About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Covid-19 Stimulus Relief Package May Prevent Recession, Economists Say” – below is their description.
Congress passed the second-biggest economic rescue package in U.S. history as part of a massive year-end spending bill, concluding months of discord between Democrats and Republicans over how to address the pandemic that continues to surge across the country.
In addition to funding government operations for the rest of the fiscal year, the legislation will provide aid for small businesses, supplemental unemployment benefits and $600 stimulus payments to most Americans and their children starting as soon as next week. It also includes money for schools, airlines and for distribution of vaccines.
The Senate followed the House late Monday in passing by overwhelming margins the $2.3 trillion bill, just hours after lawmakers got their first look at the 5,593 pages of text. The White House has said President Donald Trump will sign it.
Economists say the aid should be enough to avert a double-dip recession next year, though risks remain and both parties expect to be wrangling over additional relief measures after President-elect Joe Biden takes office on Jan. 20. Many of the aid provisions, such as the extended jobless benefits, will expire in the first quarter of next year.
Biden said his administration plans to do more.
“I applaud this relief package, but our work is far from over,” Biden said on Twitter. “Starting in the new year, Congress will need to immediately get to work on support for our COVID-19 plan.”Bloomberg Quicktake: Now YouTube Channel
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Donald Trump
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
5 Recent Items: Donald Trump
In This Story: Joe Biden
Joe Biden is an American politician who served as the 47th vice president of the United States from 2009 to 2017. A member of the Democratic Party, he served as a United States Senator for Delaware from 1973 to 2009.
Biden is the Democratic presidential nominee for the 2020 election, running against the incumbent, Donald Trump.
On August 11, 2020, Biden announced U.S. Senator Kamala Harris as his running mate in the 2020 presidential election.