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Economics in Brief: $2,000 Checks Are the New Senate s First Priority – Next City

Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters that $2,000 stimulus checks to Americans is “one of the first things we want to do” in the new Congress, the Washington Post reports. And with two new incoming Democratic senators in Georgia, after Raphael Warnock and Jon Ossoff won their races in the runoff, giving Democrats a majority in both the Senate and the House, the checks are a possibility. “That money would go out the door immediately, to help people who are in real trouble,” the Post quoted President-elect Joe Biden as saying in Georgia during the closing days of the Senate campaigns.

Are 80% of credit unions in trouble?

Are 80% of credit unions in trouble? 1SHARES This was going to be an article about holiday cheer and Christmas music. The first paragraph would be asking you when you first heard that holiday song this year. And then there would be a section on how holidays seem to be starting up earlier in 2020. Which is totally fine, because if there was ever a year we needed some extra cheer…well, yeah. Instead, a coworker (ok, my dad) shared a recent Credit Union Times article about the performance of the industry, separated by segments. He noticed they are now calling all institutions smaller than $1B in asset size “small”.

Meet Jeff Hauser, the Jewish gadfly pushing Biden to the left

Most progressives do a delicate dance each time President-elect Joe Biden considers a slate of moderates for a cabinet job, trying to nudge him to the left without alienating the coming administration. But not Jeff Hauser, who is brawling, not waltzing, his way through the transition and relishes the opportunity to take the heat for his allies on the left. “We don’t have a need for face time with Biden world,” said Hauser, founder and director of the Revolving Door Project. “Other organizations welcome our candor because it absolves them of the need to strain important relationships.” The 46-year-old operative mixes his legal background and political experience to keep an eye on key roles that normally fly under the radar Office of Information and Regulatory Affairs, anyone? and calls attention to potential picks who don’t pass progressive muster. His pugnacious style annoys some of his fellow Democrats, but he’s OK with that.

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