The Week in Business: Let’s Call the Whole Thing Off

SourceThe New York Times
SectorEconomy
CountryGCC

With interestBy Charlotte CowlesHi everyone. Here’s your quick catch-up on the latest news in business and tech, plus what you need to know for the week ahead. — Charlotte CowlesImageCredit...Giacomo BagnaraWhat’s Up? (Sept. 6-12)The Stimulus Slips AwayThe odds of Congress enacting a second bailout for the U.S. economy got much smaller when a proposal from Senate Republicans was unanimously rejected by Democrats on Thursday. The plan, nicknamed the “skinny” bill because it was a slimmed-down version of a previous relief proposal, did include some federal aid for small businesses, unemployed workers, schools and vaccine development. But it wasn’t nearly enough, per Democrats, who argue that a far more comprehensive rescue plan is needed. Now it seems Congress may not agree on additional stimulus measures of any sort before the November ...read more...