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Added on the 01/12/2020 11:01:04 - Copyright : Wochit
The homes of both US House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell have been vandalized. CNN reports the incidents took place after the Senate stalled Friday on increasing stimulus checks to $2,000 for millions of Americans. Pelosi and McConnell are the two highest-ranking members of Congress. After McConnell's Louisville home was marked with graffiti early Saturday morning, the Kentucky Republican denounced the incident as a "radical tantrum." CNN reports police say an unidentified suspect or suspects vandalized one of Pelosi's homes in San Francisco. The person or persons painted graffiti on the garage door and left a pig's head on the sidewalk.
McConnell backed Treasury's Mnuchin in his extraordinary clash with the Federal Reserve. Both want Congress to reallocate unspent stimulus funds to support small businesses. "American workers should not lose their jobs needlessly when a second round of the job-saving Paycheck Protection Program for the hardest-hit small businesses would make a huge difference." Senate Majority Leader Mitch McConnell issued a statement on Friday afternoon. His supporting Treasury Secretary Steven Mnuchin's call is not surprising. The call is for Congress to repurpose unspent stimulus money, reports Business Insider. It also backs the Trump administration in its extraordinary clash against the Federal Reserve.
Fed Chair Jay Powell warned on Tuesday that the US economy would suffer if another stimulus package isn't passed, which remains stalled in Congress. House Democrats passed a $2.2 trillion stimulus plan earlier this month, but Sen. Majority Leader Mitch McConnell (R-Ky.) called the amount 'outlandish.' Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses. Jay Powell Chair, US Federal Reserve But according to Business Insider, White House economic advisor Larry Kudlow said Sunday that he doesn't agree with that assessment. We are in a strong rebound. Businesses are reopening. We are learning to deal with the virus in a targeted, safe, prevented way. White House Economic Adviser Larry Kudlow Interview, CNN's 'State of the Union'
The second round of stimulus checks from the US government are going out this week. Business Insider reports the checks will pay up to $600 each, or $1,200 per married couple, plus additional funds for children. According to Congress's bill authorizing the payments, most of the direct cash payments will be sent to qualifying Americans by January 15. To track your payment, visit the 'Get My Payment' section of the IRS website at www.irs.gov/coronavirus/get-my-payment Direct deposits and paper checks are arriving this week.
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