House Democrats, on Monday, introduced a stimulus plan that would send $1,400 stimulus checks to Americans earning up to $75,000 annually. This proposal rejects the call from the party’s centrist wing to significantly lower the income threshold. President Joe Biden also cleared his stance on the bill, saying he supports the House Democrats’ proposal of sending $1,400 coronavirus stimulus checks to those earning up to $75,000 annually.
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Q4 2020 hedge fund letters, conferences and more
Coronavirus stimulus checks: Biden supports House Democrats’ proposal
Biden’s comments on the House Democrats’ bill came after an Oval Office meeting. The meeting included Vice President Kamala Harris, Treasury Secretary Janet Yellen and CEOs of some top companies, such as Jamie Dimon (JPMorgan Chase), Doug McMillon (Walmart), Sonia Syngal (GAP), Marvin Ellison (Lowe's) and Tom Donohue (Chamber of Commerce).
Exclusive: Izzy Englander’s Millennium Management Focuses On Longer Term Capital
Earlier this month, Greylock Capital Associates, an emerging markets hedge fund, filed for bankruptcy protection in New York assets under management dwindled from nearly $1 billion in 2017 to $450 million at the end of 2020. After three years of losses, Bloomberg reported that assets could drop below $100 million by the end of the
