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Congress

Reuters | Equities.com |

The U.S. Senate on Thursday voted to extend the COVID-19 pandemic Paycheck Protection Program (PPP) until the end of May, giving small businesses more time to apply and the government more time to process requests.

The bill, passed on a vote of 92-7, has already been approved by the House of Representatives and now goes to Democratic President Joe Biden, who is expected to sign it into law.


Kimberly Redmond | Equities.com |

Longer delivery windows for first-class mail, postage rate increases and cuts to post office hours are among the changes Postmaster general Louis DeJoy announced as part of a 10-year plan for the United States Postal Service (USPS).

Released Tuesday, the 58-page plan, titled “Delivering for America,” seeks to improve overall mail service, modernize the agency and make it more competitive in order to ensure its long-term survival.


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WASHINGTON (Reuters) - Republicans who voted to impeach former President Donald Trump in the U.S. House of Representatives are warning Democrats not to set a “dangerous precedent” by challenging the certified results of a disputed House election in Iowa.

Republican Representative Mariannette Miller-Meeks defeated Democrat Rita Hart in Iowa’s 2nd Congressional District by only six votes out of nearly 400,000 cast. State election officials certified the results and Miller-Meeks was sworn into office in January.


Kimberly Redmond | Equities.com |

Tom Reed, a Republican who has represented western New York districts in the United States Congress since 2010, apologized Sunday and took “full responsibility” for sexual misconduct allegations made against him last week by a former lobbyist.

Reed also announced he would not run for any office in 2022, when his current term in Congress ends.


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U.S. lawmakers, professors and actor Daniel Dae Kim said the Asian-American community was reeling from a year of heightened anti-Asian attacks in a congressional hearing held just days after the killing of six Asian women in Georgia.

Thursday’s hearing, which was scheduled before the attack, aimed to examine a spike in hate crimes against Asian Americans, which rose by 149% in 2020 in 16 major cities compared with 2019, according to the Center for the Study of Hate and Extremism.


AP News | Equities.com |

The battle against bigness is building. Whether it’s beer, banks or book publishing, lawmakers are targeting major industries they say have become so concentrated that they’re hurting competition, consumers and the economy.

The economic dislocation of the pandemic has laid bare the struggles of small businesses unable to compete with corporate giants that have been able to capitalize on the new order. Experts and lawmakers are throwing out stunning stats:


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U.S. Rep. Ann Kirkpatrick, a five-term Arizona Democrat, announced Friday she won’t run for reelection in 2022.

“Serving Arizonans has been my absolute honor and joy, but after much consideration, I have decided not to seek re-election in 2022. I will continue the good fight through this Congress, and when the term is up, I will hand over the baton,” she said in a statement.


AP News | Equities.com |

A Congress riven along party lines approved a landmark $1.9 trillion COVID-19 relief bill Wednesday, as President Joe Biden and Democrats claimed a triumph on a bill that marshals the government’s spending might against twin pandemic and economic crises that have upended a nation.

The House gave final congressional approval to the sweeping package by a near party line 220-211 vote precisely seven weeks after Biden entered the White House and four days after the Senate passed the bill without a single Republican vote. GOP lawmakers opposed the package as bloated, crammed with liberal policies and heedless of signs the crises are easing.


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Several million people stand to save hundreds of dollars in health insurance costs, or more, under the Democratic coronavirus relief legislation on track to pass Congress.

Winners include those covered by “Obamacare” or just now signing up, self-employed people who buy their own insurance and don’t currently get federal help, laid-off workers struggling to retain employer coverage, and most anyone collecting unemployment. Also, potentially many more could benefit if about a dozen states accept a Medicaid deal in the legislation.


Reuters | Equities.com |

With plenty of practice sending coronavirus relief payments to Americans, the federal government should be able to launch the delivery of $1,400 checks almost immediately once Congress finalizes the new aid bill and President Joe Biden signs it, tax experts say.

Some Americans might see direct payments as soon as this week if the bill passes the House of Representatives on Tuesday as expected, compared with several weeks’ lag in April 2020. Nearly 160 million households are expected to get payments, the White House estimates.