News

Republicans in Congress are starting to oppose Biden’s $1.9 trillion economic rescue package, dampening odds of smooth passage for new stimulus checks

Republicans in Congress started criticising the Biden rescue plan on Friday. They railed against provisions to send stimulus checks and warned of a rising national debt. “Blasting out another $US2 trillion in borrowed or printed money.. would be a colossal waste and economically harmful,” Sen. Pat Toomey said. Many economists […]
Republicans in Congress are starting to oppose Biden’s $1.9 trillion economic rescue package, dampening odds of smooth passage for new stimulus checks
News

Trump is campaigning that he’s kept ‘every single one’ of his promises. Here are 5 kitchen-table economic pledges he’s failed to fulfil.

Summary List Placement President Donald Trump is campaigning that he’s kept “every single one” of his promises. He said as much during the recent Republican National Convention. “I did what our political establishment never expected and could never forgive, breaking the cardinal rule of Washington politics: I kept my promise,” […]
Trump is campaigning that he’s kept ‘every single one’ of his promises. Here are 5 kitchen-table economic pledges he’s failed to fulfil.
Markets

‘It’s absolutely a bad-faith argument’: Rep. Ocasio-Cortez slams Republicans for invoking the $25 trillion federal debt as a reason to restrain government spending

Rep. Alexandria Ocasio-Cortez tore into Republicans on Wednesday, saying they’re using the federal debt to restrain the government from helping average people. “They were not concerned about the deficit when they wanted half a trillion dollars that would be leveraged into $US4 trillion for Wall Street and their donor buddies,” […]
‘It’s absolutely a bad-faith argument’: Rep. Ocasio-Cortez slams Republicans for invoking the $25 trillion federal debt as a reason to restrain government spending
Markets

Former Fed Chair Janet Yellen says it’s OK for the US to add to its $23 trillion debt pile — as long as it’s used to pay for climate change and education programs

Former Federal Reserve chair Janet Yellen says the US can “afford” to increase its spending or cut taxes because it’s cheap to borrow with low interest rates. The additional room could give policymakers more leeway to spend more in infrastructure, education, combatting climate change and other programs to spur long-term […]
Former Fed Chair Janet Yellen says it’s OK for the US to add to its $23 trillion debt pile — as long as it’s used to pay for climate change and education programs