President Joe Biden’s proposed $1.9 trillion COVID-19 relief bill is fueling debate among economists about whether it will spark a nasty spike in inflation. The consensus view is that the Personal Consumption Expenditures (PCE) inflation rate—which is the measure that the Federal Reserve uses in its desired target of a 2 percent “average” rate for…
Some Economists Fear Biden’s $1.9 Trillion Relief Plan Could Spark Excessive Inflation
US to Return to Full Employment Next Year if Congress Passes $1.9 Trillion Relief Bill: Yellen
The United States will return to full employment in 2022 if President Joe Biden’s relief package is passed, Treasury Secretary Janet Yellen predicted Sunday. “I would expect that, if this package is passed, that we would get back to full employment next year,” Yellen said. Full employment refers to an economy in which the unemployment…
Yellen Says US Could Return to Full Employment Next Year if Congress Passes $1.9 Trillion Relief Bill
The United States could return to full employment in 2022 if Congress approves President Joe Biden’s relief package, Treasury Secretary Janet Yellen predicted on Feb. 7. “I would expect that, if this package is passed, that we would get back to full employment next year,” Yellen said on CNN’s “State of the Union.” Full employment…
Manchin Warns Democrats Against Pursuing a Pandemic Relief Bill With No GOP Support
Sen. Joe Manchin (D-W.Va.) warned fellow Democrats on Tuesday against pushing through a CCP virus relief bill with no input from Republicans and promised that his colleagues across the aisle would be involved as the legislation is drafted. “We’re going to make this work in a bipartisan way. My friends on the other side are…
Sen. Sanders: Democrats Have the Votes to Pass New Relief Bill
Sen. Bernie Sanders (I-Vt.) said Democrats now have the votes to pass another COVID-19 relief measure that could include stimulus checks. “Yes, I believe that we do because it’s hard for me to imagine any Democrat, no matter what state he or she may come from, who doesn’t understand the need to go forward right…
Budget Resolution to Hit House Floor Next Week, Setting Stage for Partisan Passage of Relief Bill: Pelosi
House Speaker Nancy Pelosi (D-Calif.) said Thursday that while she hopes Republicans in Congress will back President Joe Biden’s $1.9 trillion pandemic relief bill, she said Democrats are ready to adopt the sweeping legislation unilaterally as part of a budget reconciliation process and that a related budget resolution would be brought to the House floor…
Video: Live Q&A: Virus Relief Bill Accused by Trump of Wasteful Spending
Trump released a video on December 22 suggesting he will block the $900 billion virus Relief Bill unless Congress removes billions of dollars that would be sent to foreign countries and U.S. institutions unrelated to virus relief. Trump also criticized the bill for giving just $600 to the average American. In this live Q&A with…
Rand Paul: GOP Backing COVID-19 Relief Bill No Better Than the Democrats They Criticize
Sen. Rand Paul (R-Ky.) in a Senate floor speech Monday tore into fellow Republicans as they prepared vote on the $900 billion COVID-19 relief bill.
Mixed-Status Immigrant Families Eligible for Stimulus Checks Under New Relief Bill
Under the newly-passed $900 billion pandemic relief bill, U.S. citizens and green card holders who are married to illegal immigrants will now be eligible for stimulus checks that they were denied under the previous round of COVID-19 aid. Members of mixed-status households, meaning ones in which some members have Social Security Numbers (SSN) and some…
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