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Pelosi and Senate Minority Leader Chuck Schumer held several weeks of negotiations with Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows from late July to early August, but the talks failed amid partisan finger-pointing. The two sides were hundreds of billions of dollars apart on overall spending levels, with aid to state and local governments — a top Democratic priority — a huge stumbling block.

“We want to get a deal or an agreement with Mnuchin and the Senate because we want a bill passed and signed,” Hoyer told reporters Thursday when asked about a potential vote. “A message bill is one thing. But we want to get something signed so people get money.”

Pelosi and Mnuchin have held several phone calls since then, and they hashed out a deal this week on a short-term spending package to keep the federal government open until Dec. 11, but there has been no movement on a Covid-19 relief bill.

“I’ve probably spoken to Speaker Pelosi 15 or 20 times in the last few days on the CR and we agreed to continue to have discussions on the CARES Act,” Mnuchin said at a Senate Banking Committee hearing Thursday.

But, he added, “right now we’re stuck” because Democrats want at least a $2.2 trillion plan.

The legislation is expected to contain popular provisions from the massive $3.4 trillion HEROES Act the House passed in May, including state and local funding and expanded unemployment benefits but likely for a shorter time frame than originally proposed, according to Democrats involved.

With key assistance like federal jobless aid and business grants having expired, many House Democrats have grown desperate in their calls for Pelosi and her leadership team to take up additional relief bills before the chamber leaves for a month-long recess next week.

That includes some of the caucus’ most endangered Democrats who are anxious about the election in just 40 days, as well as others from districts that have been battered by the economic fallout from the pandemic. About a dozen Democrats had even considered joining a long-shot GOP discharge petition to force a vote on small business relief.

Many centrist Democrats argued that voters back home wouldn’t remember the massive legislation the House passed in May, which has since languished in the Senate. Some lawmakers, as part of the bipartisan House Problem Solvers Caucus, drafted their own approximately $2 trillion proposal in an attempt to restart talks.

But Pelosi has repeatedly countered that Democrats should not put forward a more narrow package when Republicans refuse to budge on their demands.

“We will negotiate with the administration and the Republicans, not with ourselves,” Pelosi said last week when asked about negotiations on the next package.

Some top Democrats, including Hoyer, have privately and publicly disagreed with Pelosi, however. Hoyer said Wednesday that he was pushing for a vote next week on a new Democrat-led bill to reflect the party’s willingness to negotiate, even if the Senate GOP again ignores it.

“I am hopeful and believe that we should pass an alternative which deals with all the issues that we dealt with in ‘Heroes,’ albeit at lesser numbers and lesser time frames, and then we’ll see what happens in the election,” Hoyer told reporters Wednesday.

“People are really hurting,” he said, adding that Democrats’ “best politics” would be to put forward another bill before departing for the October recess.

Victoria Guida contributed to this report.

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Sports Stars, Actors And “High-Value” Business Travellers Returning To England Will No Longer Have To Self-Isolate

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From Saturday certain business travellers will no longer have to self-isolate when they arrive back into England (PA)


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Grant Shapps has revealed “high-value” business travellers are part of a new group of people who will not have to quarantine when they return to England after traveling to countries outside of coronavirus travel corridors.

The transport secretary said recently signed sports stars, performing arts professionals, TV production staff and journalists will also be exempt from the 14-day self-isolation period even if they have visited a destination where people are required to quarantine on return.

The move, which will come into force from 4am on Saturday, was recommended by the Government’s Global Travel Taskforce, which warned that business travel would be particularly slow to recover. 

Announcing the news on Twitter, Mr Shapps wrote: “New Business Traveller exemption: From 4am on Sat 5th Dec high-value business travellers will no longer need to self-isolate when returning to ENGLAND from a country NOT in a travel corridor, allowing more travel to support the economy and jobs. Conditions apply.

“From 4am on Sat 5th Dec certain performing arts professionals, TV production staff, journalists and recently signed elite sportspersons will also be exempt, subject to specific criteria being met.”

The news follows the government’s ‘Test to Release’ plan to cut the 14-day quarantine period to five days .

It means anyone arriving in the UK from a high-risk destination after 15 December will be able to leave isolation if they pay for a Covid-19 test after the fifth day and it comes back negative.

But as most inbound business travellers spend fewer than three days here that policy was unlikely to help revive this type of travel, which accounted for 22% of inbound visits a year before the pandemic, and contributed £4.5billion to the UK economy.

The department for transport has also revealed a “high-value” business trip must be one that “creates or preserves 50+ UK jobs”, but further guidance will be revealed before the plan comes into force.

In a statement it said: “Public Health England do not anticipate these changes will raise the risk of domestic transmission, due to the protocols being put in place around these exemptions, however all exemptions will remain under review.”

Mr Shapps also confirmed this evening that no destinations have been added or removed from the UK’s existing travel corridors list.



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Covid: Are countries under pressure to approve a vaccine?

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The claim that Brexit allowed the UK to approve the vaccine faster than other European countries has been disproved but it does reflect once again a different path Britain is taking. All EU countries have the option to follow the UK example and let their domestic drug regulator issue emergency approval, but the bloc says it wants to wait for the European Medicines Agency to give the green light on all their behalf. Germany, backed by Denmark and others, believes this maximises safety, allows a co-ordinated rollout, boosts public trust in the vaccine and ensures no country is left behind.

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US bill that could remove Chinese firms from stock exchanges is now on Trump’s desk

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The House of Representatives on Wednesday passed a bill that would prevent companies that refuse to open their books to US accounting regulators from trading on US stock exchanges. The legislation won unanimous backing in the Senate earlier this year, meaning it only needs President Donald Trump’s signature to become law.

The bill would apply to any foreign company, but the focus on China is obvious. Beijing has resisted such scrutiny. It requires companies that are traded overseas to hold their audit papers in mainland China, where they cannot be examined by foreign agencies. All US-listed public companies would also be required to disclose whether they are owned or controlled by a foreign government, including China’s Communist party.

“US policy is letting China flout rules that American companies play by, and it’s dangerous,” Senator John Neely Kennedy said in a statement after the House vote.
The legislation would give Trump yet another way to put pressure on China before he leaves office in January. Washington has been ratcheting up its fight with Beijing this year as the two countries blame each other for starting and mishandling the coronavirus pandemic and clash over Hong Kong and alleged human rights abuses in Xinjiang. The Trump administration has targeted TikTok and forced Huawei into a fight for survival, and banned Americans from investing in some Chinese firms.
Several Chinese companies have been preparing contingency plans in light of the heightened scrutiny from the United States. Earlier this year, gaming company NetEase (NTES) and e-commerce firm JD.com (JD), both of which trade in New York, acknowledged the tensions as they announced secondary listings on the Hong Kong stock exchange. Other companies that could be affected include Alibaba (BABA) and China Telecom (CHA).

“Enactment of any of such legislations or other efforts to increase US regulatory access to audit information could cause investor uncertainty for affected issuers, including us, the market price of our [US shares] could be adversely affected, and we could be delisted if we are unable” to meet requirements in time, JD said in filings to the US Securities and Exchange Commission.

Beijing has made its dissatisfaction with the US legislation evident. Asked Wednesday about the House vote, Ministry of Foreign Affairs spokesperson Hua Chunying said “we firmly oppose politicizing securities regulation.”

“We hope the US side can provide a fair, just and non-discriminatory environment for foreign companies to invest and operate in the US, instead of trying to set up various barriers,” Hua told reporters.

Should the bill become law, its immediate consequences aren’t entirely clear. Analysts at Goldman Sachs pointed out in a research note earlier this year that the legislation would only force businesses to de-list if they could not be audited for three consecutive years.

Still, even the potential for tighter regulatory scrutiny was likely to push more companies to dual list in Hong Kong, the analysts added.

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