The $ 1.9 billion stimulus package recently passed by the U.S. Congress won’t spur persistently higher inflation, said Federal Reserve Vice Chairman Richard Clarida on Thursday. The Fed and other forecasts “do not see this package — over a three-to-five year period — as putting undesirable upward pressure on inflation,” …
Read More » There was drama Friday in the Senate’s vote-a-rama. What Democrats had billed as the last step before Senate passage of the massive $ 1.9 trillion coronavirus economic package — a marathon series of rapid-fire amendment votes called vote-a-rama that was expected to last into Saturday — stalled out early, raising …
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House Democrats hope to clear President Joe Biden’s $ 1.9 trillion economic package late Friday and send it on to the Senate, where it will face some changes. While Biden and House Democrats had hoped to use the bill — which will be immune to filibuster in the Senate — …
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“ ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ ” — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Joe Biden said he will call for $ 1,400 stimulus checks and more vaccine funds as part of a $ …
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