Congressional Democrats didn’t get the green strings attached for the airline industry bailout this week, but we can always hope for the next round of stimulus funding. At least the bill’s not bailing out the oil industry? Cartoon by Alex Bowman (check out more of her art here)Continue Reading 48 words
Yesterday, major ideological tensions flared among Senate Democrats and Republicans about what just 12 hours prior seemed to be a solid stimulus package. Despite those roadblocks, there was one clear loser in the $2 trillion relief package: the renewable energy industry. The deal for Senate Republicans taking out a $3 billion provision to buy oil […]Continue Reading 419 words
The $2 trillion stimulus package the Senate passed unanimously late last night contained neither the funding the President sought to fill up the tank on the Strategic Petroleum Reserve nor the provisions that would have required the airline industry to become more sustainable in exchange for large grants.
Why This Matters: The most important thing, in the end, was the aid for workers, small businesses, hospitals, and state and local governments so direly needed at this moment.Continue Reading 548 words
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The Senate was unable to agree on a bipartisan stimulus bill yesterday — negotiations apparently stalled because, among other things, the Democrats demanded that bailouts for airlines be conditioned on their lowering their emissions and that tax credits for wind and solar projects be extended.
Why This Matters: After dragging his feet on immediate economic relief and adjourning the Senate over the weekend ten days ago, now Senator McConnell seems in a big rush to give billions to corporations while leaving workers and the environment out of the deal.Continue Reading 514 words