Highlight of the Week
Congress Enters Recess Without COVID Relief Deal
- Both Democrats and Republicans have introduced relief packages, however they disagree about the size of the deal.
- The House has been called back from recess for an emergency session, but the Senate remains in recess.
Rate Curves
Rapid Report:
Coronavirus Updates (as of Monday Night)
- COVID-19 has registered 22 million cases and 778,116 deaths worldwide. There are over 14.8 million recovered cases.
- The US has accounted for over 5.6 million cases and has surpassed 173,000 deaths. The US has registered over 2.9 million recovered cases.
- Georgia has almost 239,000 cases and 4,727 deaths.
American Express Acquires Kabbage
- Kabbage, a fintech specializing in cash flow management for small businesses, has entered an agreement to be acquired by American Express.
- Kabbage offers lines of credit, online bill payment, and visualization tools, and will be integrated into American Express’ existing platform.
Free Internet for 35,000 Philadelphia Families
- Philadelphia city officials have announced a $17m plan to provide free internet access to 35,000 low-income families that currently lack it. The plan will be paid for by philanthropic, school, and CARES Act funding. Some houses will be wired for broadband access via Comcast’s Internet Essential program, while others will get T-Mobil hotspots.
