by The Associated Press | Jan 28, 2021 | Coronavirus, CR Daily, Industry News
More than a sweeping national rescue plan, President Joe Biden’s $1.9 trillion COVID-19 relief package presents a first political test – of his new administration, of Democratic control of Congress and of the role of Republicans in a post-Trump political landscape.
by The Associated Press | Jan 20, 2021 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
Biden returns to the White House today as president a dozen years later with the economy battered and shaken by a pandemic. But this time is different – and it could reset the nation’s politics if Biden and Democrats can count on a level of growth not seen in a generation.
by The Associated Press | Jan 20, 2021 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
Janet Yellen, President-elect Joe Biden’s choice as Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its $1.9 trillion pandemic relief plan, rejecting Republican arguments that the measure is too big given the size of U.S. budget deficits.
by The Associated Press | Jan 4, 2021 | Coronavirus, CR Daily, Industry News
The Connecticut Supreme Court ruled Thursday that many of Gov. Ned Lamont’s shutdown orders related to the coronavirus pandemic are constitutional, thwarting a challenge from a pub owner.
by The Associated Press | Dec 30, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
Gov. Ned Lamont and a top advisor said Monday they’re pleased so far with the pace of vaccinations in Connecticut despite concerns the nation is behind where it should be in the race to deliver the shots.
by Diane McLaughlin | Dec 28, 2020 | Banking & Lending, Coronavirus, CR Daily, Executive Briefing
After threatening last week to veto the bipartisan COVID-19 relief package, President Donald Trump signed the bill Sunday evening, paving the way for $600 economic aid payments and other provisions affecting banking and lending.
by Steve Adams | Dec 23, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Executive Briefing, Residential Real Estate
Developer LAZ Investments LLC is expanding its multifamily portfolio with a 50-percent acquisition of 554 apartments in downtown Hartford.
by The Associated Press | Dec 23, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
U.S. consumer spending fell 0.4 percent in November, the first decline since April, as Americans confronted a newly resurgent virus.
by The Associated Press | Dec 23, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
President Donald Trump has threatened to torpedo Congress’ massive COVID-19 relief package in the midst of a raging pandemic and deep economic uncertainty, suddenly demanding changes fellow Republicans have opposed.
by Diane McLaughlin | Dec 22, 2020 | Banking & Lending, Coronavirus, CR Daily, Executive Briefing
The COVID-19 aid bill passed by Congress on Monday will allow small businesses hit hardest by the pandemic to take a second Paycheck Protection Program loan.
by The Associated Press | Dec 17, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver additional help to businesses, $300-per-week jobless checks and $600 stimulus payments to most Americans.
by The Associated Press | Dec 15, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
As top Washington negotiators reach for a long-delayed agreement on COVID-19 relief, rank-and-file Democrats appear increasingly resigned to having to drop, for now, a scaled-back demand for fiscal relief for states and local governments whose budgets have been thrown out of balance by the pandemic.
by The Associated Press | Dec 11, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
An emerging $908 billion COVID-19 aid package from a bipartisan group of lawmakers has all but collapsed after Senate Majority Leader Mitch McConnell said Republican senators won’t support $160 billion in state and local funds as part of a potential trade-off in the deal.
by The Associated Press | Dec 4, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News
Optimism about delivering long-sought COVID-19 relief is building on Capitol Hill after additional rank-and-file lawmakers voiced support for a bipartisan, middle-of-the-road plan taking shape in the Senate.
by The Associated Press | Dec 3, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News
President-elect Joe Biden swung behind a bipartisan COVID-19 relief effort Wednesday and his top Capitol Hill allies cut their demands for a $2 trillion-plus measure by more than half in hopes of breaking a months-long logjam on the issue.
by The Associated Press | Dec 2, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
Top Senate Republican Mitch McConnell said he’s largely sticking with a partisan, scaled-back COVID-19 relief bill that has already failed twice this fall, even as Democratic leaders and a bipartisan group of moderates offered concessions in hopes of passing pandemic aid before Congress adjourns for the year.
by The Associated Press | Dec 1, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
Connecticut has no plans at the moment to impose more restrictions on businesses amid rising coronavirus infections and deaths, despite a group of doctors calling for the closure of gyms and a pause on indoor dining.
by The Associated Press | Dec 1, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate
A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on the number of newly laid off workers because of flaws in the government’s data collection.
by The Associated Press | Nov 25, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News
A small number of flagrant violations and concerns about the holiday shopping season has prompted Connecticut Gov. Ned Lamont to imposed a steep new $10,000 fine on businesses that break the state’s coronavirus rules.
by The Associated Press | Nov 24, 2020 | Coronavirus, CR Daily, Industry News
Teachers’ unions on Monday said all Connecticut public schools should switch to full-time remote learning until at least mid-January unless statewide coronavirus safety protocols are established and strictly enforced.