☆ Yield Curve Inversion Is Regarded As A Recession Indicator
Yields on both the 1-month and 3-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near zero and as investors have flocked to the safety of fixed income amid general market turmoil.
House Republicans on Monday night offered a detailed critique of what they called House Speaker Nancy Pelosi’s “socialist wish list” in House Democrats’ $2.5 trillion proposal for responding to the coronavirus outbreak. “Speaker Pelosi unveiled legislation aimed at exploiting the COVID-19 public health crisis by attempting to force the inclusion of a socialist wish list of policies that have nothing to do with the public health and economic emergency,” said House Minority Whip Steve Scalise, Louisiana Republican.
☆ Pelosi Claims House Dems Will Submit Their Own Version
Senate Democrats on Sunday blocked a coronavirus stimulus package from moving forward as talks on several key provisions remain stalled. Senators voted 47-47 on advancing a “shell” bill, a placeholder that the text of the stimulus legislation would have been swapped into, falling short of the three-fifths threshold needed to advance the proposal.
Trump Eyes Grounding Jets, Halting Stock Trading, & Ordering Shelter In Place
⏩ Afternoon Thread Posts @ 14:00 ?
☆ Posted To This Community For Discussion
The Trump administration, moving quickly to halt the spread of the coronavirus, is seriously considering grounding all passenger air traffic for up to 30 days, temporarily halting stock trading on Wall Street, and imposing a shelter-in-place rule, according to officials.