Let's start the day with some news! Get your coffee ready and take a look at the Top 5 news of the day!
Good morning! It's time to check out the main news you need to know before starting your day! Read the Top 5 news of the day.
The things you should know before you finish your coffee are related to the crisis triggered by the Coronavirus pandemic, the debate about a second stimulus package and the questioning of Big Tech CEOs at Congress. Take a look at our news selection!
- The CEOs of Big Tech were questioned by Congressional lawmakers regarding allegations of monopolistic practices. Facebook's Mark Zuckerberg, Amazon's Jeff Bezos, Google's Sundar Pichai and Apple's Tim Cook participated at a hearing before the House Judiciary subcommittee on antitrust. Learn more about the hearing here.
- Democrats and Republicans are finally debating a new relief bill and they are on crunch time to get help to American homes as new cases of COVID-19 surge nationwide and most benefits of the CREAS Act have ended or are ending soon. Read on about the debate here.
- Back in March, there was left a loose end in the coronavirus relief law that could cost small businesses $120 billion in taxes. Now, lawmakers are trying to fix this issue in the Paycheck Protection Program. Learn more about this here.
- The Commerce Department will unveil its GDP report and it's expected to show the sharpest contraction in modern American history. Between April and June, the coronavirus pandemic has had a heavy impact on the US economy. Read on about the report here.
- Earlier this week, Senate Republicans presented a new Coronavirus relief proposal that plans to reduce the enhanced unemployment benefit set by the CARES Act to a $200-a-week subsidy through September. There are some groups that could suffer this unemployment benefit plan the most. Here you will find the details.