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 “House Democrats Unveil Biden’s $1.9 Trillion Stimulus Bill” – below is their description.
With Donald Trump’s impeachment trial behind them, Democrats are quickly pivoting back to President Joe Biden’s priorities, particularly his $1.9 trillion stimulus plan and confirming the rest of his cabinet.
Lawmakers face a short turnaround to approve another round of stimulus payments, jobless compensation and funding for schools and vaccines before key benefits from the last round of pandemic aid expire on March 14. In less than four weeks, Democrats must pass a bill out of the House and get all 50 Senate Democrats to back the legislation.
That will likely require amending some provisions, such as the $15 federal minimum wage requirement, that at least two Democratic Senators — Kyrsten Sinema of Arizona and Joe Manchin of West Virginia — say they won’t support. Any changes made in the Senate would mean that the bill would have to go back to the House for another vote.
The eagerness of congressional Democrats to move past Trump was evident from start to end of the shortest Senate impeachment trial in history. The agreement on the trial format between Senate Majority Leader Chuck Schumer and GOP leader Mitch McConnell kept the proceedings compressed, and the four days of arguments ended ahead of schedule.
After Senators voted on Saturday to allow witnesses to testify — a surprise result that risked delaying the trial’s conclusion by several weeks — House impeachment managers and the former president’s defense team agreed to enter a public statement into the record. That let the chamber move on to a verdict that day, acquitting Trump.
Although Democrats expressed disappointment in the outcome, they said they are ready to put the former president behind them and focus on Biden’s priorities.
“We in Congress need to move forward with delivering the expanded unemployment checks, the stimulus checks, the reinvestment in our economy that the American people so desperately need and deserve,” Senator Chris Coons, a Delaware Democrat who is close to Biden, said Sunday on ABC’s “This Week” program.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Democrats
“Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.
It was founded on 8th January 1828 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Nancy Pelosi (Party leader) and Jaime Harrison (Party chair).
2 Recent Items: Democrats
In This Story: Donald Trump
Donald John Trump was the 45th 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: Minimum wage
Minimum wage is the concept, in some jurisdictions enshrined in law, that employees should earn a minimum amount per hour worked.
3 Recent Items: Minimum wage
In This Story: Mitch McConnell
Mitch McConnell is an American politician currently serving as Kentucky’s senior United States senator and as Senate majority leader.