To determine if inflation is more than a temporary matter, Ms. Yellen is monitoring two key metrics: inflation expectations and wage increases for low-paid workers. Rising pay for the lowest-wage […]
American Rescue Plan (2021)
Trending topics and news from the American Rescue Plan (2021) category
Back to news homeRepublicans Push Biden to Divert Federal Aid for Infrastructure
WASHINGTON — From California to Virginia, many states that faced devastating shortfalls in the depths of the pandemic recession now find themselves flush with tax revenues because of a rebounding […]
Banks Fight $4 Billion Debt Relief Plan for Black Farmers
WASHINGTON — The Biden administration’s efforts to provide $4 billion in debt relief to minority farmers is encountering stiff resistance from banks, which are complaining that the government initiative to […]
As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges
WASHINGTON — Lawmakers have unleashed more than $5 trillion in relief aid over the past year to help businesses and individuals through the pandemic downturn. But the scale of that […]
Biden Defends Unemployment Benefits, Provided Workers Accept Job Offers
WASHINGTON — President Biden ordered the Labor Department on Monday to ensure that unemployed Americans cannot draw enhanced federal jobless benefits if they turn down a suitable job offer, even […]
U.S. Economy’s Strong Start Signals a Stellar Year
Consumers shook off the pandemic blues as 2021 began, putting stimulus checks to work buying cars and other goods and helping set the stage for what could be the fastest […]
Biden’s Spending Plans Could Start to Tackle Inequality
The coronavirus pandemic has threatened to rapidly expand yawning gaps between the rich and the poor, throwing lower-earning service workers out of jobs, costing them income, and limiting their ability […]
The Biden Administration Is Quietly Keeping Tabs on Inflation
“We think the likeliest outlook over the next several months is for inflation to rise modestly,” two officials at Mr. Biden’s Council of Economic Advisers, Jared Bernstein and Ernie Tedeschi, […]
Beyond Pandemic’s Upheaval, a Racial Wealth Gap Endures
“I want to emphasize that,” he added. “Through no fault of their own.”The pandemic has hit African-Americans and Latinos hardest on all fronts, with higher infection and death rates, more […]
The Biden Boom
Democrats are all agog that Biden was able to pass more stimulus dollars than Barack Obama. What will make a sustainable difference, though, is whether the Biden stimulus doesn’t just […]