As we reported yesterday, Senate Republicans were expected to develop and unveil proposals for the next round of coronavirus relief legislation as early as today. Administration officials were at the weekly Senate Republican party caucus lunch meeting today (the first gathering of the traditional weekly lunch meeting since the Coronavirus outbreak) to discuss a strategy and develop a plan. Reportedly there are some differences on certain issues that have to be worked out between the White House and the Senate Republicans. The Senate plan will have:
$105 billion for school re-opening
Funds for childcare
Stimulus checks and small business loans
There will also be some sort of tax breaks for retaining or rehiring wor...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
