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Nancy Pelosi

Nancy Pelosi

Airlines will be restricted from stock buybacks, issuing dividends, and outlandish salaries for executives under the new House bailout proposal (DAL, UAL, AAL, LUV, JBLU)

Airlines will be prohibited from buying back stock or issuing dividends under the bailout package the House plans to propose.The draft of the bill provides $58 billion for the aviation industry, including $37 billion in worker payroll grants — effectively protecting jobs — and $21 billion in loans.Past stock buybacks…
bubmag
March 23, 2020
Nancy Pelosi

Senators push to allow remote Senate votes during emergencies

Congress — Congressional leaders have resisted calls to allow remote voting. Timothy B. Lee - Mar 19, 2020 8:10 pm UTC Enlarge / Senate Majority Leader Mitch McConnell (R-KY).Win McNamee/Getty ImagesTwo senior senators—Republican Rob Portman of Ohio and Democrat Dick Durbin of Illinois—are introducing legislation to allow Senate votes to…
bubmag
March 19, 2020
Nancy Pelosi

Why Congress isn’t working remotely due to COVID-19

As COVID-19 forces much of America to work from home, the United States Congress — whose 535 members have an average age of 60 — is still operating from Capitol Hill. Why this population (deemed high-risk to the coronavirus) isn’t yet doing legislative business remotely comes down to process, tech…
bubmag
March 18, 2020
Nancy Pelosi

Trump, Democrats reach deal on coronavirus aid

WASHINGTON (Reuters) - The U.S. House of Representatives overwhelmingly passed a coronavirus aid package early on Saturday that would provide free testing and paid sick leave, in a bid to limit the economic damage from a pandemic that has shuttered schools, sports arenas and offices. By a bipartisan vote of…
bubmag
March 14, 2020