The Week in Business: Let’s Call the Whole Thing Off

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Hi everyone. Here’s your quick catch-up on the latest news in business and tech, plus what you need to know for the week ahead. — Charlotte CowlesImageCredit…Giacomo BagnaraWhat’s Up? (Sept. 6-12)The Stimulus Slips AwayThe odds of Congress enacting a second bailout for the U.S. economy got much smaller when a proposal from Senate Republicans was unanimously rejected by Democrats on Thursday. The plan, nicknamed the “skinny” bill because it was a slimmed-down version of a previous relief proposal, did include some federal aid for small businesses, unemployed workers, schools and vaccine development. But it wasn’t nearly enough, per Democrats, who argue that a far more comprehensive rescue plan is needed. Now it seems Congress may not agree on additional stimulus measures of any sort before the November elections — bad news for millions of unemployed Americans, as well as businesses and schools that are desperately strapped.Biden’s Jobs PlanSpeaking at a United Auto Workers Union headquarters in Michigan last week, Joe Biden gave more details about the policies he’d push to boost the country’s economic recovery if he wins the presidential election this fall. A cornerstone of his plan would involve changing the …

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