Top Economist Leaves White House, and an Economy Not Yet ‘Normal’
Posted inBiden, Joseph R Jr Coronavirus (2019-nCoV) Labor and Jobs National Debt (US) Recession and Depression Rouse, Cecilia E United States Economy United States Politics and Government White House Council of Economic Advisers

Top Economist Leaves White House, and an Economy Not Yet ‘Normal’

Cecilia Rouse says lingering effects of the coronavirus pandemic continue to haunt the recovery from recession — and drag on Americans’ optimism for the economy.
Double-Barreled Economic Threat Puts Congress on Edge
Posted inBanking and Financial Institutions Biden, Joseph R Jr Democratic Party Emergency Economic Stabilization Act (2008) Federal Budget (US) Federal Reserve System House of Representatives Inflation (Economics) Interest Rates Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Republican Party Schumer, Charles E Senate Shutdowns (Institutional) United States Economy United States Politics and Government

Double-Barreled Economic Threat Puts Congress on Edge

Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
Posted inBiden, Joseph R Jr Federal Budget (US) High Net Worth Individuals National Debt (US) Tax Credits, Deductions and Exemptions Taxation United States Economy United States Politics and Government

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich