Biden unveils 1.9 trillion plan to fight pandemic and recession
President elect Joe Biden proposes a 1.9 trillion package to accelerate vaccines, provide 1400 direct payments, raise the minimum wage, expand unemployment aid, aid states and localities, and extend child and family supports. The plan aims to curb COVID-19 and lift the economy with immediate relief and a future recovery package.
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Joe Biden
Nation
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Pwc
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Trump
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U.S
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United States
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Syracuse University
Gene Sperling
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National Economic Council
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Georgia
Powell says Fed will signal tapering well in advance
Fed Chair Jerome Powell told a Princeton discussion that tapering asset purchases would be communicated clearly and far in advance when the economy shows substantial progress. He noted policy remains supportive with $120 billion monthly bond purchases and rates near zero, and cautioned rates will rise only after inflation exceeds 2 percent for some time.
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Washington
Federal Reserve
Jerome Powell
Fed
U.S
Princeton University
Powell
Late drop in Big Tech weighs on major indexes
Wall Street ended largely lower after a late afternoon pullback led by Apple and Microsoft, dragging the S&P 500 0.4 percent lower to 3795.54. The Dow fell 0.2 percent to 30991.52 and the Nasdaq slipped 0.1 percent to 13112.64, while small caps climbed on optimism about the economy and vaccines.
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Ross Mayfield
Baird
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Express
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Apple Inc
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Jaguarl
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