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Fifty Basis Points To Disaster

Fifty Basis Points To Disaster Authored by MN Gordon via EconomicPrism.com, Fiscal stimulus, including the latest $1.9 trillion American Rescue Plan Act, is a terrible joke.  And the means for financing it is a .....»»

Category: dealsSource: nytMar 14th, 2021

: Biden stimulus will give a major boost to the global recovery, OECD says

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......»»

Category: topSource: marketwatchMar 9th, 2021

Senate Democrats broker last-minute deal on unemployment benefits, clearing major hurdle for $1.9 trillion stimulus plan

Sen. Joe Manchin had opposed a Democratic plan on unemployment aid, derailing stimulus debate for hours. He sup.....»»

Category: worldSource: nytMar 5th, 2021

Senate Democrats prepare to advance the $1.9 trillion stimulus plan without a $15-an-hour minimum wage

Democratic efforts to salvage the wage increase with a new tax plan collapsed over the weekend as Senate Democrats gear up to pass the stimulus bill. Senate Democrats including Sen. Majority Leader Chuck Schumer. Pho.....»»

Category: topSource: businessinsiderMar 1st, 2021

Capitol Report: Minimum wage question latest hurdle for $1.9 trillion Democratic stimulus plan

Congressional Democrats are prepping their legislative package to carry out President Joe Biden's $1.9 trillion coronavirus stimulus plan with an eye to getting it passed by the middle of next month......»»

Category: topSource: marketwatchFeb 24th, 2021

The $15 minimum wage poses a major hurdle for Senate Democrats as they race to pass the $1.9 trillion stimulus

The path ahead for a $15 minimum wage increase is jeopardized by the lack of support from several key Democratic senators such as Joe Manchin. Sen. J.....»»

Category: topSource: businessinsiderFeb 24th, 2021

The minimum wage hike Biden ran on is unlikely to be in the $1.9 trillion stimulus package because of 2 centrist Democrats

Two key Democratic Senators, Manchin of West Virginia and Kyrsten Sinema of Arizona, are opposed to including the wage increase.....»»

Category: smallbizSource: nytFeb 22nd, 2021

Yellen Tells G-7 "Time To Go Big Is Now" In Her First Virtual Meeting

Yellen Tells G-7 "Time To Go Big Is Now" In Her First Virtual Meeting Because in some bizarro universe, the $30 trillion in fiscal and monetary stimulus injected in the past ye.....»»

Category: blogSource: zerohedgeFeb 12th, 2021

Pelosi is doubling down on passing the Biden stimulus package by early March. Here"s the Democratic calendar for approving coronavirus relief.

Democrats set up an aggressive timeline to enact Biden's $1.9 trillion economic aid package, which includes.....»»

Category: dealsSource: nytFeb 11th, 2021

10 GOP Senators plan to propose a new compromise COVID-19 bill which would shrink direct payments to Americans from $1,400 to $1,000

The proposed $600 billion stimulus package would be smaller than the $1.9 trillion plan envisioned by President Joe Biden and most Democratic leaders. Sen. Susan Collins (R-Maine) speaks with Sen. Rob Portman (R-Ohio) in the Capito.....»»

Category: dealsSource: nytJan 31st, 2021

Joe Biden wants to go big with a multi-trillion-dollar stimulus package. But his economic agenda is about to collide against a Democratic drive to impeach Trump.

Biden is assembling a large coronavirus relief package that will likely include $2,000 stimulus checks and federal unemployment benef.....»»

Category: worldSource: nytJan 11th, 2021

Stimulus Shock: Democratic Senator Manchin Will "Absolutely Not" Support Biden $2,000 Stimulus Checks, Crashing "Blue Wave"

Stimulus Shock: Democratic Senator Manchin Will "Absolutely Not" Support Biden $2,000 Stimulus Checks, Crashing "Blue Wave" Wall Street - which is now certain that the Democratic sweep will lead to trillions in new stimulus (Goldman ye.....»»

Category: worldSource: nytJan 8th, 2021

Stocks open higher as Dow looks to extend advance into record territory

U.S. stocks moved higher at the start of Thursday's session as investors discounted the riots in Washington D.C. and instead looked forward to the potential for more fiscal stimulus under a Democratic-controlled Cong.....»»

Category: topSource: marketwatchJan 8th, 2021

Bitcoin crosses $35,000 for the first time as trading volume skyrockets to record high

As bitcoin soared to a $35,000 high, economists suggest a Democratic Senate would spark a new round of fiscal stimulus, crimping demand for the dollar .....»»

Category: dealsSource: nytJan 6th, 2021

Bitcoin crosses $35,000 for the first time as trading volumes skyrocket to record high after Democrats win Senate

As bitcoin soared to a $35,000 high, economists suggest a Democratic Senate would spark a new round of fiscal stimulus, crimping demand for the dollar .....»»

Category: topSource: businessinsiderJan 6th, 2021

Analysis: When $8 trillion in global fiscal stimulus still isn’t enough

As governments dedicate more than $8 trillion to fight the coronavirus pandemic, a further widening in the gap between rich and poor countries threatens to exacerbate the global economy’s pain......»»

Category: topSource: moneycentralApr 23rd, 2020

CBO says stimulus to swell 2020 budget gap by $1.6 trillion

The federal government’s massive stimulus to cushion Americans and businesses from the coronavirus is forecast to swell the U.S. federal budget deficit by $1.6 trillion during this fiscal year, the Congressional Budget Office said Thursday......»»

Category: topSource: moneycentralApr 16th, 2020

CBO says stimulus to swell 2020 US budget gap by $1.6 trillion

The federal government’s massive stimulus to cushion Americans and businesses from the coronavirus is forecast to swell the U.S. federal budget deficit by $1.6 trillion during this fiscal year, the Congressional Budget Office said Thursday......»»

Category: topSource: moneycentralApr 16th, 2020

Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don"t Get What They Want

Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don't Get What They Want Unlike the Phase 3 of the fiscal stimulus, which represented $2.2 trillion in bailout aid for America's small .....»»

Category: blogSource: zerohedgeApr 8th, 2020

The watchdogs overseeing the $2.3 trillion U.S. bailout

Who's watching over the U.S. government's largest bailout in history - the $2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?.....»»

Category: topSource: reutersApr 3rd, 2020