Speaker Nancy Pelosi said the House Democrats will pass the ‘Families First Coronavirus Response Act’ on Friday, though she did not mention support from Republicans or the White House.
The aid package secures paid sick leave, free testing, and strengthens food security initiatives, but the future of the bill remains unclear as House Republicans await a signal from the president. Pelosi added that the bill will also strengthen unemployment insurance. This bill is meant to expand upon the $8.3 billion dollar coronavirus package already signed by President Trump.
Pelosi, who delivered her remarks from the rarely-used speakers balcony, said the three most important parts of the bill are “testing, testing, testing” providing free tests to everyone including the uninsured and noted the legislation is “focused directly on providing support for America’s families, who must be our first priority.”
"Sadly, and prayerfully, we have learned of the tragic death of at least 41 Americans from this public health emergency so far," Pelosi said. "The American people expect and deserve a coordinated, science-based, and whole-of-government response to keep them and their loved ones safe."
Pelosi and Treasury Secretary Steven Mnuchin have been negotiating on the deal for days, and the Speaker’s office has been publicly tracking the calls between them to show the evolution of the negotiations.
President Trump, slated to speak Friday afternoon, could deliver a statement that will either signal to the GOP bipartisan support for the measure or leave the bill to face the hurdle of a Republican-controlled Senate.
Updated March 17 to clarify that $8.3 billion price tag refers to the initial coronavirus relief bill, not the ‘Families First Coronavirus Response Act.’
A new bill in Congress shows just how bipartisan cannabis really is. Rep. David Joyce, a Republican from Ohio, teamed up with progressive Rep. Alexandria Ocasio-Cortez on a cannabis expungement bill. Cheddar cannabis reporter Chloe Aiello spoke with the congressman about the legislation.
The Congressional Progressive Caucus have lined up to support the Thirty-Two Hour Workweek Act introduced by Rep. Mark Takano (D-Calif. 41st District). The representative joined Cheddar to discuss how instituting a four-day workweek in the United States can be beneficial for both employees with the need of a work-life balance and employers looking both to retain talent amid a labor shortage and improve efficiency in their workforces. "We live in a different time than 90 years ago when we established a 40-hour workweek," he said. "We've had a lot of technological changes, the American worker is exponentially more productive than previous generations, so it's time to reexamine Americans and the way in which they relate to work."
Instagram CEO Adam Mosseri faced a bipartisan Congressional grilling this week as the Senate inquired about safety practices for protecting the mental wellbeing of young people on the platform. Sen. Marsha Blackburn (R-Tenn.) joined Cheddar to talk about the hearing and how she was disappointed in Instagram coming unprepared with relevant information or documents. Blackburn also offered concern that the platform could continue with building a kids-only version despite having drawn significant opposition from the public.
The Great Resignation has shown some signs of slowing in October with the number of those who quit their jobs falling by 4.7 percent to 4.16 million. This comes as worker strikes and calls for unionization ramp up. Jane Oates, president at WorkingNation joined Cheddar's "Opening Bell" to discuss the implications.
U.S. markets opened lower despite positive jobs data, which saw weekly claims drop to a 52-year low. Kevin Nicholson, Co-CIO Global Fixed Income, RiverFront Investment Group joined Cheddar's Opening Bell to discuss the labor market, inflation, and the impact of the Omicron variant on global markets.
A packed Thursday pod: Carlo and Baker cover the latest developments in the Ghislaine Maxwell, Jussie Smollett and Elizabeth Holmes trials. Plus, Dems are losing the Hispanic vote, Boris Johnson in trouble again, and is it possible that Adele has peaked?
Jim Bruderman, Vice Chairman at 1879 Advisors, joins Cheddar News' Closing Bell, where he says investors experienced a 'panic attack' last week with the spread of the Omicron variant and the Fed's tapering plans. As a result, he says we're now seeing stocks climb due to a growing comfort level toward both developments.
Adam Mosseri, head of Instagram, faced withering questions on Capitol Hill about the reports the social media app was aware of the severe mental health impacts it was having on teenage girls. Karen Kornbluh, the director of digital innovation and democracy for the German Marshall Fund, joined Cheddar to discuss the rare show of bipartisan outrage on display at the Senate hearing. "The senators came really loaded for bear on both sides of the aisle," she said. Kornbluh explained how senators like Richard Blumenthal (D-Conn.) set up fake Instagram accounts with teen girl profiles in order to research the effects firsthand.
