Connect with us

Hi, what are you looking for?

Business

Congress mulling new $55B restaurant COVID aid package

Congress is mulling a new $55 billion aid package for restaurants and other industries battered by the coronavirus pandemic. Restaurants are slated to receive $42 billion which is intended to backfill the 2021 Restaurant Relief Fund. That aid ran out before 2/3 of restaurants that applied could receive cash, according to Roll Call. The House Rules Committee is scheduled to meet Tuesday to go over the bill and Democratic leaders in the chamber are currently seeing how much enthusiasm there is for the idea among members. “We under-appropriated to begin with,” Rep Dean Phillips (D-Minnesota) told the outlet. “So this is about a make-good and not picking winners and losers. And that notion is picking up some steam, recognizing this is not a prospective COVID relief bill. This is a retrospective make-good.” The new spending would come during a midterm election year as the country races record inflation.




You May Also Like

Business

Activist investor Starboard Value has purchased a 6.5% stake in web services firm GoDaddy worth about $800 million, according to a regulatory filing with...

Business

Contact The Author Female employees at CNN are furious that chief spokesperson Allison Gollust is keeping her job after lying about her affair with...

Business

North Korean hackers managed to steal a fortune in cryptocurrency in 2021, according to the results of a recent study. Cybercriminals based in North...

Business

Katie Couric dished on Jeff Zucker and Allison Gollust’s relationship in her tell-all memoir last fall, saying it struck staffers as “super strange” when...

Business Tribune