Mitch McConnell claims Biden"s stimulus benefits are setting back the economic recovery

Mitch McConnell's comments set the stage for Democrats to bypass the GOP on a follow-up economic recovery bill, similar to the stimulus. Senate Minority Leader Mitch.....»»

Fed research suggests stimulus may not fuel a spending boom while jobless claims remain high. Companies may have little incentive to hire more. Manager Cynthia Martinez converses with guests at El Rio, located at 3158 Mission St.,.....»»

The Senate Minority Leader said last week said Democrats were trying to take credit for an economic recovery that began under President Trump. His remarks have been criticized. Senate Minority Leader Mitch McConnell on Thursday. J. Scott Applewhi.....»»

Without a sufficient pandemic relief package, economic recovery will be slow and unemployment will remain elevated through 2025, Yellen said Sunday. Without the bill, recovery could p.....»»

Democrats on the House Ways and Means Committee want to continue delivering stimulus and unemployment aid to sustain the economic recovery. Economic stimulu.....»»

Applications for U.S. unemployment benefits fell last week to a fresh pandemic low, reflecting more aggressive efforts by companies to hire new workers amid a rapid economic recovery. Initial jobless claims in the states dropped by 34,000 to 473,000......»»

The lower-than-expected tally fueled hopes that the economy was rebounding as vaccinations picked up and stimulus continued to reach U.S. households......»»

The American Rescue Plan stimulus package and broad economic optimism have helped businesses and consumers, but many Americans are still jobless......»»

The world economy is on track to be back to its pre-pandemic level by the middle of the year thanks to the $1.9 trillion fiscal stimulus package, the OECD said on Tuesday......»»

Biden needs to make sure that the economic benefit stays in the US economy instead of leaking out and muting the impact of the federal spending. D.....»»

The president makes the pitch for his $1.9 trillion plan in a prime-time town hall. Plus, Trump tears into Mitch McConnell. President Joe Biden at a CNN town hall on February 16, 2021. SAUL LOEB/AFP via Getty Images .....»»

Continuing claims, which count Americans receiving unemployment benefits, dipped to 4.6 million for the week that ended January 23. Paul Sakuma/AP Images .....»»

Republicans have already tabled at least 400 amendments to the budget resolution essential to passing President Biden's COVID-19 stimulus package. Senate Minority Leader Mitch McConnell. C-SPAN Mitch McConnell is b.....»»

The U.S. economy is set in 2021 to accelerate its recovery from the coronavirus-induced contraction of 2020, even without any further economic stimulus from Washington, the nonpartisan Congressional Budget Office said Monday......»»

U.S. stock benchmarks gave up early gains Thursday as investors ponder President Biden's prospects for combating the COVID-19 pandemic and boosting economic recovery with his legislative agenda......»»

President-elect Joe Biden is expected to expand child benefits to American households as part of his new economic stimulus package. Demetrius Freema.....»»

US stocks on Tuesday pulled back from record highs as hopes for $2,000 direct stimulus payments faded. Senate Majority Leader Mitch McConnell. Photo By Tom William.....»»

Mitch McConnell announced Republicans and Democrats had brokered a deal after months of off-again, on-again negotiations. From left to right: House Speaker N.....»»

U.S. stock index futures jumped on Thursday as a surprise rise in Chinese exports spurred hopes of a faster economic recovery, even as investors braced for data likely to show millions more Americans filed for unemployment benefits last week......»»

Samuel Corum/Getty Images A man in Illinois f.....»»