News

Treasury Secretary Janet Yellen says workers earning up to $60,000 a year should receive stimulus checks under the White House’s proposed $1.9 trillion relief package

Treasury Secretary Janet Yellen said US workers earning up to $US60,000 should get direct payments. The question of who should receive payments under Biden’s relief package is a key debate in Congress. If Biden’s $US1.9 trillion package is passed, the US would return to full employment by 2022, Yellen said. […]
Treasury Secretary Janet Yellen says workers earning up to $60,000 a year should receive stimulus checks under the White House’s proposed $1.9 trillion relief package
News

Treasury Secretary Mnuchin expects direct stimulus checks to be released next week, says he ‘couldn’t be more pleased’ about deal

Americans who qualify for the next set of economic relief payments could see direct deposits arrive as soon as next week, Treasury Secretary Steven Mnuchin said Monday. Congressional leaders on Sunday struck a deal on a $US900 billion stimulus bill that includes $US600 payments, bolstered unemployment benefits, and small-business aid. […]
Treasury Secretary Mnuchin expects direct stimulus checks to be released next week, says he ‘couldn’t be more pleased’ about deal
Markets

Dow climbs 310 points as investors cheer transition to Biden administration

US equities gained on Tuesday as the General Services Administration’s ascertainment of a Biden victory lifted investor sentiments. The GSA announced Monday afternoon it will provide President-elect Biden with the “resources and services” needed to start his transition to the White House. The move is the clearest sign yet that […]
Dow climbs 310 points as investors cheer transition to Biden administration
Markets

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He’ll be happy to have Janet Yellen as treasury secretary

Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary. The billionaire investor and Berkshire Hathaway CEO praised the former Federal Reserve chief in 2014, and will likely support her efforts to stimulate the US economy, boost employment, and combat income inequality. “I […]
Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He’ll be happy to have Janet Yellen as treasury secretary