17 Burst results for "350 Billion"
"350 billion" Discussed on The Patriot AM 1150
"Taking aim at crime I'm Rich Dennison, Fox News President Biden today announcing actions he says, are designed to reduce crime across the country. Some of the plan that the White House has rolled out a zero tolerance policy for road gun dealers allowing at, for example, to aggressively revoke licenses for dealers, who they say are knowingly breaking the law and also calls for increased operations by the FBI, DEA and U. S Marshal Service. There's also a focus on the $350 billion that was sent to state Local governments as part of the American rescue plan, as the Treasury Department is now making clear as well. That funds can be spent on policing and other things like expanding employment services and summer education boxes. Blake Burman as the Biden administration works to stem the flow of migrants into the Southern U. S. Vice President Kamala Harris will make a border visit this week with Homeland Security Secretary Alejandro Mayorkas Republicans have been calling for Vice President Kamala Harris. The visit the border for months. So why is she going now? We didn't want to have anyone visited. A time where it be disruptive to efforts and progress being made on the ground. White House press secretary Jen Psaki pointed out. The administration's made progress moving on the company Children out of border stations into appropriate care in a timely fashion. The vice president will visit El Paso Friday. It's unclear she'll meet with Texas Republican Governor Greg Abbott boxes Rachel Sutherland at the White House as CDC panel today, saying the benefits outweigh the risks with a rare 300 cases of inflammation of the heart muscle or myocarditis, compared with 20 million people vaccinated so the numbers are low but higher than normal. Those affected usually young men or adolescence, usually right after the second shot and usually a full recovery within days, just a little bit of rest. Fox's Steve Harrigan, a mixed day on Wall Street, the Dow and S and P, closing in the red, the NASDAQ with modest gains for another record close. America is listening to Fox.
"350 billion" Discussed on AM 970 The Answer
"At least 11 people have been killed, four wounded in a school shooting in the Russian city of Kazon to gunman opened fire in the school. One of them a 17 year old has been apprehended. BBC correspondent Steve Rosenberg. Dramatic footage emerging mobile phone footage from eye witnesses who saw what was happening who sought security forces storming the building. And awful footage off school Children jumping from the windows trying to get safe jumping out of the school. Also other school Children climbing down ladders. To get away in California. One police officer shot and killed another wounded while serving a search warrant. The gunman later killed by other officers. Authorities say the shots fired his officers served the warrant at an apartment complex in San Luis Obispo. Also a town hall dunk, calm get back to work that is the urging from states to those who lost their jobs during the pandemic. Treasury Department is launching its $350 billion program to distribute a two state local governments. The White House argues it gives the economy a needed boost. Critics say it's a blue state bailout that rewards wasteful spending that is correspondent Ken Norman reporting FDA expanding use of visors Covert 19 vaccine to Children as young as 12. They say The shot is safe. In California Governor Gavin Newsom has expanded that drought emergency declaration to a large section of the state amid quote Acute water supply shortages in northern and central areas..
"350 billion" Discussed on KOMO
"Around 70 degrees and overnight lows in the forties. Chance of rain returns again on the weekend, but not much Bring in the way things are shaping up right now. It is 64 in downtown Seattle at 6 15. Stay connected. Stay informed. The Northwest's on Lee 24 hour News Station Co. Moh news 1000 FM 97 7 as we check top stories. I'm Rick fan sites. ELISA Jaffe with the day off, and our editor is Jeremy Greater. In the headlines. Georgia becoming the first state to repeal its civil War era citizen's arrest law. More than a year after the death of Almond Aubrey. Three men accused of killing our very last February and Brunswick invoked the law, arguing they thought he was a burglary suspect. The trio faces murder in federal hate crime charges now Washington State's Department of Health says preliminary data shows more people died of drug overdoses in 2020 than any other year and at least the last decade. Authorities tell The Seattle Times the effects of the Corona virus pandemic likely lead to the drug use, Serge I'm Jeff Pooja. Look, 60. Days after president buying signed the American rescue plan at $1.9 Trillion Covert relief package into law, his administration is rolling out $350 billion in funding to state, local and tribal governments. Joining us now is ABC Sandy Field from Washington, D. C. And what's this money going to be spent on? That money could be used to basically offset All the hurt they have from the downturn in taxes. A lot of states and local governments, including Seattle lost millions upon millions of dollars in tax revenues because people weren't spending money downtown during the pandemic, they weren't coming to Work. The office space wasn't being used in such and so they didn't have money to pay firefighters or teachers or first responders or for sewage and waste water treatment. What are all these things and this money could be used to help replace some of the lost public's of sector revenue. Essential workers can qualify for premium pay investors can made in water, sewer, broadband Internet all of these things. He's just some of the things you can use the money for, but they also have some restriction. You can't use that money to basically cut taxes. So if the state of Washington in Seattle gets this money, you can't say Okay, Guess what? We just got this big gift from Uncle Sam. We're going to cut your taxes. You can't pay down the death. If you have debt. You gotta figure out another way to pay it or put money in reserve And just say we're just gonna hang on to this for a rainy day, so there are some restrictions to it. But for the most part, this is really Trying to help city states and governments fix their balance sheets. After a really tough year. It really sounds like a stimulus package for local governments. I mean, we've seen this time and time again whenever the economy goes south The federal government launches this stimulus program in the Ask people to spend the money not to save it. It seems like the same things apply here. Exactly. They have suspended but you got to spend it on salaries, rehiring people paying the bills. They have all that type of expense that will basically help stimulate the economy there by putting people back to work by Making sure that contractors get paid all of those things that really tough for a local government when you don't have any tax revenue, or your tax revenues really been depleted because of the pandemic. So how much of this is going to the states versus local governments? Well, the big price tag is 350 billion. Now, I'm not quite sure how this is all a portion that every state local government, the Republicans. Have complained relentlessly that the money is that necessary. The economy's going back the state local government should be able to get their tax revenue back, be able to do this themselves. But in fact we've seen that it's the little uneven that there are some places that are indeed coming back. Airlines are roaring back to life because people want to travel again. But there are some places including the shipping industry, and people who go on cruise ships that have not come back because we saw what happened during the pandemic of the beginning where these things were kind of flow. In Petri dishes, and it was very difficult to contain an outbreak of virus on there. Some shipping operations in cruise lines are trying to figure out some way to say, Hey, make sure you're vaccine before you get on board. Then, of course, you have pushback from governments, including Florida, where the shipping industry is gigantic, saying You're not allowed to do that. So there's this kind of push and pull going back and forth, trying to restart the economy safely. And then you have primarily Republican governors were saying Don't put any restrictions. Just go back and hope for the best. That's ABC. Sandy Field, talking with Cuomo's Jeff Po Sheila. For more of the conversation, subscribe to the Coma politic asked. Available it co.
"350 billion" Discussed on WBAP 820AM
"This news brought to you by Mueller ink health and government agencies across North Texas or making preparations for the possibility of the Fizer covert vaccine to be administered for Children between the ages of 12 and 15. Stephen Love is president of the D FW How hospital counsel and says It's a great thing I think is many people is we can immunize his possible We'll get closer to herd immunity. So assuming the FDA in C D. C come to a consensus. Hopefully this week. We hope we can move forward says counties across the Metroplex have already allowed parents to register their Children, so once it is approved, it will be an easy process. President Joe Biden, pushing back on claims enhanced jobless benefits is keeping unemployment high. President Biden says There isn't much of an unceasing that enhanced unemployment benefits, sir, keeping people from looking for work. Still, he adds, the law is clear if you're receiving unemployment benefits. And you're offered a suitable job. You can't refuse that job and just keep getting the unemployment benefits. Concerns about enhanced unemployment have been raised in last week's jobs report showed slower than expected growth. President. Biden also says state local and tribal governments can apply for $350 billion being deployed to help public sector budget shortfalls on Capitol Hill. Jared Halpern Fox NEWS Texas business closing numbers on Wall Street, The Dow down 35 points NASDAQ Down 350 the SNP 500 off by 44 again the high Today 66 of his 60 degrees. The WB AP News Desk. I'm Eric Bushman your next update at four o'clock 24 7 coverage. WB ap dot com. Listen to W B A B in your home? Just ask your smart speaker and she'll gladly assist Alexa Open W B A P Wherever you want us whenever you want. Us Use talking 20. W b. A.
"350 billion" Discussed on WSB-AM
"About there's controversy right here in the state of George Major League Baseball has announced it's pulling the All Star game from Atlanta commissioners issued a statement saying Major League Baseball fundamentally support voting rights for all Americans and opposes restrictions to the ballot box. There have been states that have lost events because of policies and laws that were passed on Lee people. This is the smart business owners. Restaurants bars get the latest update during Atlanta's morning news and throughout the day on 95.5 WSB Hmm. In 21 of the cool by carrier WSB 24 hour Traffic center Travel Advisory continued with the overturned tractor trailer over on 25 North bound the inner loop that Camp Creek Parkway exit to two right lanes are closed, causing tough delays into college park. You can avoid it by using 85 trying to get your way over to that area. That was where little better news stone motorist 25 westbound. The outer Loop Chamblee Dunwoody Road exit. 30 has now cleared Still, You're watching brake lights. And you're all jammed up. Trying to get over into spaghetti junction is because of some police activity. Construction work. 25 eastbound, the inner loop. It's right at the end of the ramp to 85 north, down off to the right But man things really jammed up for you on 2 85 is you leaved Orville? I'm frantic around 95.5 speed. This is W speaking, you're anxious to acknowledge. Looking at how the weekend will start find my forecast Any time on the WSB radio ad Still with West Moss, I won't talk to you about your new podcast in just a 2nd 1st. I Can we disabused this notion that sound there? You being an economist, You know, we've had this What I think is a complete ridiculous $2 Trillion, so called rescue relief covert thing where you hit the ball? That was just last week. Yeah, almost almost. None of that money goes to what people thought that it went to On bats. Okay. And now this ridiculous $2 trillion infrastructure where almost none of the money actually goes to infrastructure as we understood. You know the definition changed. Is that what you know? Maybe they're right. Maybe they're wrong. But once again, it's America 2021. The public never gets an opportunity. Debate anything. Its infrastructure. Hey, while you were asleep, we changed the definition, okay? But we'll sell it is highways. We'll sell this other $2 trillion As Covad relief You put the two together $4 Trillion you might get. I don't know 350 billion that actually goes to the things that both bills say come about, but that aside Can we just get on the record here and let people know and disabuse this notion that we're still in a crisis? This economy has been growing since like last Don't know. May June, but the economy is not is no longer in freefall. I apologize to any politician who I'm harming. As far as re election goes, I'm telling the people the truth. That doesn't mean you're not having a hard time. If you're listening to me, I'm sure many people are what I'm saying is that in the aggregate This economy that we live in. The United States of America has not been going back Bert backward, but it has been slowly progressing forward for many months. Now it's been accelerating at at rocket speed, Locomotive speed, and I actually had a knee mail from a listener from you guy. One of your listeners emailed. Through my website, and she was just saying, Look, I know the economy is actually doing really, really well for pretty much everybody except for a few sector and seven industries and she was in cruise, and she said, you look and in fact, the CEO of one of the cruisers want CNBC this morning. Saying that the CDC still won't talk to them and say, Hey, here's what you need to do. So there are a couple pockets that air in the street and I say Identify and help those who still need help that the surgical approach is what we need in this blanket people elected and so when I want to get to here is if you're still throwing money at people when there isn't a crisis, can we agree? You're buying votes did it? That's all that's happening, right? You're buying votes. It's unabridged. Just here's cash Pictures elect Patriot years cash 80% of the $4 Trillion is tol them the amount of money this the amount of this money that's going to end up in the hands of unions of one kind or another. That helped by and get elected. That's called patronage. Now I throw it out there and leave it up to you, dear listener. You decide what you think. But gravity effects everything. Two plus two equals four. And about 80% of these $4. Trillion is for patronage. Now you do with it. What you like That is all this, But it won't be reported that way. I do. I just said I was gonna talk about his podcast. You don't have to. It's okay to be doing like.
"350 billion" Discussed on KUGN 590 AM
"That's so Jean Marc's My colleague. He's the small business columnist for the UK and US edition of The Guardian newspaper, as well as The Philadelphia Inquirer. And Gene in his day job also has something to do with taxes in accounting. Something like that. So he's the man to ask this hard question. Jean. What the heck is going on? We have states that are planning to attacks. The forgiven P p p loans. Did we know about this last March? Yeah, well, you know, that is sort of this. Uh, this secret killer of the P G T that we need to be aware of. There was a big concern John at the end of 2020 about being taxed on P P p loans from the federal government. People were concerned that if they got forgiveness for the loan would not be taxable or the expenses that they used to apply for forgiveness, where they would they be deductible and You know, the bottom line was by the end of the year in the December stimulus bill, that issue was resolved. It's nothing is taxable, fully deductible that forgettable expenses. If you're listening to this now, when you're applying for forgiveness, we repeat Peopie loan you will get you will have no tax impact of your pee Pee tee loan. If it got forgiveness on your 2020 or even 2021 taxes, depending on the year, you got it. That's good on a federal basis. Ah, but here's the thing about half of the states in this country and You can pretty much guess which ones they are, are not so willing to make these peopie loans so nontaxable some of the states you're saying that the forgiveness of the PBP loans that is income, and it's actually taxable at the state level other states you're saying that the expenses that you use for forgiveness Cannot be deductible for state tax purposes. Obviously, the state tax rates are less than you know the federal tax rates, but it's still attacks and it can be somewhat significant if you're a small business. So you better check with your accountant soon as possible and make sure that you're not subject to this because a lot of the state you're not bending. Um you know, they're they're crying poverty because of their budget deficits. Card lists of the 350 billion. That's likely coming their way in this stimulus program. So talk to your counting about that you might be in for a state tax bill, because if your people appeal on the Pro Act, it was passed by the House of Representatives in 2020 has now been reintroduced by the house in the House of Representatives by the Democratic majority. The short version of the proactive is that it's a nationalizing of 85, which is the California rules that make gig workers into employees who could be unionized is Is this something that small business will have to deal with? Team this proactive his passes. It's a big issue. Now, remember, it is likely to pass the house this year things Democrat controlled, It's gonna have quite a battle and quite unlikely that it will pass the Senate. But who knows? And if you're a business that uses independent contractors, it could have a enormous effect on your business. And let me explain. Why take my business. John. Okay, where financial and technology firm. I have some independent contractors that provides services for my clients. They work on projects, right, John? So I'll pay the contract to say $100 an hour and then I'll build a client's, You know, $150 an hour, so that's fine. They work on a you know, a few hours a week or whatever, and that's the way it is. If this proact gets passed, I would not be allowed to classify that independent contractor as an independent contractor. I would have to call them an employee of my company because that independent contractor is generating revenue for my business. Which means that I would have to pay payroll taxes would have to let this contract will be available for my employee benefits could offer them health insurance myself for them, but retirement plans. So we have a plus The other costs just you know, having them as an employee and adding them to payroll. So the 85 roll, which by the way, it excludes some of the uber and lift and some of those ride sharing companies because they had a special provision back in November that the voters Excluded them, and it is still intact a lot of businesses in California and if this proact would become a national law they would have, you know an enormous impact on a lot of small businesses all around the country. That use independent contractors to service their clients and customers on important issue, Gene, We just have a minute. Unemployed in New York, was fired at a restaurant because she refused to get vaccinated. Is that a trendy? Well, every small business needs to have a policy about vaccination, at least just to make their you know, to make their intentions clear. But, John, I have this issue. I don't understand why this is an issue. If you you know why your employers care if their employees get vaccinated or not? Realized some don't want them obviously getting sick and missing work and therefore, you know that cost the employer but as far as the health risk to the other employees, I mean, if you and I get vaccinated, that's great. If your producer Nick doesn't get vaccinated well, That's his issue. That's not yours and my issue, right? I mean, it's you know, that's that's what it is. Why does an employer even have to get involved? But there is an issue about it, and a lot of employers want to get involved. So if you're a small business you have to do with the big businesses with doing you at least have to have a policy about this and you could decide. Whether or not you requiring your employees to get a vaccination or not, but it should be written and communicated because it's initiative. People are talking about Jane Marks. He is a small business columnist for the UK and US edition of The Guardian newspaper, The Philadelphia Inquirer. Another distinguished publications. He's also Philadelphia Phillies fan who keeps calming me down about real Moto. We're looking forward to opening season opening US recovery boom times. Wine and roses. I'm John Bachelor. This is the John battles..
"350 billion" Discussed on WJR 760
"Never really agreed with the liberal point of view. And he is our ringer, Dr Lord. Well, good luck with that, And I should be more well informed about it. And Tim. Now that you let me know more about it, I'll focus on that. We've been at our attention kind of turned Washington way with this. Covert bill pending and you're right. You know this was the problem because they tie this whole thing and this giant spending bill where you had some more onerous things like this. This unvetted 350 billion for state and local governments, and by the way, the way haven't even talked about Chan and I did last week, but you may have missed it. There's five billion coming. To the state of Michigan. State tax revenues went up 0.3% 2020. Why we keep why? Why are they sending us rescue money? If we don't need to be rescued? The boat isn't even leaking. And yeah, they're they're sending the lifeboats s. Oh, you know, I can understand what w saying No, You can't vote against it. Well, you know what you should have done was demanded that this bill be split in half. Covert stimulus. That should have been one part the restaurant. The very targeted restaurant help should have been part of it. The money for testing the money for that Sean's should have been part of it and the rest you handle it. At another time. You handle it separately and a number of Republicans pitch that and, of course, was thrown out because they're in the minority. But that's what should have happened. And it didn't turn. You take care, and we'll follow what's happening down the Monroe County was gonna Mike and Clinton Township, Mike Good afternoon to you. All right. Um,.
"350 billion" Discussed on Bloomberg Radio New York
"And Paul Sweeney on Bloomberg Radio. Take me out and take a look at some of the benefits of that $1.9 million stimulus bill and the municipal bond market here to walk us through Bloomberg intelligence strategist Eric because that's key, first off Eric, how much money is going to be allocated to states and local governments through this bill? Hey, how you doing? So right off that we have 1.9 Children, as you mentioned is the total plan and hope that total 350 billion display Did you go to state, local governments and off the territories Just Puerto Rico Virgin Islands. Additionally, we have 170 billion slated for schools that divided out between K through 12 and then money set aside for colleges and universities and, lastly, 20 billion for public transit. The most, the largest on everyone's mind. New York N C, a probably set to receive the bulk of that money. Well, Eric, you know, there's a fascinating article in the terminal recently. That said, You know, the state's actually have done better than they initially thought. In terms of revenue. Such that this fiscal stimulus really will be stimulus for Ah, lot of states. What do you think they're gonna use the money for? You're probably too great point right and something that we've been tracking over the last year. Uh, for sure. I mean, revenues came in a lot better than everyone thought, and I think you and I have talked about this before that equal in May of last year, we thought the world was coming to an end. She to the extent that it didn't. We're all here. Revenues came in far better than we anticipated. But what a lot of people are missing when they talk about revenues is that there's a whole expenses to the ledger that is really still struggling. And a lot of that money that's coming into state level government is going to help sort of mitigate the downside. They're experiencing to try and battle you know, joblessness and also Cove in mitigation. So two very big expenditures that they weren't counting on last year and our budget season that still are playing them. So Which kind of states we're going to actually be netting more money here and which are going to be the states that are actually in need of extra cash. That makes sense. Yeah, I mean, we can't really say that. There's like winners and losers and all of this out of the 350 billion for state and local governments. There's 125 billion going to states is going to be divided evenly, like 1.5 billion per state, and then there's additional money. They're going to go to state that are disproportionately affected from unemployment standpoint. And those of the season. You would think that are heavily invested in the tourism, hospitality industries that are still struggling with high unemployment levels. So those in the states that really this money is going to go toward helping, Additionally, over states that are really not struggling from an unemployment sampling. So is this kind of a skirmish here. I mean, is it I can just imagine all this money floods into the mark place. How does it actually get allocated? If I'm is it up to the governors to say, you know, we have a bigger need than you do. Oh, man, They're so organized, You know, come on tree, right? Yeah. I mean, it's really demonstrate herbal, in the sense that you have to show what your unemployment numbers are, and you know, to the extent that this is all publicly reported information, you know, I don't think it's going to be a jump ball where people are jockeying for position. We can easily identify divided to the world. The Florida's of the world, you know, and also states that don't have income tax that air heavily dependent on sales taxes. Like Texas, Um you know who have sort of felt, you know another impact from the Covic issue, so No, I really think that while some may view it as sort of this windfall for state and local government, I feel like there really is a big societal need for where this money is going to end up going in Walla. How is this affected the actual money market? Not much look demeaning market has been benefited, you know, mostly by the back the weirs of Biden demand driven market and supplies and really, really low and demanded that really, really strong through this whole pandemic. We haven't had any credit hiccups. You know, we have had some spikes into false that they've really been on the non rated and junk rated areas. They're really not nine G s o demand has continued to sort of build in here, and people are worried about taxes increasing, so that's also spiking demand. Um, so to the extent that you were looking communities is sort of a risk off move on a safe place to park money that that's actually happening. To the extent that people are looking at the stimulus coming in, and sort of another net benefit of Brooke bolster credit, I think to some degree, but not this not the entire story. So, Eric in the corporate market, you know the last few weeks we've seen corporate issues. Russian as rates started moving higher, and we were trying to lock in some lower rates here. Have we seen issuance? Spiking all over the last several weeks in a minute municipal bond market. No. In fact, issuing your date is down, you know down comparing with expectations were coming into the beginning of the year and down on a year of your basis, And I think a lot of that had to do was sort of pick ups that we had early in your especially January, throwing some sort of political uncertainty into the mix, and then you had sort of higher rates to contend with. So really, the market hasn't found us all exploding sort of really ramp up issuance. That's a great point, right if I'm an issue, and I am genuinely concerned about higher rates, you know now that good a time as any to get into the market and sell those bonds. But I think another issue that's hanging out. There is really the sort of amorphous infrastructure plan and details or scan on timing is even more scan on that issue is a bee sort of holding out hope and thinking that they're going to get some federal matching dollars for some of these big capital expenditure projects. So as we kind of moved out of the recovery, and it's some extent like what areas actually do need the help I mean, the areas I think would be most in need are going to be the ones that are solely dependent or majority and it on people getting together in large spaces. Right so that convention center and hospitality senior living student housing You know those of the areas. They're the hardest hit, do this pandemic and are probably running on on the last bit of fumes. As far as cash reserves and get service reserve funds to sort of get them through the You know everybody's vaccinated point. So, Eric, you mentioned the credit qualities generally been pretty decent. You haven't seen Any big time blobs how we I'm thinking about, you know, Illinois and things like that, But they're I mean, they're only hasn't been something that really rocks the municipal bond market has there. There hasn't been. I apologize that we're not as exciting as the corporate bottom line, you know, weigh blow in studying the corporate bomber gets not that exciting When you crazy, They're just tightening spread tightening spreads. Right and selling more dead. Um, you know if this year didn't send Illinois into jumped at it, I honestly at this point don't know what will and that's really a true statement and the fact that it speaks to the resiliency of the market and the fact that he state governments of so many different levels that they're able to pull to one raise revenues and to cut expenditures and You know, it really did help that revenues came in better than expected..
"350 billion" Discussed on KDWN 720AM
"Payments to most taxpayers. The bill sends 350 billion to state and local governments and tribal governments for costs incurred up until the end of 2024. It also requires that small states get at least the amount they received under the virus legislation that Congress passed last March. The bill calls for about 130 billion in additional help to schools for students in kindergarten through 12th grade. So now Democrats look ahead to infrastructure, and the White House says Republicans could see the same result. The infrastructure is bipartisan, of course, but divisions exist between progressive Democrats and a coalition of moderates and Republicans. White House senior adviser Cedric Richmond, telling Bloomberg, the Biden administration could seek passage of an infrastructure package without Republican support. Look, e. I won't get into all of the thinking of the White House. I will just tell you this. I will quote my grandmother who used to always say where there's the will. There's a way and we have the will to make sure that we build back better that we invest in this country. Invest in American work Is that American infrastructure and all of those things because we know that the American rescue plan is not just enough. So it's going to stop us is gonna help the economy in the short term, But we are looking for down the road and fundamentally changing who wins in America. We want everybody to win and we don't want to leave anybody behind. So that's why it's called build back better because we have to build back. Better than what we had before. And I have no doubt that you and the president, the entire team have the will to get this done. But I guess what I'm saying is, you need at least 10 Republicans to have that same will. Do you see that possibility with a significant build back? Better plan. We certainly hope so. And we've been talking about it. We've invited them down, and at some point we hope that everybody will put country first. And so we know America's heart and we know America has needs. And we're going to step up to the plate and we're going to do it and we're not going to try to go solo. We would hope that Republicans would come along with us and independence. But to the extent that we are required to go solo, then we may have to do that. During the campaign, Biden.
"350 billion" Discussed on NewsRadio WIOD
"Sounds good. Thanks very much for talking next. Our king. Thank you. Well, The uh, 1.9 trained Covert Relief Act has passed and congressional Hill on a bit of a victory lap by Nancy Pelosi. Chuckie Schumer and the president will speak tonight. I'm sure we'll address that as well. What's in this bill? What is in this boat? And what's next for Congress? This deal with that, with Fuck Do Chiefs Chief Fox News Channel's chief correspondent, Mike Emanuel, You could follow. Intrigued by the way at Mike Emanuel Fox, the Marquis my good to talk to you again. Jimmy. Thanks so much for having me good morning to you. Yeah, thanks. Let's talk about what's in this bill. And what is it in this bill? We keep hearing that about 91% of it is not covert related. Is that true? Well, that's a great question. I mean, I think 9% or so is direct covert spending. But I think there's a lot of indirect covert spending, for example, $350 billion for state and local governments, and I think when Democrats would say is Some of that is because cities and states have paid a lot to deal with coded. There are Republicans who probably say it's a bailout for states that have been poorly run over the years. So there you have the difference of opinion. So I think Ah, lot of the spending is kind of indirect, for example, for mass transit systems that have been hit hard by people not taking mass transit to work any anymore these days. Um, the restaurant industry getting a lot of money Is that direct covert money? Um, it's it's a bailout for them, But, yeah, I think they're being bailed out because people aren't able to go to restaurants these days. Um, $86 billion bailing out pensions. I don't think that's directly related. Um you know, 350 billion to states and cities and a lot of the states there either flat or or up in revenue, and so they're going to be flush with cash will be interesting to see How they use that money. No. There is still something yesterday that claimed that part of this is If a state takes the money, they have to agree not to lower taxes. Is that correct? I've read similar things were asking about that as well. We want to double check. This bill is massive. It's you know, nearly 600 something pages and so we're still going through with a fine tooth comb. But I have heard similar and we're certainly asking about that. Yeah, let me they were upset about here in the state of Florida and led by our governor, Rhonda Santas. They're not attaching the money they're giving to stage two. You know, lack of revenue or population. They're attaching it to unemployment rates. Now we have Ah 5.1% unemployment rate here in this date, which is one of the best in the country. Kept things open. We did things the right way. Our rate of covert is not higher than most places, nor our rate of debts, etcetera, etcetera. Yet we're being penalized for that success. They discussing that in Washington on Capitol Hill. Sure that is a major source of frustration for Republicans on Capitol Hill. You know, you see a place like California that totally shut things down, getting $42.6 billion. New York getting $23.8 billion A bit of good news for Avenue, Andrew Cuomo, who is under fire these days on, so they do say that, you know, a lot of the states that were most aggressive and shutting down and restrictive are being paid off for this being rewarded by their allies on Capitol Hill, and so there is definite frustration. Meanwhile, a state like South Dakota with Governor Christie Gnome state very, very open and they're getting barely a drop in the bucket in comparison, and so, um, and obviously, Florida was very, very aggressive in terms of Of looking for opportunities to reopen and not being penalized. Right. What's thanks for Capitol Hill? Mike, this is the next element. I mean, it looks like the Democrats are saying, You know the Republicans when they had all three branches of government. They didn't put the pedal to the metal. We're going to do it right now. What's next? There's talk of a massive massive infrastructure project, and that's not going to be just building highways and bridges and that sort of thing. My understanding is it's gonna include some elements of the green New deal. Chuck Schumer's Under a whole lot of pressure with Congresswoman Alexandria, Casio Cortez looking over his shoulder. He's feeling the pressure to deliver for the progressive base, worried that If he does not that 2022. He's going to be primary by Congresswoman Alexander Acosta. Oh, Cortez, and so expect this infrastructure. Package to be massive, include all kinds of other elements to be another Christmas tree, basically, for the progressive left to try to make sure that the base is happy that with all three branches of government that they're delivering for the base And so, you know. Look, Does the country need an infrastructure project? Absolutely. There are a lot of crumbling infrastructure aspect throughout the country. Um, but you know, you could do it in a bipartisan fashion where you really kind of, hopefully sensibly did it. I think a lot of Republicans are worried that this is just going to be a total payoff to their base and, you know, progressive left and it could be, you know, trillions of dollars in Of course, are dead is going up up in a way. No kidding. Hey, Mike. It's always a pleasure. Thanks so much. Enjoy your work so much on Fox will talk to you soon. I hope Take care enough, Jimmy. Thanks. Have a great day. That's Fox News Channel's chief congressional correspondent. Mike Emanuel. Manny's here with looking with training man..
"350 billion" Discussed on KOMO
"Can gather with other vaccinated people indoors without wearing a mask or social distancing, according to long awaited guidance from the federal health officials today. The recommendations announced today, saying that vaccinated people can come together in the same way with people considered at low risk for severe disease, such as in the case of vaccinated grandparent's visiting healthy Children and grandchildren. Chicago's to Major league baseball teams will be allowed starting opening day to allow a limited number of fans in the stands. Mayor Lori Lightfoot says capacity for the Cubs at Wrigley Field on the White Sox had guaranteed rate field will be set at 20%. President Biden Skoda Relief package now heads back to the House after the passing the Senate this weekend, one day after passing the American rescue plan in the Senate, Democrats are celebrating what they call a victory for the entire country. Responsibly light. At the end of this long and dark tunnel. Some economists predict the impact of the legislation could lead to child poverty being cut in half. The injection of cash into the economy includes an increase of $300 a week and unemployment benefits. $1400 direct payments to Americans making up to $75,000 a year or 112501st single parents on 150,000 annually for couples 50 billion has been allocated to FEMA to bolster vaccine distribution and this time 350 billion set aside for state and local governments. One reason Democrats say Republican citizens As well as state and local GOP officials supported the bill, even though not a single Republican in Congress did West Virginia Democrat Joe Manchin holding up the vote for hours, winning some concessions in the form of cuts, insisting even though not a single Republican senator voted for the bill. GOP ideas were included. It was my More than what? Maybe they could have voted and supported. But they did have input. I can assure you how different take from Republicans who characterized the bill like this. This was a liberal wish list of liberal spending just basically..
"350 billion" Discussed on KNST AM 790
"More covert 19 relief passes the Senate with mixed reactions. I mean, Carrick Fox News. The almost $2 trillion bill passes 50 to 49 Democrats, four Republicans against Republican West Virginia Governor Jim Justice on CBS's Face the Nation When you tighten down things and everything, and you just try toe Skinny it down and just do X number of dollars. We have proven that we have missed the boat. What we need to do is we need to go big or don't go in my opinion. And so I'm pleased with with the fact that we're going big and we're going to absolutely try to really write ourselves and get our economy get back and going. Republican Senator Marsha Blackburn on Fox News Live is because only 9% 9% of this bill had anything to do with Cove it the other 91. Percent is money for the arts, humanities, transportation, abortion loan forgiveness for students loan forgiveness for socially disadvantaged farmers. Blackburn, specifically mentioning what she calls a $350 billion bailout of blue states having financial difficulties due to the pandemic. Bloody Sunday when civil rights pioneers protest Ng for voting rights were beaten by authorities crossing the Edmund Pettus Bridge in Selma, Alabama. Today. President Biden marking the 56th anniversary of the march, led by the late congressman John Lewis, the blood of John Lewis and so many other brave and righteous souls that was spilled in Selma. This Sunday and 1965 sanctified a noble struggle. When the country saw those images that night. America was forced to confront the denial of democracy. The fears urgency of justice, the president also signing an executive order to expand voting rights, make it easier to register and provide better election information. America's listening to Fox News The way he is calling you and you need to get something. Gotta find yourself a place whether unit up whether cookin something good to make a big cats in which a Roy Rogers we used big head. It's a youngling beer battered cod fish feli with cheese and tartar sauce on a Kaiser rules..
"350 billion" Discussed on KSFO-AM
"Even that we have missed the boat. What we need to do is we need to go big or don't go. In my opinion. Yes, I'm pleased with with the fact that we're going big and we're going to absolutely try to really write ourselves and get our Conway get back and going. Republican Senator Marsha Blackburn on Fox News Live is because only 9% 9% of this bill had anything to do with Cove it. The other 91% is money for the arts, humanities transportation. Abortion loan forgiveness for students alone forgiveness for socially disadvantaged farmers. Blackburn specifically mentioning what she calls a $350 billion bailout of blue states having financial difficulties due to the pandemic. Bloody Sunday when civil rights pioneers protest Ng for voting rights were beaten by authorities crossing the Edmund Pettus Bridge in Selma, Alabama. Today. President Biden marking the 56th anniversary of the march, led by the late congressman John Lewis, the blood of John Lewis and so many other brave and righteous souls that was spilled in Selma. This Sunday in 1965 sanctified a noble struggle. When the country saw those images that night, America was forced to confront the denial of democracy. The fears urgency of justice, the president also signing an executive order to expand voting rights, make it easier to register and provide better election information. America's listening to Fox News Taking a look at KSFO traffic will start with the East Shore Freeway, a crash for 80 westbound before university. Three cars involved. It's blocking the left lane. Traffic is backed up to Central Avenue for the Bay Bridge West family of the stall after Treasure Island. Blocking the right lane. Traffic is slow from the incline San Jose a stall on the right shoulder. Wanna one North bound before 8 80. A tow truck is responding to that scene. Redwood City South bound to 80 before edge would pick up on the right shoulder with smoke rolling from the engine. C H P. M away to sort that out. Handsome..
"350 billion" Discussed on KLBJ 590AM
"Farmers, Blackburn, specifically mentioning what she calls a $350 billion bailout of blue states having financial difficulties due to the pandemic. Bloody Sunday when civil rights pioneers protest Ng for voting rights were beaten by authorities crossing the Edmund Pettus Bridge in Selma, Alabama. Today. President Biden marking the 56th anniversary of the march, led by the late congressman John Lewis, the blood of John Lewis and so many other brave and righteous souls that was spilled in Selma. This Sunday and 1965 sanctified a noble struggle. When the country saw those images that night, America was forced to confront the denial of democracy, the fears urgency of justice, the president also signing an executive order to expand voting rights, make it easier to register and provide better election information. America's listening to Fox News. Thistles news, Radio K. L B J and now to act you weather with your k O b. J radar weather Watch I mostly sunny. Nice day ahead For today. The high 71 clear Low 41 for tonight. Borrow clouds increase throughout the night. I 73 after morning clouds. Sunshine is back on Tuesday will be a warm afternoon high 75 from the Weather Center. I meteorologists Bill Digger..
"350 billion" Discussed on WTOP
"Senate has passed the president's $1.9 trillion covert relief bill. CBS News Special Report the Senate just past President Biden's nearly $2 trillion covert 19 relief plan. The vote was 50 to 49 Senate Majority Leader took Schumer. We tell the American people Help is on the way. But Senate Minority Leader Mitch McConnell went after Democrats whole idea together from listening to them over the last few weeks, used the crisis. Jam through what the White House chief of staff called the most progressive domestic legislation in a generation. Little tougher they thought it was gonna be, and the debate went on for nearly 12 hours last night as lawmakers battled over changes to the massive packages unemployment benefits. The legislation will send out a new round of $1400 stimulus checks and 350 billion to help cash strapped cities and states. CBS News Special Report. I'm Allison Keyes, 12 43 Lawmakers in Annapolis are working on a sweeping package of legislation aimed at tackling climate change. It's the climate solutions now active. 2021 ambitious set of policies, all aimed at seeing the state of Maryland produced net zero greenhouse gas emissions statewide by the year 2045. Senate President Bill Ferguson called it a slow burning existential crisis for the state. It is something that Maryland needs to be a leader on and I think we're starting T O move in that direction. With this piece of legislation, millions would be spent to replace state vehicles with electric cars. Money would also be spent to help make school buildings become more energy efficient. Ferguson expects intense debate on this next week. John Doman w T. O P News sports just ahead the Nationals and another spring training game today against the Marlins. A lot more on that. 12 40. Okay, parachutes. Ready,.
"350 billion" Discussed on KCRW
"I'm kind reasonable. It is Thursday. Today the 18th of February. Good is always to have you here, Everybody. So, look, here's the thing about covering this economy. You've got to do it. Slice by slice. There is just too much going on to handle everything all at once. So here with some slices from today, no particular order. Slice one. You might have heard there was a hearing on Capitol Hill today. Virtually, of course, about the whole game. Stop a brouhaha of a couple of weeks ago. It's early days yet to say what is gonna happen more regulations or what? Don't know. So I'll just note here that Gamestop shares Closed down another 11% day $40 a share off a high of 483 a pop when things were more Well, shall we say speculative sliced number two Immigration. The U. S. Citizenship Act of 2021 was introduced today in Congress. President Biden's try at an overhaul. There's a lot in their updates to family based immigration and work visa programs. Lots of worker protections. Also a path to citizenship for unauthorized immigrants. And that is our slumps. Sub slice today what it means. Have something like 11, million people living and working in this economy without access to citizenship. And what might happen if that changes marketplaces. Kimberly Adams gets us going. The new legislation would create an earned road map to citizenship for some unauthorized immigrants living and working in the country. Already people who are likely making a lot less than their peers. Rodrigo Dominguez Vegas is director of research at the Latino Policy and Politics Initiative at U. C L. A There is a 35% income gap between documented undocumented immigrants. So we refer to this as the undocumented wage penalty. That wage penalty, he says, doesn't just lead to hardship for individuals. It also translates into reduce spending and economic activity overall, and these immigrants are often subject to more labor exploitation than other workers. So if they complain about working conditions or stolen wages, they're very vulnerable to being retaliated against not just losing their job. But often employers threaten to call ice. Rebecca Dixon is executive director of the National Employment Law Project. It brings down the whole economy and impacts labor standards for all of us. Those pushing this bill argue, bringing these workers fully into the legal workforce will boost wages and give immigrants access to more government services like unemployment benefits and social security. Stella Rouse runs the Center for Democracy and Civic engagement at the University of Maryland. Many of them are already paid in taxes. And they are not reaping the benefits of the taxes that they pay in terms of social services services that many more people find themselves needing in the pandemic, where the economic fall out has landed, particularly hard in many immigrant communities. In Washington. I'm Kimberly Adams for Marketplace Slice Number three. I think it is the $1.9 Trillion relief package. The White House and congressional Democrats are working on It includes $350 billion in direct aid to state, local and tribal governments to help them offset losses in tax revenue and some other expenses because the pandemic That's a lot, But is it too much? Is it not enough? Is it just right marketplaces? Mitchell Harmon went looking for some answers. Some state governments like California's are actually doing pretty well. Meanwhile, states heavily dependent on tourism or energy think Hawaii, Florida, Texas are deep in the hole. Lucy dot Ayaan at the Urban Brookings Tax Policy Center estimates. State government revenues are down 1.8% overall during the pandemic. It's not as bad as it falls in the great recession. It's not as bad as it was fear, Toby, but it's still terrible, in part because 1.3 million state and local government workers have been laid off as a result. Narayan thinks 350 billion in federal aid is enough to get governments back on their feet. And some of those people rehired Michael Strain at the conservative American Enterprise Institute thinks less money is needed. There is a strong argument for doing more than nothing. I think 350 billion is too much strain argues the amount should be based on the actual revenue governments of lost, which he estimates at about 130 billion under that formula. Some states may not get any money, but some of the states that have really been hit by the pandemic. That's where I think you want the federal government to step in and help federal aid should be narrowly targeted, says Jared Wall, Zack it the Tax foundation. For instance, to refill state unemployment trust funds to make sure they can keep making those payments without too much further debt and also keep the taxes on employers lower because in some states, they're going to skyrocket. He says. Those unemployment taxes could rise. 7 to 10 fold later this year without a federal bailout..
"350 billion" Discussed on News Radio 920 AM
"American Companies are unaffiliated. Representatives of securities America do not offer legal or tax advice. So I think it was a year and a half or two years ago when Tesla came out with this with this executive compensation plan that was Kind of far fetched. It is out there. It was a huge level of compensation, but I looked at it. Most people looked at it and said, OK, well, yeah, you could get paid, You know hundreds of millions of dollars, but In order to hit those goals. You know, this stock would need Teo really do something like we have almost never seen from a stock before letting behold, we're hitting a lot of those benchmarks now, and the board of Tesla's is starting to realize that Oh, boy, these are pretty significant payment might have been off more than they can chew. And we just talked about with the restoration hardware CEO. How they're incentivized. Dylan. Must those incentive seems so lofty at the time that they were put into place. As you mentioned you thought it was pie in the sky that no. One You would never hit it. But here we are with his word. They're ridiculous Valuation of I believe around 350 billion market cap for for Tesla, and the issue that they're going to run into here is that one of the reasons that pulled Tesla's down over the last week is that it was not included in the S and P 500 with some of those 20% today. Exactly. That was Tuesday. I believe on and one of the issues why they were not included in the S and P 500 was their profitability. P folks were saying that if they could show Probability on a consistent basis that that would give more credence to the idea that they should be included in the S and P 500. The issue that you have here with you alone must And these stock options is that they could have Tesla's as a company, extreme amount of expenses Quarterly to pay off his incentives that he's hit. There was 800 million that he was Granted in stock. Just the first crunch Exactly trying one of 12 tranches for 800 million. You could be looking at a billion dollars in the quarterly expenses just to pay this man out. It's insane. I mean, It isn't saying it's an incredible level of compensation. It's a level of compensation we have rarely seen from CEOs. On the other hand. He's done it. I mean, can you point it is there ever been a more compelling case for a CEO being responsible for the climate of stock as Elon Musk with Tessa? Maybe Steve Jobs Steve John, maybe is a big and even then, I don't know if it's yes, it was before, but not to this extent where it's climbs so significant in such a short period, But it largely tied to Berkshire half of those air the Titans think of for the most part, but there's no question about it. He I'm you know, I've been a record as saying. I think the stock's overvalued. There's a lot of flaws with it. But you can't numbers don't lie in this case with the valuations that said, Yeah, it's it's It's funny to think about The more the stock climbs, potentially, the less likely it is to be entered into the S and P 500. They are currently the largest U. S based company in history. To not be included in the index. I think they are at this stage, maybe the sixth or seventh largest company in the United States. There, they're over. Ah, Visa and Wal Mart. I believe in terms of market cap that's just off the top of my head. So pretty incredible. Another unfortunate theme of the pandemic. This year has been what we saw on Amazon eBay plenty of other platforms during the huge this pandemic price gouging. It was disgusting to see the prices that people were selling hand sanitizer and face masks for we had the case the individual arrested in New York City for price gouging a hospital of $100 case of Clorox Wipe. We've seen it all, and we've heard the stories and Amazon came out pretty early on this and said, you know, We need laws banning price gouging. They kicked off some 4000 vendors off of their platform. Lo and behold, the consumer rights nonprofit Public Citizen has taken a look at Amazon and said that 15 of Amazon zone essential products, not third party cellars. Their own products saw markups ranging from 76% to as much as 1000% in comparison to those previously listed Amazon prices so Ah! Well, see, you know, we'll see where this goes. We'll see if this attacks and it attracts any attention here. And Amazon has, of course, denied the fax and saying that it's not a fair study. But I have no doubt that this I don't I don't. I do doubt that Amazon intentionally did this, But my bet is that they have algorithms built into their systems determine how to price their products, and it does not account for something like a pandemic her and while they punished a bunch of third party salad for doing the same thing. They They acted here and so the whole bunch of products at what is undoubtedly pandemic price gouging and shame on them and shame on us, Frankly, if shame on United States and our elected officials for not doing a better job of regulating this company. Yeah, I was surprised to read this article because to your point initially, when the pandemic hit, it seemed as if I know this actually happened. Amazon came out with extremely hard stance, saying that they were not going to stand for people on their platform. The third parties marking up these goods, too. Reprocess. It's that we're just unfair to the situation that we were in. So to see them now affiliated are associated with this kind of price markup is unfortunate. It is just a quick break. We come back Paul Lamonica from CNN business, Joining us to talk about Pel Aton, the company that I was completely wrong on. Stay tuned right here to financial exchange. Corona virus continues to have a tight grip on Wall Street, with the major averages.