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Vote on Unemployment Insurance Pushed to Monday

The Senate will vote Monday evening on legislation extending unemployment benefits -- a procedural vote that could clear the way for final passage as early as

Jul 31, 2020
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The Senate will vote Monday evening on legislation extending unemployment benefits — a procedural vote that could clear the way for final passage as early as late Tuesday, Senate Majority Leader Harry Reid (D-Nev.) just announced. The bill has been held up for weeksas party leaders have tangled over amendments, procedureand probably their picks in the World Series.
Monday’s cloture vote won’t pass the bill, but only ends the GOP filibuster, allowing the staging of the final vote. Senate rules dictate, however, that 30 hours must pass between the cloture vote and that on final passage — meaning that, absent a deal, the Senate can’t pass the bill much sooner than midnight on Tuesday.
Reid said the bill will include only two additional amendments: A tax credit for homebuyers, and a tax benefitallowing businesses to recoup taxes they paid in recent profitable years.
If an agreement is struck between the parties, all of this could change at any time.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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