President Joe Biden on Friday said that lawmakers in Congress need to take action right away on his $1.9 trillion COVID-19 relief proposal. Biden noted that most economists believe that additional economic stimulus is necessary.
President Donald Trump signed the massive coronavirus relief bill and government relief package into law on Sunday despite his initial comment suggesting he would veto the bill.
U.S. stocks slumped on Tuesday after U.S. President Donald Trump said he has asked White House officials to call off COVID-19 relief negotiations until after the election.
Law firms, elite private and charter schools, and celebrity-owned businesses received taxpayer-funded relief packages from the administration worth between $150,000 and $5 million.