The so-called bond vigilantes may be back, 30 years after they led a sell-off in Treasury securities over the prospect of higher government spending by a new Democratic administration.The Federal […]
American Rescue Plan (2021)
Trending topics and news from the American Rescue Plan (2021) category
Back to news homeIf the Economy Overheats, How Will We Know?
“I don’t think anyone will be too surprised to see massive airfare inflation” in the short term, for example, as the economy reopens, said Wendy Edelberg, director of the Hamilton […]
How Stimulus Checks Are Driving a Stock Buying Spree
The current crisis started this way, too. In February and March last year, the S&P 500 plunged nearly 34 percent as panicked investors sold shares. The market began reversing course […]
Treasury Ramps Up Racial Equity Review as It Deploys Relief Funds
WASHINGTON — The Treasury Department is moving ahead with a formal racial equity review of the agency and its programs, putting in place an effort to ensure that economic fairness […]
How the U.S. Got It (Mostly) Right in the Economy’s Rescue
“Now that we need them, there’s no freaking help,” he said.Research from Eliza Forsythe, an economist at the University of Illinois, found that from June until Feb. 17, only 41 […]
Two Decades After the ‘End of Welfare,’ Democrats Are Changing Direction
WASHINGTON — A quarter-century ago, a Democratic president celebrated “the end of welfare as we know it,” challenging the poor to exercise “independence” and espousing balanced budgets and smaller government.The […]
A Last-Minute Add to Stimulus Bill Could Restrict State Tax Cuts
WASHINGTON — A last-minute change in the $1.9 trillion economic relief package that President Biden signed into law this week includes a provision that could temporarily prevent states that receive […]
The Relief Bill Will Save Tens of Thousands of Airline and Airport Jobs
The pandemic relief bill that President Biden signed Thursday afternoon will protect tens of thousands of aviation jobs, providing a lifeline to an industry that is likely to struggle for […]
Why $4-a-Gallon Gas May Be Coming Your Way This Summer
HOUSTON — Even as oil and gasoline prices rise, industry executives are resisting their usual impulse to pump more oil out of the ground, which could keep energy prices moving […]
Inflation Fear Lurks, Even as Officials Say Not to Worry
While the Biden administration’s ambitious effort to salve the pandemic’s deep economic wounds made its way through Congress, proponents insisted that funneling $1.9 trillion to American households and businesses wouldn’t […]