Congress Faces Coronavirus Crisis Amid Aid Battle
Congress faces a multi crisis moment with states and cities pleading for aid as the pandemic spikes and protests erupt. Oklahoma Mayor Mary Jane Scott warned her 18 bed hospital could buckle in a second wave while fiscal gaps widen nationwide. Republicans push back on more relief, favoring a work return plan and liability shields.
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Washington
Oklahoma
Congress
Senate
Meredith McGehee
House
Donald Trump
Mark Zandi
Moody’s Analytics
Glenn Hubbard
Columbia University
George W. Bush
Liberal Economic Policy Institute
Kevin Kevin Brady
Texas
Ways & Means
Senate Majority
Mitch McConnell
Trump
Obama
McConnell
George Floyd
Minnesota
Floyd
Ahmad Arbery
Kentucky
Breonna Taylor
Nancy Pelosi
Afri
Cory Booker
D-N.j
Chuck Schumer
Teryn Zmuda
National Association of Counties
New House Select
Mary Jane Scott
Mangum
John Thune
R-S.d
Stocks close higher after weak start broad gains
Wall Street rose with the S&P 500 up 0.4 percent as banks consumer-focused firms and communications shares led gains while health care fell. The Dow gained 91.91 points and the Nasdaq rose 0.7 percent amid mixed economic data and ongoing unrest. Smaller caps advanced, and oil prices fell as investors balance reopening optimism with civil unrest concerns. The ISM manufacturing index showed contraction with May activity down, while the Supreme Court upheld Puerto Rico’s federal oversight board in a key bankruptcy case. Facebook workers staged a walkout over President Trump’s posts about protesters, pressuring Zuckerberg to justify keeping them up.
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Wall Street
U.S
Minneapolis
Mike Zigmont
Harvest Volatility Management
Oakland
Calif
Facebook
Twitter
Mark Zuckerberg
Donald Trump
Trump
Zuckerberg
Publishers sue Internet Archive over copyright claims
Four major publishers sue the Internet Archive in federal court in New York alleging illegal distribution of more than a million scanned works including Toni Morrison's Song of Solomon Malcolm Gladwell's Blink and Cormac McCarthy's The Road. They accuse the archive of scanning printing and uploading books without licenses and letting users download complete in copyright titles with a few clicks. The suit cites an emergency library program announced in March amid COVID-19 school closures.
MENTIONED IN THIS ARTICLE
New York
Internet Archive
Toni Morrison
Malcolm Gladwell
Cormac McCarthy
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