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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Federal Budget 2020 reveals Australia headed to record debt of almost $1 trillion

Billions of dollars in fast-tracked tax cuts and younger worker wage subsidies underline the Federal Government’s budget recovery pitch, as Australia’s recession sends debt and deficits to record levels.

Treasurer Josh Frydenberg’s coronavirus-delayed Budget includes $50 billion to bring forward tax cuts and $4 billion in subsidies for businesses to hire unemployed workers aged between 16 and 35.

The focus of the Budget is getting those who lost their jobs

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