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Congress OK's Deal To Avoid Federal Shutdown For 48 Hours, But Stalls On Stimulus Pact

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The proposed COVID-19 relief package carries a price tag of about $900 billion. economy at the time when President-elect Joe Biden's administration it about to inherit it. But the paper said some Democrats counter that Republicans are only acting now to limit the Fed because doing so could destabilize the U.S.

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US Stimulus Talks Continue Though Deal Before Election Slim

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However, little indication that anything will be passed in the next two weeks before the November election, Financial Times (FT) writes. Despite both parties trying to reach an agreement, they differed over the would-be price tag and what the aid would include.

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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

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COVID-19’s Price Tag Leaves Large Hospitals At Financial Risk. Dominick Colabella, CEO of Rectangle Health, told Karen Webster a drop in elective procedures has even put large hospitals at a financial risk. The pandemic has upended almost every dynamic of the healthcare system from funding to operations to profits.

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Consumer Groups Plan Complaint Over Facebook’s Facial Recognition

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Federal Trade Commission (FTC) over Facebook ’s use of facial recognition to tag photos. The news follows allegations that Cambridge Analytica improperly collected personal data from Facebook users that was reportedly used to help elect U.S. A coalition of consumer groups are planning to file a complaint with the U.S.

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Stimulus Essentials: A Week Of Congress Negotiations Begins

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The second check was controversial, and created the unusual situation where both President Trump and President-elect Biden publicly argued it should have been for more, namely $2,000. Up to this point, Americans have received two stimulus checks : one for $1,200 in the spring of 2020, and then another for $600 in the early days of 2021.

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Costco Rounds Out 2016 With Sharp Sales

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Experts blame the election for those rusty numbers but attribute the gains to the holidays immediately after Thanksgiving. Both millennials and Gen Z shoppers, no longer tagging along with mom, have been popping into stores to get their own membership cards. These numbers are significant considering that November was not as positive.

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Facebook Tracker: Slowdown Strategies

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presidential election cycle, and that may be just the tip of the iceberg. Facebook and music owners have been in negotiations for months, but the system Facebook has promised to build to identify and tag infringing music could take two years to develop. But it’s not all good news. Birthday Money.