President Biden and his aides are basking in what is arguably the best run of economic data to date in his presidency. Inflation is cooling, business investment is rising, job […]
American Rescue Plan (2021)
Trending topics and news from the American Rescue Plan (2021) category
Back to news homeBiden Caps Two Years of Action on the Economy, With New Challenges Ahead
Mr. Biden finished 2022 in a celebratory mood, vacationing with his wife, Jill, daughter Ashley and grandchildren Hunter and Natalie in the Virgin Islands. Aides described him as being in […]
How New IRS Rules Could Affect Venmo, Zelle and CashApp Users
WASHINGTON — This year, Dennis Turbeville, a woodworker in Washington, used the mobile payment service Venmo to sell his wares, collect payments on a rental property and split personal expenses […]
Democrats Spent $2 Trillion to Save the Economy. They Don’t Want to Talk About It.
Polls show voters liked direct payments from President Biden’s 2021 economic rescue bill. But they have become fodder for Republican inflation attacks. Read More
White House Struggles to Talk About Inflation, the ‘Problem From Hell’
WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens uncomfortably often these days, the conversation came back to inflation.“He said with […]
Persistent Inflation Puts Yellen in the Spotlight
WASHINGTON — At her confirmation hearing in early 2021, Treasury Secretary Janet L. Yellen told lawmakers that it was time to “act big” on a pandemic relief package, playing down […]
Rapid Inflation, Lower Employment: How the U.S. Pandemic Response Measures Up
The United States spent more aggressively to protect its economy from the pandemic than many global peers, a strategy that has helped to foment more rapid inflation — but also […]
Covid Stimulus Money Brings Clashes Within Cities and Counties
Dutchess County residents were similarly agitated, if less rowdy, at their June 14 meeting about the stadium. Guidance on using the funds issued by the Treasury Department specifically cited stadiums […]
Black Farmers Fear Foreclosure as Debt Relief Remains Frozen
The legal limbo has created new and unexpected financial strains for Black farmers, many of whom have been unable to make investments in their businesses given ongoing uncertainty about their […]
Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.
The problem is that the alternative to a Fed response is, at the moment, not obvious. The Biden administration’s attempts at tamping down price increases — longer port hours, release […]