Trump relents as inexplicably as he resisted; COVID-19 help is back on, but not without problems…Read more
The impeached two-time popular vote loser released a video on Twitter calling on Congress to redo the bill and increase the “ridiculously low” $600 stimulus checks to $2,000 per person.Read more
Biden’s agenda for his first 100 days in office will, according to both those close to him and outside groups in contact with his top aides, center on two key avenues of action:
The passage of a broad economic aid package
A series of executive actions aimed at advancing his priorities where legislation is not necessary.
Containing the Covid-19 pandemic, launching an economic recovery and tackling racial inequality are his most urgent priorities, transition officials say.Read more
In fact, “all else equal, such a blue wave would likely prompt us to upgrade our forecasts,” Goldman Sachs chief economist Jan Hatzius wrote in a Monday report.Read more
Though the economy rebounded sharply in the months following the spring lockdown, the recovery seems to be running out of steam.
Economic indicators, such as retail sales or claims for jobless benefits, have been improving only gradually after bouncing back sharply in the spring.Read more
One of Biden’s advisers is Jared Bernstein. He told Politico that Biden expects the economy still in need of massive federal intervention after he presumably takes office in January.Read more
Crisis negotiations between the White House and top Democrats teetered on the brink of collapse on Friday, as both sides said they remained deeply divided on an economic recovery package and President Trump threatened to bypass Congress and act on his own to provide relief if no deal could be reached.Read more
POP CRAMPS: So while Trump fiddled for two months, then encouraged “reopening” beaches, gatherings, bars, and rallies, then poo-pooed mask wearing, the real economy fell into the toilet. Not just for the big companies, but also for the mom and pop shops, local restaurants, gyms, barber shops, offices, distributorships, creative agencies, and more that won’t be tallied until this thing is over.Read more
WASHINGTON (Reuters) – Battered by crisis after crisis, President Donald Trump appears to be in political peril as never before.SinceRead more
President Donald Trump has said he wants to halt immigration while Americans face staggeringly high unemployment levels as a result of the coronavirus pandemic — including temporary visas for skilled foreign workers and for foreign students who went to college in the US.Read more