The president’s tweets came on a day when Federal Reserve Chair Jerome Powell urged more stimulus to help the economy recover from the recession caused by the pandemic.
Alaska Legislature passes budget with $1,000 PFD, no stimulus
The bill would draw $1.1 billion from the state’s main savings account, the Constitutional Budget Reserve — mostly because of the recent collapse in oil prices. That means the state’s savings will be near the minimum it needs to pay the bills.
Ten things to know about what the Alaska Legislature is doing
Alaska’s Legislature has been working to finish the state budget and pass bills in response to the coronavirus, and lawmakers could leave Juneau as soon as Friday.
Senate adds $1,000 stimulus checks before sending budget back to House
Wasilla Republican Sen. Mike Shower proposed the payment as an amendment to the budget bill. Senators intend for the payments to be made immediately after the bill passes.
Juneau Assembly adds ‘the road’ to federal wish list
The winners for the Juneau Assembly’s wish list include: Juneau Access Project; Rainforest Recovery Center and extending the West Douglas pioneer road. The losers include a new Juneau Arts and Cultural Center, refurbishing Centennial Hall and developing the former NOAA marine lab at Auke Bay.
Obama says goodbye this week, but his message hasn’t always gotten through
President Obama came into office hailed as the “Great Communicator,” but when it came to explaining the $780 billion stimulus, he came up short, setting up a pattern that would repeat.