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LGN FEDERAL UPDATE: MAY 18
House Passes $3 Trillion Stimulus Bill
The House passed a $3 trillion Democratic economic stimulus bill on Friday that Senate leadership and President Trump have already rejected, making it less likely to trigger bipartisan negotiations in the immediate future. The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most […]
LGN FEDERAL UPDATE: MAY 11
Congress in Early Stages of Developing Fourth Relief Package
The Senate is back today with plans to continue considering President Trump’s nominations and legislation to reinstate some expired surveillance programs, but little formal talk of a fourth coronavirus relief package. After backing almost $3 trillion to offset the economic impact of the coronavirus, Senate Majority Leader Mitch […]
FEDERAL RESERVE ANNOUNCES MUNICIPAL LIQUIDITY FACILITY PROGRAM
On Thursday, April 9, the Federal Reserve took actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.
One of the actions that the Federal Reserve is taking is geared toward […]
LGN FEDERAL CORONAVIRUS UPDATE
Senate Approves Second Coronavirus Bill
Senators this afternoon voted 90-8 to approve the House’s second coronavirus bill, which provides for free virus testing, requires paid leave from companies with fewer than 500 employees, and bolsters unemployment and food assistance and gives states billions of dollars in aid. President Trump is expected to promptly sign the bill into law.
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LGN FEDERAL CORONAVIRUS UPDATE
Senate Looks to Approve Coronavirus Bill This Week
The Senate this week will consider an economic relief plan, backed by President Trump, to deal with the spreading coronavirus. The House-passed package includes free testing for everyone who needs it, and two weeks of paid sick leave to allow people with the virus to stay home from work and avoid […]