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 “Stimulus Update: Senator Joe Manchin Pushes to Lower Unemployment Benefits” – below is their description.
President Joe Biden urged Democrats Tuesday to quickly resolve lingering disputes over his $1.9 trillion stimulus plan, with moderates including Senator Joe Manchin pushing to lower unemployment benefits and progressives already upset by the jettisoning of a $15 minimum wage.
Biden joined a virtual lunchtime meeting with Senate Democrats hosted by Majority Leader Chuck Schumer, and emphasized the need to put aside differences and pass the bill quickly — with recognition that the special budget process they are using can’t accomplish every goal, according to lawmakers on the call.
“He wants us to stay focused on getting it done, and that we all have to understand that reconciliation has its limits,” said Maryland Democrat Ben Cardin.
Schumer is hoping to bring the mammoth spending package to the floor of his chamber for debate as soon as Wednesday, and pass it this week. A failure would be a huge blow for Democrats and the Biden administration.
“We’ll have the votes we need to pass this bill,” Schumer confidently predicted after the Biden call.Bloomberg Quicktake: Now YouTube Channel
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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).
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Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.
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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.