GOP blocks Democrats’ bid for $2K payments Trump demanded

House Republicans blocked Democrats’ attempt to meet President Donald Trump’s demand to pay most Americans $2,000 to help weather the coronavirus pandemic.

House Republicans blocked Democrats’ attempt to meet President Donald Trump’s demand to pay most Americans $2,000 to help weather the coronavirus pandemic.

Republicans objected to the bill House Majority Leader Steny Hoyer sought to pass by unanimous consent Thursday to replace the $600 payments in the latest pandemic relief legislation with the $2,000 payments.

CORONAVIRUS IMPACT: ADDITIONAL COVERAGE
An airline passenger wears a protective face mask, manufactured by 3M Co., while passing through Ben Gurion International airport in Tel Aviv, Israel, on Tuesday, March 10, 2020. Israel expanded its 14-day quarantine policy to include arrivals from all countries, ramping up its efforts to beat back the spread of the coronavirus. Photographer: Kobi Wolf/Bloomberg
Ranica Arrowsmith
March 11, 2020 11:46 AM

Anything that heightens fear and anxiety is a boon to online scammers, which is what makes the current coronavirus pandemic prime time for cybercriminals to try and trick people into giving their money away to the wrong people.

3 Min Read

Executive Director, National Association of Municipal Advisors

M&A wrap: PepsiCo, Rockstar, Coronavirus, Riverside, Gladstone, Marlin Equity, Merrill, Paul Hastings
March 11, 2020 11:12 AM

Investors fear the coronavirus may end the bear market. We check in with dealmakers from Riverside, Merrill Corp. and Paul Hastings about the potential impact on mid-market M&A. In deal news, Pepsi buys Rockstar to expand energy drink line.

6 Min Read

“House and Senate Democrats have repeatedly fought for bigger checks for the American people, which House and Senate Republicans have repeatedly rejected — first, during our negotiations when they said that they would not go above $600 and now, with this act of callousness on the Floor,” House Speaker Nancy Pelosi said in a statement Thursday.

Democrats will try again with a roll call vote on a new bill Dec. 28, when the House also plans a vote to override Trump’s veto on the National Defense Authorization Act. Since current government spending runs out that day — and funds for the rest of the fiscal year are included in the virus relief bill Trump criticized and hasn’t signed -- the House could also pass another stopgap measure to avert a partial government shutdown.

capitol-runner.jpg
A runner stands near the U.S. Capitol in Washington.
Oliver Contreras/Bloomberg

Republicans on Thursday tried to seek unanimous consent on a measure to examine taxpayer money spent on foreign aid, but Democrats blocked that move. In his complaint Tuesday about Congress’s combined virus aid and government spending bill, Trump criticized federal resources spent on international programs, even though that spending was allocated as part of the bipartisan appropriations process.