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Trump Wants ‘More Money at His Discretion’ in Latest COVID Stimulus Proposal: Pelosi

October 11, 2020

House Speaker Nancy Pelosi suggested there are still several disagreements between House Democrats and the Trump administration on the latest coronavirus relief package, writing that Donald Trump “wants more money at his discretion to grant or withhold” in a letter to Democratic colleagues Saturday regarding the president’s latest proposal.

a person wearing a suit and tie: Speaker of the House, Nancy Pelosi, Democrat of California, leaves after her weekly press briefing on Capitol Hill in Washington, DC, on October 8.

© Photo by ANDREW CABALLERO-REYNOLDS/AFP/Getty
Speaker of the House, Nancy Pelosi, Democrat of California, leaves after her weekly press briefing on Capitol Hill in Washington, DC, on October 8.

“When the President talks about wanting a bigger relief package, his proposal appears to mean that he wants more money at his discretion to grant or withhold, rather than agreeing on language prescribing how we honor our workers, crush the virus and put money in the pockets of workers,” Pelosi wrote. “At this point, we still have disagreement on many priorities, and Democrats are awaiting language from the Administration on several provisions

Personal Lines Insurtech Root Files IPO Proposal with SEC

October 6, 2020

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Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been announced. Root said it intends to list its common stock on the Nasdaq Stock Market, under the ticker symbol ROOT.

As of last September, Root had raised a total of $523 million in funding, with an additional $100 million in debt financing. Root said that last round, led by DST Global and Coatue, raised its valuation to $3.65 billion.

Columbus, Ohio-based Root operates through a mobile app that uses smartphone technology, telematics and data science. The insurer has begun selling renters and home insurance in addition to its primary offering, auto insurance.

At the end of 2019, Root reported a net

Democratic proposal for more airline aid stalls in Congress

October 2, 2020

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Video: Ethics experts see national security concern in Trump’s debt (Associated Press)

Ethics experts see national security concern in Trump’s debt

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A proposal by House Democrats to give the airline industry $28.8 billion to avert thousands of furloughs failed to advance on Friday, marking a fresh setback for airlines struggling with a massive downturn in travel during the pandemic.

Travellers check in at a United Airlines kiosk with help from a United employee in the main terminal of Denver International Airport Thursday, Oct. 1, 2020, in Denver. (AP Photo/David Zalubowski)

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Travellers check in at a United Airlines kiosk with help from a United employee in the main terminal of Denver International Airport Thursday, Oct. 1, 2020, in Denver. (AP Photo/David Zalubowski)

Rep. Peter DeFazio, D-Ore., accused Republicans of blocking him from bringing the measure to the House floor under special rules that require unanimous agreement of the lawmakers.

Earlier in the day, House Speaker Nancy Pelosi urged airlines to delay 32,000 furloughs that began this week while Congress considered DeFazio’s bill.

U.S. House COVID-19 aid proposal gives airlines bailout hope, but chances slim

September 29, 2020

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By Tracy Rucinski and David Shepardson

a plane sitting on the tarmac at an airport: FILE PHOTO: American Airlines jets sit at gates at Washington's Reagan National airport in Washington

© Reuters/Kevin Lamarque
FILE PHOTO: American Airlines jets sit at gates at Washington’s Reagan National airport in Washington

CHICAGO/WASHINGTON (Reuters) – A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late on Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, although tough hurdles remained.

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“I’m hopeful. I’m not necessarily optimistic,” Chief Executive Nicholas Calio of trade group Airlines for America told “PBS NewsHour” in an interview.

Washington insiders said passage by Thursday, when an initial $25 billion that protected airline jobs through September expires, was unlikely, and the airline group did not detail the congressional action it hoped to see.

An option would be a quick standalone bill for the airlines, although senior Democratic congressional aides said that was also difficult given that many

U.S. House COVID-19 Aid Proposal Gives Airlines Some Hope for Deal This Week | Investing News

September 29, 2020

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By Tracy Rucinski and David Shepardson

CHICAGO/WASHINGTON (Reuters) – A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, though tough hurdles remained.

“We remain hopeful that Congress will act swiftly before the current Payroll Support Program expires on September 30 to preserve the jobs of these flight attendants, pilots, mechanics, gate agents and others…,” CEO Nicholas Calio of trade group Airlines for America said in a statement.

An option would be a quick standalone bill for the airlines, though senior Democratic congressional aides said that is also difficult given

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