Companies who have massive, unsustainable debt burdens will not qualify for bailout money. Indeed, the Federal Reserve believes that its $4 trillion loan program should be reserved for companies with “safe” credit ratings. Lobbyists are actively trying to convince the … Continue reading Bailout: No Money for “Junk” Debt-Laden Businesses?
The $6 trillion bailout currently being debated in Congress will ensure that more than 90% of American taxpayers will receive a check from the United States government. Here are the main provisions of the proposed bailout: INDIVIDUALS: Single adults with … Continue reading Checks Will Take Weeks to Reach Americans. Also, No Bailout for Cruise Lines?
As feared, the coronavirus crisis has caused unemployment claims to surge: This morning, the US Labor Department revealed that 3.283 million Americans applied for unemployment benefits last week, up 282,000 from the week before. This is the highest figure ever … Continue reading A Record 3.3 Million Americans Apply for Unemployment Benefits
This morning, news broke out that U.S. Senators have agreed to a $2 trillion relief package to ‘bailout’ individuals and industries most impacted by the coronavirus crisis. However, Trump administration economist Larry Kudlow said today that the total package will … Continue reading A $6 Trillion Stimulus? $4 Trillion is Discretionary Fed Money
White House official Eric Eueland has declared that U.S. senators and the Trump administration have finally agreed to the details of the $2 trillion bailout for the coronavirus-stricken economy. The proposed legislation will: Hand out cash directly to Americans, Provide … Continue reading BAILOUT: Senate Agreement Reached!
The United States Senate is on the verge of adopting a $2 trillion bailout to help American industries hardest hit by the coronavirus crisis. The proposed plan includes more than $350bn in loans and loan guarantees for corporations. Let’s analyze which industries and companies may benefit the most from this liquidity injection. AIRLINES The bailout’s big winner will be the airlines: Passenger air carriers will get $50bn in loans, loan guarantees and a holiday from paying fuel tax Cargo air carriers will get up to $8bn in loans (this includes both Fedex and UPS) STOCKS TO WATCH: PASSENGER AIR CARRIERS: … Continue reading BAILOUT: Which Stocks Will Benefit?
Today, Senate Democrats blocked the proposed $2 trillion bailout in a 49-46 vote. They are complaining that the bill is too favorable to corporations and doesn’t provide sufficient worker protection or support for the healthcare sector. Perhaps they share President … Continue reading Democrats Block the Bailout!
The US government is currently debating the details of a massive $1.8 trillion dollar bailout that will do directly to businesses and families most affected by the coronavirus crisis. Here is everything you need to know about the proposed legislation. … Continue reading $2 TRILLION BAILOUT: Here's What You Need to Know