News Updates: Pelosi Rejects White House’s $1.8 Trillion Covid Relief Package

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Speaker of the House Nancy Pelosi.


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Here’s what you need to know about the impact of Covid-19, Hurricane

Delta,

and more ahead of the coming trading week.

House Speaker Nancy Pelosi on Saturday rejected the White House’s latest $1.8 trillion coronavirus relief package, saying in a letter to colleagues that a key concern was “the absence of any response on a strategic plan

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News Updates: Pelosi Rejects White House’s $1.8 Billion Covid Relief Package

Text size

Speaker of the House Nancy Pelosi.


Getty Images

Here’s what you need to know about the impact of Covid-19, Hurricane Delta, and more ahead of the coming trading week.

House Speaker Nancy Pelosi on Saturday rejected the White House’s latest $1.8 trillion coronavirus relief package, saying in a letter to colleagues that a key concern was “the absence of any response on a strategic plan to

Read More

Pelosi says no standalone airline aid without broader relief package

Days after President Donald Trump abruptly halted negotiations over a new COVID-19 aid package, only to change course and suggest he would support several smaller standalone measures, the likelihood of an individual aid program for airline workers has hit a new snag.

House Speaker Nancy Pelosi (D-CA) said on Thursday that she would not support a standalone bill for airline aid unless it accompanied a larger support package.

Airlines last

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New EU Travel Plan Could Bring Clarity, Relief for Airlines

(Bloomberg) —

The European Union’s battered aviation industry may soon get some relief from the confusingly wide range of travel curbs across the continent, as the bloc’s governments seek agreement on a common threshold for imposing restrictions.

Under a proposal circulated by the German government, which holds the EU’s rotating presidency, restriction-free travel will be allowed between regions with fewer than 25 new coronavirus cases per 100,000 people for the

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Trump Ends Covid-19 Relief Package Discussions Until After Election, But Pushes for Airline Funds

President Donald Trump in a series of tweets Tuesday rejected the possibility of a Covid-19 relief package and instructed his administration to stop negotiating an aid deal until after Election Day, seemingly denying U.S. airlines, hotels and other travel suppliers any prospect of direct federal funding for at least another month and raising the possibility of tens of thousands of industry furloughs and other job losses.

Trump in the series

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UAE’s hotels can do with some tax relief

The Yas Hotel in Yas Marina, Abu Dhabi
Image Credit: Gulf News File

In the UAE, staycations have been the main alternative to travel as the lockdown was eased. With a few remaining restrictions on mobility, one can get into a car and drive to a remote resort in the middle of the desert, or to a beach resort that may even boast of exclusive water villas.

While this is

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New European Union Travel Plan Could Bring Clarity, Relief for Airlines

Charles de Gaulle Airport on Day France Reopens Its EU Borders

Photographer: Adrienne Surprenant/Bloomberg

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The European Union’s battered aviation industry may soon get some relief from the confusingly wide range of travel curbs across the continent, as the bloc’s governments seek agreement on a common threshold for imposing restrictions.

Under a proposal

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U.S. Travel CEOs Unite in Stark Call for Relief Bill

The CEOs of 17 of the largest U.S. travel companies joined the U.S. Travel Association in the following statement pleading with leaders in Washington to advance a subsequent round of legislative relief from the economic fallout of the COVID-19 pandemic:

“In the strongest possible terms, we urge Congress and the administration to reach an agreement before the election on a relief package that will give travel employers—and the millions of

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United, American To Cut More Than 32,000 Jobs After Relief Package Talks Fail

KEY POINTS

  • American to furlough 19,000 workers, United to cut 13,000 jobs 
  • Both airlines prepared to recall workers if a deal is reached
  • Airlines would receive $25 billion as pay support in new relief package

More than 32,000 employees from United Airlines and American Airlines will be furloughed from Thursday as talks in Washington about a new coronavirus relief package failed.

American will furlough 19,000 workers, 14% of its pre-COVID19

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How travel excitement can provide COVID-19 stress relief

Chances are, you’ve had to cancel vacation plans in the last five months. You probably felt bummed about it — and guilty for mourning lost trips while the COVID-19 pandemic has caused others to lose much more.

It turns out that disappointment about canceled trips goes beyond feeling sad. For many, travel — and anticipating travel — is a type of self-care. “We tend to use something to look forward

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Travel CEOs plead to Congress for relief as airlines furlough tens of thousands

The CEOs of 17 of the largest U.S. travel companies on Thursday urged Washington to provide aid as the airline industries furloughed tens of thousands of workers.

“In the strongest possible terms, we urge Congress and the administration to reach agreement before the election on a relief package that will give travel employers—and the millions of livelihoods they support—a fighting chance to survive,” the CEOs stated.

The travel industry accounts

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United, American Airlines to furlough thousands after Congress fails to agree on pandemic relief package – WISH-TV | Indianapolis News | Indiana Weather

INDIANAPOLIS (WISH) – American Airlines and United Airlines said they will begin furloughIing 32,000 employees on Thursday. Both of these airlines fly in and out of Indianapolis.

This news comes after lawmakers failed to agree on another pandemic relief package.

The coronavirus Aid, Relief and Economic Security Act, better known as the “Cares Act,” gave airlines $25 billion earlier this year to hold off on job cuts through September.

However,

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Federal stimulus impasse endangers California budget relief

A new infusion of federal aid looks increasingly unlikely to materialize in the coming weeks, dimming hopes that California will restore billions of dollars state leaders trimmed from the budget as part of an agreement with Gov. Gavin Newsom.

The final budget deal included more than $11 billion in cuts and deferrals that would be restored if the state receives $14 billion in federal Covid-19 relief by Oct. 15. The

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American Airlines, United to Cut 32,000 Jobs as Washington Debates Relief

American Airlines Group Inc. and United Airlines Holdings Inc. will go forward for now with a total of more than 32,000 job cuts Thursday after lawmakers were unable to agree on a broad coronavirus-relief package, the airlines told employees.

The airlines’ moves put more pressure on lawmakers who have negotiated on and off for months over an aid package that could include relief for airlines and other hard-hit industries like … Read More

Hotels, facing ‘deep economic crater,’ press Congress for relief

The hotel industry today sent an impassioned plea to Congress to act immediately in granting more financial relief to its sector, lest the thousands of jobs lost and hundreds of hotels closed since the pandemic began continue to grow exponentially.

 

Chip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA), said during a Zoom call this afternoon that the federal government’s Paycheck Protection Program (PPP) had been

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TVA gives $200 million COVID-19 pandemic relief package to local power providers

The Tennessee Valley Authority announced Thursday a $200 million COVID-19 pandemic relief package for local power providers that includes a 2.5% discount on its base electric rates.

Local power providers will decide how to use the base rate credit, which could include lowering customer rates and limiting utility cutoffs for customers hurt by the ongoing pandemic.

“TVA’s team has just been doing an excellent job at constantly looking at

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Makati signs P2.5B relief package; to grant P100K cash aid to businesses

MANILA, Philippines — Businesses in Makati can get up to P100,000 financial assistance under the city’s program to boost the local economy and counter the effects of the coronavirus pandemic.

Makati Mayor Abby Binay announced via Facebook live on Monday that the money would be sourced from the P2.5-billion economic relief package recently passed by the city council.

Under the Makati Assistance and Support to Businesses Program, the city will

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To get a COVID relief bill from Congress cut off the perks

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On Aug. 3, 2020 more than 100 current and former CEOs urged Congress to pass a relief bill to help small businesses through the pandemic. But talks are stalled and hopes for a compromise between the House and Senate have dwindled.

CAROLYN KASTER AP

To get a relief bill cut off the perks in D.C.

Our representatives in Congress cannot put a bill together to help our fellow citizens in

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Airline workers rally at McSally’s Phoenix office for payroll relief

CLOSE

With eight days left until the federal program designed to protect their jobs expires, more than a dozen airline workers circled outside Sen. Martha McSally’s Phoenix office Tuesday morning, their signs sending a clear message: Extend the Payroll Support Program. 

The program, approved by Congress as part of the CARES Act in response to the new coronavirus pandemic, provided $32 billion in payroll support for the pay and benefits

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China Luxury Spend Seen to Jump 30% This Year in Industry Relief

Operations at Ponhu As Chinese Shoppers Turn To Second-hand Luxury Platforms

Photographer: Giulia Marchi/Bloomberg

Chinese demand for luxury goods is projected to grow as much as 30% this year as high-income mainland shoppers drive the country’s post-pandemic economic rebound.

It’s the only bright spot for the luxury industry, which is otherwise poised to see worldwide spending shrink 45% in 2020 as Europe and the U.S. continue to battle the coronavirus ahead of a feared winter wave of infections.

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