• With polls increasingly signaling a victory for Joe Biden in the presidential race, investors should shift their focus to Senate races, Morgan Stanley said Wednesday.
  • Senate election outcomes “will mean the difference between substantial fiscal expansion and fiscal gridlock,” strategists led by Michael Zezas wrote in a note to clients.
  • Treasuries and West Texas Intermediate crude oil are least priced for a so-called blue wave, the bank said.
  • A Democratic sweep could temporarily drag stocks lower and create a “potential dip-buying opportunity,” the team added.
  • Visit Business Insider’s homepage for more stories.

November’s Senate elections will determine whether investors can look forward to a wave of new fiscal relief or face a prolonged legislative stalemate, Morgan Stanley strategists said Wednesday.

Polls and prediction markets have increasingly pointed to a victory for Joe Biden in the presidential race. Republicans would need a “game-changing event” to keep

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ROUND ROCK, Texas, October 13, 2020 (LifeSiteNews) — The founder of an organization dedicated to getting abortion facility staffers out of the business has publicly advocated for Amy Coney Barrett’s confirmation to the Supreme Court.

“On behalf of the more than 550 abortion clinic workers we have helped quit the abortion industry,” Abby Johnson wrote in a letter to the U.S. Senate Judiciary Committee, “we urge you to support the confirmation of Judge Amy Coney Barrett to the United States Supreme Court.” Johnson is the founder and chief executive officer of And Then There Were None, “a registered nonprofit organization that exists to help abortion clinic workers leave the abortion industry,” according the group’s website. She spent many years working for Planned Parenthood, the United States’ largest abortion chain, and resigned in 2009 after using an ultrasound machine to assist at the abortion of 13-week-old baby.

Like many Democratic senators,

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Senate Majority Leader Mitch McConnell announced Tuesday that he plans to bring up a bill to fund the small business loan program next week.

He said the bill will include new funding for the popular small business Paycheck Protection Program.

“There is no excuse for Democrats to keep blocking job-saving funding for the Paycheck Protection Program while other conversations continue,” Mr. McConnell, Kentucky Republican, said in a statement. “Democrats have spent months blocking policies they do not even oppose. They say anything short of their multi-trillion-dollar wish list, jammed with non-COVID-related demands, is ‘piecemeal’ and not worth doing.”

“Republicans do not agree that nothing is better than something for working families,” he added.

With Republicans having only a narrow majority in the Senate, they’d need a handful of Democrats to join them in order to overcome another filibuster on this proposal.

The last time Senate Republicans brought up coronavirus relief

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  • Senate Majority Leader Mitch McConnell said Senate Republicans would vote on “targeted relief” with a focus on small business aid later this month.
  • “Our first order of business will be voting again on targeted relief for American workers, including new funding for the PPP,” McConnell said in a statement.
  • The statement carried few specifics and it was unclear whether the proposal would contain federal unemployment benefits or $1,200 direct payments for taxpayers.
  • Trump is increasing his calls for another large stimulus package ahead of the election, and it may put the president and Senate Republicans on a collision course.
  • Visit Business Insider’s homepage for more stories.

Majority Leader Mitch McConnell announced on Tuesday the Senate will vote on a “targeted relief” plan for people with an emphasis on small business aid shortly after they reconvene later this month. But that may put Senate Republicans on a collision course with President

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Senate Majority Leader Mitch McConnell on Tuesday said lawmakers would vote on a small businesses loan program to help firms damaged by the coronavirus pandemic, but the prospects for approval are dim.

Democrats and Republicans in Congress remain locked in a prolonged disagreement over how much additional stimulus is needed to support the economy, with Democrats holding out for a larger, broader package than the narrowly-focused measure McConnell proposed.

The Republican leader said senators would vote on adding more money to the Paycheck Protection Program (PPP), which provided hundreds of billions of dollars in loans and grants to small businesses but ran out of money in August.

“Republicans do not agree that nothing is better than something for working families,” McConnell said, without saying how much the proposal would cost.

“The American people need Democrats to stop blocking bipartisan funding and let us replenish the PPP before more Americans lose

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With just weeks to go before the November election, a sleeper U.S. Senate race in a deeply Republican state is starting to garner some attention.

A poll released on Sept. 28 showed Alaska Republican Sen. Dan Sullivan with a razor-thin 1 point lead over his main challenger, Al Gross, an orthopedic surgeon. 

While Gross is technically an independent, Democrats are backing him as part of the party’s efforts to gain a majority in the closely divided Senate. And their battle has been roiled by a series of controversies, including leaked videos and a dispute over an alleged bear attack. 

Senator Dan Sullivan (R-AK) speaks during a Senate Armed Services hearing on Capitol Hill in Washington, DC, U.S. May 7, 2020. (Al Drago/Pool via reuters)
Sen. Dan Sullivan, R-Alaska, at a Senate Armed Services Committee hearing on May 7. (Al Drago/Pool via Reuters)

Gross, whose father was the state’s Democratic attorney general in the 1970s, has leaned on his colorful background in his effort to unseat Sullivan. His ads have described him as having been “born

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To the Editor:

As our Senator, Bill Gannon worked with Governor Sununu to deliver for New Hampshire. Bill Gannon is a strong independent conservative leader with a record of getting things done for New Hampshire families! Together, Gannon and Sununu delivered a balanced budget with no new taxes or fees. They grew our economy and helped create jobs through business tax cuts. Gannon and Sununu expanded school choice and helped make college more affordable with $5 million in new UNH scholarships. They protected our elections by ensuring only New Hampshire residents vote in our elections.

With extreme Democrats like Jon Morgan in the state Senate voting to enact an income tax with SB-1 and trying to buy our elections with dark money, all these accomplishments are in jeopardy. That’s why we must re-elect Bill Gannon to the Senate.

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Getty

House Democrats are calling for another round of stimulus checks in their new $2.2 trillion proposal.

Will there be a second COVID-19 stimulus relief plan, including a second round of stimulus checks? The chances for it diminished on October 10. That’s when the White House sweetened the pot to $1.8 trillion, but it didn’t go anywhere. What gives? Who’s responsible for the fact you haven’t gotten a second stimulus check yet?

The answer is both sides. House Speaker Nancy Pelosi rejected the offer saying it didn’t do enough. However, she’s not the only opponent. Senate Republicans aren’t coalescing around that amount either. They think it’s too much.

White House economic adviser Larry Kudlow went on the Sunday talk shows and insisted the deal wasn’t dead. He believes Republicans will come around if Democrats do. That’s an open question, of course.

“No, I don’t think it’s dead at all,” said

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President Trump’s economic adviser Larry Kudlow said Sunday that Senate Republicans will “go along with” the $1.8 trillion White House stimulus proposal despite their vocal pushback.



Lawrence Kudlow wearing a suit and tie: Trump economic adviser: Senate Republicans will 'go along with' White House stimulus proposal despite their pushback


© Aaron Schwartz
Trump economic adviser: Senate Republicans will ‘go along with’ White House stimulus proposal despite their pushback

Kudlow told CNN’s “State of the Union” that the White House expects support from Republicans in the upper chamber. A source told The Hill on Saturday that several senators expressed “significant concerns” about the proposal’s cost in a call with administration officials.

The White House economic adviser said on Sunday he does not think the coronavirus stimulus bill is “dead.”

“Republicans in the Senate put up their own bill a few weeks ago and got 53 votes, I think it was, so they united,” he said. “I think if an agreement can be reached, they will go along with it.”

Kudlow also criticized Democrats,

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“It’s a money bomb,” said Jim Lottsfeldt, a veteran operative in the state.

Alaska offers Democrats another path to cobbling together the three seats they need to flip control of the Senate if Joe Biden wins the presidential race. And along with races in Kansas, Montana and South Carolina, the Alaska foray represents a major offensive into traditionally red states that are more competitive because of President Donald Trump’s sinking poll numbers.

The new super PAC, North Star, formed earlier this week, according to its Federal Election Commission filing, and went up on air Thursday with its first ad, which hits Sullivan on health care. The amount made it the largest spender on television in the race, though other outside groups have been there earlier.

“I think people were initially skeptical. It’s why we were kind of alone out there in investing in Alaska early on,” said Shaughnessy Naughton,

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