Biden’s spending plans collide with a resurgent U.S. economy
It’s the latest in a series of reports this week showing a resurgent economy, with consumer confidence jumping to levels
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Finance
‘Crazy things happen’: Biden’s next spending spree fuels a fight over risks
Among them is the long-held fear that massive spending — coupled with persistent easy-money policies from the Federal Reserve —
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Black workers, hammered by pandemic, now being left behind in recovery
The data has fueled fears that the nascent recovery will not be evenly shared, a dynamic that would exacerbate income
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Fed sees U.S. economic growth surging to 6.5 percent this year
Despite the surge in growth, the Fed isn’t in any hurry to raise borrowing costs, projecting no interest rate increases
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Treasury secretary minimizes risk of inflation caused by Covid relief package
Yellen said the greater risk was in not bolstering the economy — saying the federal government needed to assist people
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Former Stockton Mayor Tubbs joins Newsom as economic adviser
“The governor and I are in agreement that economic gains and opportunity have to be broadly shared,” Michael Tubbs said.
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U.S. adds a strong 379,000 jobs in hopeful sign for economy
A year into the pandemic that triggered a violent recession, economists are increasingly optimistic that hiring will pick up in
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Biden’s bubble trouble: Frothy markets create new risks as economy recovers
The scenarios are hotly debated across Wall Street, and plenty of market professionals fear the market risks are among the
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Biden targets smallest businesses with exclusive aid window
While the Small Business Administration, which runs the PPP, has seen improvements in funds reaching smaller businesses, administration officials told
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Biden aims to isolate China on coal — but it could blow back on the U.S.
John Podesta, who led the Obama administration climate strategy and is close to Biden’s team, said the White House would
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