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Business and Economic News

House poised to pass Biden's $1.9 trillion COVID-19 relief bill on Tuesday

House poised to pass Biden's $1.9 trillion COVID-19 relief bill on Tuesday

Speaker Nancy Pelosi is calling for bipartisan support for the upcoming House vote on the Senate-amended legislation. Such support is unlikely, as Republicans are fiercely opposed to the package.
by Barbara Sprunt

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Senate passes $1.9 trillion pandemic relief package

Senate passes $1.9 trillion pandemic relief package

An exhausted Senate narrowly approved a $1.9 trillion COVID-19 relief bill Saturday as President Joe Biden and his Democratic allies notched a victory they called crucial for hoisting the country out of the pandemic and economic doldrums.
by The Associated Press

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Study: On-premises dining linked to increased COVID-19 cases

Study: On-premises dining linked to increased COVID-19 cases

A study published Friday in the Morbidity and Mortality Weekly Report found that cases and deaths decreased after states enacted mask mandates and increased after they reopened on-premises dining.
by Rachel Treisman

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Senate resumes work on virus bill after jobless benefit deal

Senate resumes work on virus bill after jobless benefit deal

Senate leaders and moderate Democratic Sen. Joe Manchin have struck a deal over emergency jobless benefits, breaking a nine-hour logjam that had stalled the party’s showpiece $1.9 trillion COVID-19 relief bill. 
by The Associated Press

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By slimmest of margins, Senate takes up $1.9T COVID relief bill

By slimmest of margins, Senate takes up $1.9T COVID relief bill

Democrats have made eleventh-hour changes in the measure aimed at ensuring they can pull President Joe Biden’s top legislative priority through the precariously divided chamber. They hope for Senate approval of the package before next week.
by The Associated Press

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Powell: Higher inflation temporary, no rate hikes in sight

Powell: Higher inflation temporary, no rate hikes in sight

Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.
by The Associated Press

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Scotch whisky, English cheese prices could ease as U.S. halts tariffs

Scotch whisky, English cheese prices could ease as U.S. halts tariffs

Scotch whisky and other goods have been subject to a 25 percent tariff. The levies cost companies hundreds of millions of dollars in lost exports, according to the Scotch industry.
by Bill Chappell

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