Senator Kirsten Gillibrand (D-New York) has been very vocal about what she thinks needs to be done to battle the economic fallout from the coronavirus crisis.
The senator told Cheddar Monday that postal banking will be able to serve more people during the pandemic, specifically low-income families, who may be unbanked.
"It was instrumental in getting us out of the Depression because post offices were able to sell bonds and it made a difference because it allowed more low-income people to have bank accounts," Gillibrand said.
The senator envisions the U.S. Postal Service re-introduce postal banking through its 30,000 locations in a return to a program that served those impacted the most during the Great Depression, a plan to save both the USPS and economically disadvantaged detailed in an op-ed for The New York Times.
On Friday, President Trump had threatened to withhold aid from the USPS if it doesn't dramatically increase its shipping prices for online retailers. Sen. Gillibrand alleged that his choice to block aid was "fundamentally" related to his resistance to mail-in voting for the November election.
"He is absolutely fighting this because he thinks he will win only if less people are able to vote, which is obviously very cynical and not what we expect from a president," she said.
Previously, a fellow Democrat, New York Governor Cuomo, had criticized Gillibrand and Sen. Charles Schumer, also of New York, for failing to provide enough aid to struggling states like their own, but Gillibrand said they have started negotiating the COVID 4 package that will be geared toward state and local governments.
"Our goal is to allow more cities and states access to federal bailout money," she said. "Hopefully, in this next bill, which will begin in the House and Speaker Pelosi can author it, we will be able to send more money to get the states out of these terrible holes that they can't possibly get out of on their own."
The senator also has an idea for a "health force" job-training program that would put unemployed people to work in the fight against COVID-19 and allow more communities to get tested.
"We would allow for one million workers to be trained in the next two months to do this contact tracing along with testing," Gillibrand said. "We could actually be in the communities testing everyone. If we did that, that's how we can reopen society and schools in the fall."
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.
House Republicans in key battleground districts are working to contain the political fallout expected when thousands of their constituents face higher bills for health insurance coverage obtained through the Affordable Care Act. For a critical sliver of the GOP majority, the impending expiration of the enhanced premium tax credits after Dec. 31 could be a major political liability as they potentially face midterm headwinds in a 2026 election critical to President Donald Trump’s agenda. For Democrats, the party’s strategy for capturing the House majority revolves around pinning higher bills for groceries, health insurance and utilities on Republicans.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
The two-sentence footnote raised serious concerns about accuracy and credibility.
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice.
