Stimulus Package Fails As Some Pasadena Businesses in Dire Shape

Posted On Jun 12 2021 by

first_img Business News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. HerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeautyHerbeautyAt 9 Years Old, This Young Girl Dazzled The World Of FashionHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyGained Back All The Weight You Lost?HerbeautyHerbeautyHerbeauty8 Celebrities People Don’t Love AnymoreHerbeautyHerbeauty City officials, business owners, and Pasadena residents hoping for another stimulus package from Washington were disappointed Thursday after learning the U.S. Senate failed to advance a $300 billion Republican stimulus package.The GOP-dominated Senate needed 60-votes to send the bill to the President’s desk. Democrats and Kentucky Republican Sen. Rand Paul voted against the bill.Unlike a House bill aimed at offering economic relief to millions of people who have lost their jobs due to the coronavirus pandemic, the Senate legislation would have allowed some small businesses to apply for a second loan and create liability protections to limit lawsuits against businesses, universities, hospitals, and health care workers.Locally, restaurants still cannot do business indoors, and gyms, bars, nightclubs, and many other businesses remain closed.Unlike initial bailout legislation, which offered a $600 enhancement to state unemployment benefits, the GOP package offered $300 per week in federal benefits through Dec. 27. The Republican legislation also did not include money for another round of direct stimulus checks to Americans.Nor did it provide additional funding for states and local governments facing budget shortfalls.Mayor Terry Tornek said a second stimulus package was needed to help local businesses.“The city finds itself in the position of having to step up in areas that we haven’t had to so much in the past, like food security,” Tornek said.“And of course, we’ve also got the issue of what was a kind of a booming local business economy is much more challenged, particularly with regard to small businesses, restaurants, and other mainstays of our economy.”The Senate bill also provided $105 billion in education funds, about two-thirds of which would be reserved for schools that reopen for in-person instruction and would’ve forgiven a $10 billion loan to the U.S. Postal Service, which has come under fire from the Trump administration in recent months.“Some of these businesses are not going to reopen over the next couple of months,” Tornek said of the bleak local economic landscape. “They can’t survive. That’s particularly true if our friends in Washington don’t get off their duffs and pass another stimulus package because these businesses just won’t make it. They can’t make it.” Your email address will not be published. Required fields are marked * Make a comment Top of the News More Cool Stuff EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  Community Newscenter_img 21 recommended0 commentsShareShareTweetSharePin it CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Stimulus Package Fails As Some Pasadena Businesses in Dire Shape By DONOVAN MCCRAY Published on Thursday, September 10, 2020 | 3:23 pm Subscribe STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy STAFF REPORT First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more


What’s in Store for MBS?

Posted On May 31 2021 by

first_img Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Bloomberg Video Spotlight About Author: Joey Pizzolato Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: LoanCare Renews Black Knight Contract Next: Continuing the Legacy Through past purchases, the Fed now owns over a quarter of the $6.86 trillion mortgage-backed security market. But, as it intends on reducing its balance sheet in the coming future, what could be some of the potential risks for the market? One analyst from Bloomberg has an idea. Demand Propels Home Prices Upward 2 days ago Related Articles Sign up for DS News Daily center_img Share Save What’s in Store for MBS?  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / What’s in Store for MBS? Data Provider Black Knight to Acquire Top of Mind 2 days ago August 11, 2017 4,582 Views in Daily Dose, Featured, Headlines, Media, News Bloomberg Video Spotlight 2017-08-11 Joey Pizzolato Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more