The OECD said there "would be a clear immediate boost from stimulus payments to households" from the $1.9 trillion support package.
President Biden reiterated his support for a $US15 minimum wage on Tuesday. Some minimum-wage workers have been campaigning for the raise for years. Workers and economists say Biden isn’t just right on moral grounds – it’s good for the economy, too. Visit the Business section of Insider for more stories. […]
"President Biden is right: nobody who goes to work every day should still live in poverty," Sylcoria Carroll, a McDonald's worker, said.
"We're at $7.25 an hour. No one should work 40 hours a week and live in poverty," President Joe Biden said on Tuesday.
David Kelly, chief global strategist at JPMorgan Funds, wrote that President-elect Biden’s new stimulus could curb unemployment. A simulation of the plan found that unemployment could dip below 5% by the end of the year, Kelly wrote in a research note. Down from a pandemic peak of 14.7%, December’s unemployment […]
US stocks closed at record highs on Friday after President-elect Joe Biden demanded trillions of dollars in immediate further fiscal support following the weaker-than-expected jobs report. American businesses shed 140,000 nonfarm payrolls last month, missing consensus economist estimates that foresaw 50,000 job additions. Watch major indexes update live here. US […]