JUST IN! Second Stimulus Check Update: Senate Announces Plan & GIVEAWAY Winner Sunday, May 31th

Michael Wrubel
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Key Financial News & Economic News
New York Gov. Andrew M. Cuomo (D) signed into law on Saturday a bill increasing benefits to the families of medical staff, police officers, transit workers, and other public employees who have died while on the job from covid-19. Families of all other public workers who die from COVID get 50% of pension for life, according to the measure. Typically, beneficiaries only get pension benefits for three years. President Trump says he will postpone until September the annual Group of Seven meeting of world leaders. The president had wanted to hold the gathering in-person by the end of June at the White House. But earlier Saturday, German Chancellor Angela Merkel declined his invitation, citing concerns about the coronavirus pandemic.

Los Angeles Mayor Eric Garcetti said the city’s coronavirus testing centers were closed Saturday because of “safety worries across the city” as protests sparked by the death of George Floyd in police custody raged for a third day. The closures, which Garcetti said were necessary to clean up damage and restore order, underscored the potential for the demonstrations across the country to disrupt the coronavirus response in hard-hit metropolitan areas. All of the testing sites closed as of 3 p.m. on Saturday “because of the safety worries across the city,” the mayor said during his news conference. Curfews were put into place by city officials all across the country.Curfews go into effect in cities around the country as protests for the death of George Floyd continued LA was 8pm, Atlanta was 9pm and most cities are going to have another curfew tonight. Seattle, Denver & Portland. A southern Montana county that includes a large tract of the Crow Indian Reservation saw a spike in coronavirus cases last week, according to county officials, renewing concerns about the pandemic’s disproportionate impact on tribal nations.Health officials are investigating the potential spread of the coronavirus in central Missouri after a person who attended crowded pool parties at the Lake of the Ozarks over Memorial Day weekend tested positive for the virus.

New Stimulus Check
Senate Majority Leader Mitch McConnell said he expects Senate Republicans will begin considering proposals for a "fourth and final" coronavirus response bill to address the needs of the country "in about a month." "Unemployment insurance is extremely important, but it is not designed to encourage you to stay home; it is designed to get you through a trough until you can get back to work," McConnell said. "I think you can certainly assume we will not be paying people a bonus for staying home in another bill." We need to push the pause button here and think through the next step and do it very carefully," McConnell said. "We do have the potential long-term health of the country with this level of massive debt." Democrats have criticized GOP leaders for refusing to open negotiations on the next round of relief. “Watching our Republican colleagues over the last few weeks, you'd never know that the nation is in the midst of crisis," Schumer said in a letter to Senate Democrats. "As unemployment claims reach their highest levels since the Great Depression, Senate Republicans have decided to 'hit the pause button.' The only proposal McConnell explicitly endorsed was a plan to include liability protections for businesses, individuals, nonprofits and schools. He also has

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