic lawmakers have said the minimum wage hike is a key part of the bill. Because Democrats have used a process called budget reconciliation to pass the legislation, there are limits for what can be included. On Thursday, Senate parliamentarian Elizabeth MacDonough ruled that th...
Covid-19: UK coronavirus deaths pass 70,000

Covid-19: UK coronavirus deaths pass 70,000

Health
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Congress needs to pass more stimulus relief, says TIAA CEO Roger Ferguson

Finance
Roger Ferguson sees a bright light ahead for investors, but only at the end of a dark tunnel.Ferguson, 69, is president and chief executive officer of TIAA. He is the former vice chairman of the Board of Governors of the U.S. Federal Reserve System. He also represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees. He recently announced that he intends to retire in March 2021 from TIAA after 12 years with the financial firm.The Biden administration is now reportedly considering him for a top economic position.One of the most well-known Black executives in the financial industry, Ferguson has been talking of late about how capitalism in the U.S. needs to be more inclusive and the dangers of Congress failing to produce another ...
Covid: Michigan and Washington State clamp down as US cases pass 11 million mark

Covid: Michigan and Washington State clamp down as US cases pass 11 million mark

World
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Covid-19: Global coronavirus cases pass 50 million

Covid-19: Global coronavirus cases pass 50 million

Health
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