Joseph Zeballos-Roig
Joseph Zeballos-Roig
Economics reporter @businessinsider | Past @TheTakeaway @60Minutes @NYT_Institute | RTs only mean 👀 | ”In the pocket of Big Truth”Source
New York City, NY
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Alexandria Ocasio-Cortez blasts Democrats' last-minute compromise on stimulus checks as an 'own-goal'

Alexandria Ocasio-Cortez blasts Democrats' last-minute compromise on stimulus checks as an 'own-goal'

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Rep. Alexandria Ocasio-Cortez condemned "conservative" Democratic senators who pushed their party to limit eligibility for a new set of $1,400 stimulus checks under President Joe Biden's relief package. Biden has endorsed the proposal for quicker phaseouts for the $1,400 stimulus checks to prevent people who earn higher incomes from getting a third direct payment, two Democratic aides on Wednesday. The checks form a key part of the $1.9 trillion relief legislation the...

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Eliza Relman
3d ago
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Bernie Sanders promises Senate vote on $15 minimum wage as Democrats get ready to approve the stimulus package

Bernie Sanders promises Senate vote on $15 minimum wage as Democrats get ready to approve the stimulus package

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Sen. Bernie Sanders said Monday he will introduce an amendment to raise the minimum wage after a Senate parliamentarian including it in the ."I intend to offer the bill that will raise the minimum wage to $15 an hour, and we'll see how the votes go," the Vermont independent told reporters. "But let me be very clear: If we fail in this legislation, I will be back. We're going to keep going and, if it takes 10 votes, we're going to raise that minimum wage very...

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Charles Davis
5d ago
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The $15 minimum wage is struck from the Democratic stimulus plan

The $15 minimum wage is struck from the Democratic stimulus plan

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Senate parliamentarian ruled on Thursday evening that a $15 minimum wage provision cannot stay in the President Joe Biden's $1.9 trillion stimulus package, according to a Senate Democratic aide familiar with the decision.The parliamentarian, Elizabeth MacDonough, said the provision's effect on the federal budget was "merely incidental," the aide said. That violates the strict guidelines under the reconciliation process that Democrats are employing to approve the...

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Joseph Zeballos-Roig
Feb 25
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Bernie Sanders says Democrats will try to devise a backdoor to implement a $15 minimum wage after major stimulus setback

Bernie Sanders says Democrats will try to devise a backdoor to implement a $15 minimum wage after major stimulus setback

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Sen. Bernie Sanders said Democrats would try to devise a backdoor to implement a $15 minimum wage after a pay hike was struck from the $1.9 trillion stimulus package on Thursday evening — a major setback for progressives.Senate parliamentarian Elizabeth McDonough the strict guidelines of the reconciliation process. It's the legislative method Democrats are using to approve the package in a party-line vote without Republican support.In a statement, Sanders criticized...

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Joseph Zeballos-Roig
Feb 25
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A 2nd Democratic senator has come out against the $15 minimum wage in Biden's stimulus package, imperiling the pay bump

A 2nd Democratic senator has come out against the $15 minimum wage in Biden's stimulus package, imperiling the pay bump

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...A second Democratic senator came out in opposition to including a $15 minimum wage in President Joe Biden's relief package, possibly dealing a major blow to the proposed wage hike."What's important is whether or not it's directly related to short-term Covid relief. And if it's not, then I am not going to support it in this legislation," Sen. Kyrsten Sinema of Arizona told Politico published Friday. "The minimum wage provision is not...

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Joseph Zeballos-Roig
Feb 12
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Joe Biden is continuing his push to approve his $1.9 trillion stimulus package even as the Trump impeachment trial proceeds

Joe Biden is continuing his push to approve his $1.9 trillion stimulus package even as the Trump impeachment trial proceeds

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...President Joe Biden pressed ahead with his $1.9 trillion emergency spending package throughout the week even as the second impeachment trial for former President Donald Trump got underway.A split-screen appeared on Friday. As the trial started reaching its end, Biden continued attempting to muster support for his stimulus package. He met with a bipartisan group of mayors and governors to make his case for robust funding for strapped...

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Joseph Zeballos-Roig
Feb 13
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The Fed says US unemployment is actually about 10% — nearly double the official rate and matching the worst of the Great Recession

The Fed says US unemployment is actually about 10% — nearly double the official rate and matching the worst of the Great Recession

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...We’ve simplified our name. Now we’re just “Insider.” Thank you for reading!Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Federal Reserve Chair Jerome Powell said on Wednesday that US unemployment is about 10% — or nearly twice the officially recorded rate. That roughly equal to Great Recession levels more than a decade ago.The Fed chair made the remarks in a speech on...

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Joseph Zeballos-Roig
Feb 10
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Sen. Raphael Warnock indicates support for keeping stimulus check income thresholds in the Biden relief package

Sen. Raphael Warnock indicates support for keeping stimulus check income thresholds in the Biden relief package

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...We’ve simplified our name. Now we’re just “Insider.” Thank you for reading!Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Sen. Raphael Warnock of Georgia indicated during an interview on Capitol Hill that he favors keeping the same income thresholds for a wave of $1,4o0 stimulus checks and not tightening eligibility around them."I think people making $75,000 in Georgia are...

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Joseph Zeballos-Roig
Feb 8
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House approves key budget bill as Pelosi says Democrats will pass Biden's stimulus package by end of February

House approves key budget bill as Pelosi says Democrats will pass Biden's stimulus package by end of February

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...We’ve simplified our name. Now we’re just “Insider.” Thank you for reading!Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The House of Representatives voted mostly along party lines on Friday to approve a budget proposal that sets the stage for Democrats to pass President Joe Biden's $1.9 trillion government rescue package without any Republican votes.The House voted 219-209 to...

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Joseph Zeballos-Roig
Feb 5
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Democrats unveil a plan to provide every American child with a $1,000 savings account that can be accessed at age 18

Democrats unveil a plan to provide every American child with a $1,000 savings account that can be accessed at age 18

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...We’ve simplified our name. Now we’re just “Insider.” Thank you for reading!Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Congressional Democrats on Thursday reintroduced a plan to provide every child with a $1,000 savings account that they could access once they turn 18. Some are pushing to include the measure in President Joe Biden's rescue package.Spearheaded by Sen. Cory...

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Joseph Zeballos-Roig
Feb 4
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Senate Democrats take the first step to pass Biden's $1.9 trillion stimulus package on their own as the administration stands by it

Senate Democrats take the first step to pass Biden's $1.9 trillion stimulus package on their own as the administration stands by it

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...We’ve simplified our name. Now we’re just “Insider.” Thank you for reading!Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Senate Democrats on Tuesday to secure the passage of President Joe Biden's , advancing a budget resolution in a maneuver that could allow them to approve it without any Republican support.It was a 50-49 party-line vote. Every Democratic senator supported it,...

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Joseph Zeballos-Roig
Feb 2
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House Democrats voted to circumvent Republicans and pass Biden's $1.9 trillion stimulus package on their own

House Democrats voted to circumvent Republicans and pass Biden's $1.9 trillion stimulus package on their own

The word "Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...We’ve simplified our name. Now we’re just “Insider.” Thank you for reading!Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.House Democrats on Wednesday approved a measure to enact President Joe Biden's $1.9 trillion emergency spending package on a party-line vote without Republican support.The vote to approve the budget resolution passed 218-212. Two Democratic lawmakers opposed...

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Joseph Zeballos-Roig
Feb 3
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'One more check is not enough': 54 progressive Democrats urge Biden to add recurring direct payments to COVID-19 relief package

'One more check is not enough': 54 progressive Democrats urge Biden to add recurring direct payments to COVID-19 relief package

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...House Democrats urged President Joe Biden on Thursday to include recurring stimulus checks in his COVID-19 relief package, according to a letter obtained by Insider.Rep. Ilhan Omar is leading the push, and she was joined by others such as Reps. Alexandria Ocasio-Cortez of New York, Ayanna Pressley of Massachussetts, and Rashida Tlaib of Michigan. They are among the 54 House progressives who sent a letter to the White House...

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Oma Seddiq
Jan 28
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Biden's Treasury pick Janet Yellen urges Congress that now is the time to 'act big' on a stimulus package — and warns of a more painful recession without it

Biden's Treasury pick Janet Yellen urges Congress that now is the time to 'act big' on a stimulus package — and warns of a more painful recession without it

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...Janet Yellen, President-elect to head the Treasury, urged lawmakers at her Senate confirmation hearing on Tuesday morning that now is the time to "act big" on another massive rescue package to combat the pandemic."Neither the President-elect, nor I, propose this relief package without an appreciation for the  country's debt burden," Yellen said in introductory remarks during a Senate Finance Committee hearing. "But right now,...

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Joseph Zeballos-Roig
Jan 19
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Joe Biden wants to go big with a multi-trillion-dollar stimulus package. But his economic agenda is about to collide against a Democratic drive to impeach Trump.

Joe Biden wants to go big with a multi-trillion-dollar stimulus package. But his economic agenda is about to collide against a Democratic drive to impeach Trump.

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Something is loading.Loading...President-elect Joe Biden is putting together a large, multi-trillion dollar stimulus package to combat the worsening economic fallout of the pandemic.On Friday, Biden said during a news conference that the — which showed employers shed 140,000 jobs in December — heightened urgency for lawmakers to act swiftly to help individuals and small businesses."We need to provide more immediate relief for families and businesses now,"...

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Joseph Zeballos-Roig
Jan 11
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Trump will cost jobless workers a week of $300 federal unemployment benefits if he doesn't sign the relief bill by the end of Saturday

Trump will cost jobless workers a week of $300 federal unemployment benefits if he doesn't sign the relief bill by the end of Saturday

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.President Donald Trump has suggested he may reject the $900 billion coronavirus relief package that Congress approved earlier this week unless lawmakers include $2,000 stimulus payments. He still hasn't signed it into law and has given few indications of which direction he'll swing.The continued delay endangers a broad range of federal assistance programs in the legislation as well. It could prove costly for millions of Americans receiving unemployment...

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Joseph Zeballos-Roig
Dec 26
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'It was not a mistake': Nancy Pelosi defends her rejection of the Trump administration's $1.8 trillion stimulus offer after throwing support behind a relief package half its size

'It was not a mistake': Nancy Pelosi defends her rejection of the Trump administration's $1.8 trillion stimulus offer after throwing support behind a relief package half its size

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.At her weekly press conference on Friday, House Speaker Nancy Pelosi defended her support of a stimulus package half the size of what the Trump administration offered in October. She cited the "game changer" of Joe Biden's election as the 46th president as well as the positive vaccine developments in her backing of the $908 billion relief bill proposed earlier this week. her previous insistence for a broad spending package of at least $2.2 trillion was...

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Joseph Zeballos-Roig
Dec 4
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Biden says the stimulus package being negotiated 'would be better' if it included a fresh wave of $1,200 payments — and suggests they are still in the mix

Biden says the stimulus package being negotiated 'would be better' if it included a fresh wave of $1,200 payments — and suggests they are still in the mix

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.President-elect Joe Biden said during an economic event that the latest $908 billion stimulus package "would be better" if it included a new wave of direct payments for Americans."I think it would be better if it had the $1,200. I understand that may still be in play," Biden said.He added: "The whole purpose of this is we've got to make sure people aren't thrown out of their apartments, lose their homes, are able to have unemployment insurance they can...

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Joseph Zeballos-Roig
Dec 4
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A bipartisan group of senators unveil a compromise $908 billion stimulus plan that omits a 2nd round of stimulus checks

A bipartisan group of senators unveil a compromise $908 billion stimulus plan that omits a 2nd round of stimulus checks

A bipartisan group of senators unveiled $908 billion stimulus plan on Tuesday aimed at breaking the monthslong deadlock on Capitol Hill. The plan was introduced by a group of lawmakers that include Democratic Sen. Joe Manchin of West Virginia; Republican Sen. Susan Collins of Maine; and Democratic Sen. Mark Warner of Virginia. "Our action to provide emergency relief is needed now more than ever before," Manchin said at a press conference. The Washington Post reported on Tuesday that the plan includes: $300 federal weekly unemployment benefits retroactive from Dec. 1 for 18 weeks. $240...

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Joseph Zeballos-Roig
Dec 1
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Let's pay people at least $1,000 to get a COVID-19 vaccine, some top economists and a former 2020 presidential candidate say

Let's pay people at least $1,000 to get a COVID-19 vaccine, some top economists and a former 2020 presidential candidate say

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The race for a appears to be bearing fruit nine months into a pandemic that has killed over 257,000 Americans, wrecked the US economy, and dealt a ferocious blow to Hispanic and Black communities higher death rates and job losses. The nation, though, may be nearing in the pandemic as new virus cases rise unchecked. Two vaccines could get emergency OKs from regulators in December, paving the way for them to be injected into upper arms next month. about 20...

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Joseph Zeballos-Roig
Nov 28
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'It's everything': Here's how a pair of Senate races in Georgia in January could decide whether Congress enacts a $3.4 trillion stimulus plan

'It's everything': Here's how a pair of Senate races in Georgia in January could decide whether Congress enacts a $3.4 trillion stimulus plan

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.President-elect Joe Biden is on course to assume office on January 20, but the balance of power in Washington is still unresolved with a pair of Senate runoffs in Georgia just two weeks before Biden's inauguration. In one race, Democrat Jon Ossoff Republican Sen. David Perdue, while Republican Sen. Kelly Loeffler is Democrat Raphael Warnock in the second runoff. The results will determine which party controls the Senate in an extraordinary period of public...

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Joseph Zeballos-Roig
Nov 22
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Mitch McConnell says Congress should redirect unspent stimulus money to prop up small businesses, backing Mnuchin in his fight against the Fed

Mitch McConnell says Congress should redirect unspent stimulus money to prop up small businesses, backing Mnuchin in his fight against the Fed

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Senate Majority Leader Mitch McConnell on Friday afternoon supporting Treasury Secretary Steven Mnuchin's call for Congress to repurpose unspent stimulus money — and backing the Trump administration in against the Federal Reserve.McConnell said "there is an obvious right use" for the unused funds. He argued it should be directed at "urgent, important, and targeted relief measures" that Republicans have sought for months over repeated Democratic objections...

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Joseph Zeballos-Roig
Nov 20
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How the Koch brothers used their massive fortune to power a conservative crusade that reshaped American politics

How the Koch brothers used their massive fortune to power a conservative crusade that reshaped American politics

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.270 to win51 to control218 to controlCharles Koch is in the news from his newest book in published Friday. He expressed regret for his role powering a conservative crusade that forever changed American politics."Boy, did we screw up! What a mess!" he wrote.David and Charles Koch became a colossal political force in recent decades. Since the 1970s, they personally donated at least $100 million to aid the rise of the Tea Party movement and bolster the...

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Joseph Zeballos-Roig
Nov 13
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Here's how a Biden administration could still make significant progress on liberal goals with a Republican-held Senate

Here's how a Biden administration could still make significant progress on liberal goals with a Republican-held Senate

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.270 to win51 to control218 to controlHeading into Tuesday's election, Democrats dreamed of a unified government . The party was gearing up to roll back the 2017 tax cuts, bolster Obamacare, and pass a massive economic stimulus plan. But their ambitions ran aground this week. Democrats shed House seats despite projections they would strengthen their majority. They were also defeated by wider margins than expected in several critical Senate races against...

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Joseph Zeballos-Roig
Nov 8
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Ted Cruz says the swelling national debt will re-emerge as a major concern for Republicans

Ted Cruz says the swelling national debt will re-emerge as a major concern for Republicans

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Sen. Ted Cruz said the growing national debt is set to broadly re-emerge as an area of concern of Republicans down the road.During an interview on "Axios on HBO" with political reporter Jonathan Swan, the Texas Republican discussed the budget deficit and the federal debt. The pair had an energetic back-and-forth on the matter, with Swan saying Republicans had approved spending policies that grew the deficit, like the 2017 tax cuts. never ran on cutting the...

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Joseph Zeballos-Roig
Oct 27
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