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The Fed is pushing back against a request from Treasury to wind down emergency lending programs set up in the wake of the coronavirus.
The National Association of State Workforce Agencies tells lawmakers on Capitol Hill that it would take most states 8-20 weeks to move to a modified system of awarding benefits.
The Senate Banking Committee took its first look at spending under the massive CARES Act approved in March. Sen. Elizabeth Warren said more should have been done to keep U.S. workers on the payroll.
A major credit rating agency is warning that a prolonged government shutdown could mean that it will reconsider the nation’s AAA rating. That could lead to higher borrowing costs.