"This is really an unprecedented activity that GM and Ventec are in to mass-produce a ventilator with an auto manufacturer."
Employers will have to front the costs of paid leave but will be fully reimbursed through refundable credits that count against payroll tax.
The president said he will invoke the Defense Production Act to compel companies to prioritize the production of equipment to combat the coronavirus.
“What they want to do is hit Social Security like a wrecking ball with a massive tax cut for the country’s biggest corporations."
After Monday's epic collapse, prices also got a boost from signs that Saudi Arabia and Russia will resolve their differences over oil production.
The $8.3 billion package approved by Congress far surpasses the $1.25 billion President Trump requested.
“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”
"Changes in fiscal policy must be made to address the budget situation because our debt is growing on an unsustainable path," the CBO says.
Analysts warn of a hit to earnings and iPhone demand if President Trump follows through with a 10% tariff on Chinese goods.
The budget gap could top $1 trillion for the full fiscal year.
The new nominations come after Trump’s previous nominees, Stephen Moore and Herman Cain, both withdrew from consideration.
Meng Wanzhou's lawyers said President Trump's comments about the case are evidence it is politically motivated.
