News Flash

Federal Government

Posted on: September 14, 2020

No Congressional Coronavirus Relief Forthcoming

Yesterday, the U.S. Senate failed to advance a scaled-down Coronavirus Relief measure when a procedural motion to invoke closure was defeated on party lines.

The $500 billion proposal would have provided zero support for local and state governments. It would also have reduced the Federal Reserve Bank’s authority to provide liquidity to the financial system to support lending to businesses, states, and local governments.

It included additional Payroll Protection Plan (PPP) funds ($257 billion) to support small businesses, a $300 per week unemployment insurance supplement, and it would have extended the deadline for recipient use of CARES Act Coronavirus Relief Fund monies from December 31, 2020 to September 30, 2021.

As the Federal government approaches the end of its Fiscal Year on September 30 and as Election Day nears, it appears unlikely that the Congressional Coronavirus relief logjam will break before, at least, the middle of November.

Contact: Jon Moran, Senior Legislative Analyst, jmoran@njlm.org, 609-695-3481 x121.

Facebook Twitter Email

Other News in Federal Government

Local Aid Crucial for Economic Recovery

Posted on: August 25, 2020

Time is Running Out for the 2020 Census

Posted on: August 14, 2020

Call for Federal Lifeline

Posted on: May 22, 2020

HEROES Act Includes Hometown Help

Posted on: May 15, 2020

Week of May 4 COVID-19 Update

Posted on: May 8, 2020

Possible Help for Seasonal Businesses

Posted on: April 30, 2020

New Federal Help for Local Businesses

Posted on: April 29, 2020

Congress Considers Local Aid Bills

Posted on: April 17, 2020

CARES Act Information Update

Posted on: April 3, 2020

CARES Bill Follow-up

Posted on: March 30, 2020

Federal CARES Act Analysis Continues

Posted on: March 27, 2020

Delays on Gateway Continue

Posted on: March 10, 2020