WASHINGTON—Treasury Secretary Janet Yellen on Saturday said she never pushed for cuts to President Joe Biden’s $1.9 trillion American Rescue Plan (ARP), rebutting a media report in which a biographer was quoted as saying she favored scaling it back to avoid inflation. “I never urged adoption of a smaller American Rescue Plan package, and I…
Yellen Denies Report That She Pushed for a Smaller COVID-19 Relief Package
Newsom Proposes $18 Billion Relief Package to Offset Inflation
May 12, 2022
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CaliforniaCalifornia Gov. Gavin NewsominflationLocal NewsNorthern CaliforniaOrange County CommunityRegional NewsRegional-Local Newsrelief packageSouthern CaliforniaSouthern California OC NewsUS
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SACRAMENTO—As inflation increases, Gov. Gavin Newsom proposed an $18.1 billion Inflation Relief Package May 12 that includes direct payments to state residents. “This inflation relief package will help offset the higher costs that Californians are facing right now and provide support to those still recovering from the pandemic,” Newsom said in a statement. The following…
Short-Term ‘Help’ Is Doing Long-Term Harm to the Economy, Killing Small Businesses
Commentary The mounting evidence can no longer be ignored. Unsubstantiated and politically motivated COVID-19 lockdown policies and imprudent relief measures are causing serious, lasting damage to the foundations of American economic prosperity. Having brought the economy to its knees through unwarranted and undependable lockdown measures that forced millions of Americans out of work and forced…
NTD Business Full Broadcast (Mar. 10)
The stock market seems happy with more stimulus on the way. But with company valuations at now historic highs, is there still opportunity for old-fashioned value investing? Gas Prices Rising, and could go even higher this summer. What’s causing the price hike? The Heritage Foundation’s Index of Economic Freedom says America is less economically free…
NTD Business Full Broadcast (March 10)
The stock market seems happy with more stimulus on the way. But with company valuations at now historic highs, is there still opportunity for old-fashioned value investing? Gas prices are rising and could go even higher this summer. What’s causing the price hike? The Heritage Foundation’s Index of Economic Freedom says America is less economically…
House Passes $1.9 Trillion COVID-19 Relief Bill
The House of Representatives in the early hours of Saturday passed their $1.9 trillion relief package that closely resembles Biden’s America Rescue Plan. It now moves to the Senate for another vote. The package includes $1,400 direct payments to most Americans and a $20 billion plan to vaccinate against the CCP (Chinese Communist Party) virus,…
House GOP Leadership Recommends ‘No’ Vote on Biden’s Proposed COVID-19 Relief Bill
House Republican leadership is recommending a “no” vote on a $1.9 trillion COVID-19 relief bill spearheaded by Democrats that closely resembles President Joe Biden’s proposed stimulus plan, House Republican Whip Steve Scalise (R-La.) said in an email to his caucus on Friday. “Leadership recommends a NO vote,” Scalise wrote in an email obtained by The Hill. The bill, packaged together…
Biden: Governors, Mayors Need $350 Billion to Fight COVID-19
President Joe Biden on Friday talked about pushing a $350 billion financial relief from the COVID-19 pandemic to state and local governments.
US Third-Quarter GDP Growth Revised Slightly Higher; Momentum Waning
December 22, 2020
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Businessconsumer spendingeconomic recoveryEconomieseconomygdp growthpandemic reliefrelief packageU.S. economyUS
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WASHINGTON—The U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief, the government confirmed on Dec. 22, but appears to have lost momentum as the year draws to an end amid raging new COVID-19 cases and dwindling fiscal stimulus. The economy plunged into recession in…
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