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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 […]




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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 […]




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Empty Office Buildings Squeeze City Budgets as Property Values Fall

WASHINGTON — At a meeting with Treasury Secretary Janet L. Yellen last month, Jeff Williams, the mayor of Arlington, Texas, laid out his grim economic predicament: Heavy spending on coronavirus […]




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A Second Economic Crisis for Biden, but a Different First Response

Mr. Biden has stressed that such aid will support increased consumer spending, but he and his team cast the goal of distributing the money in more human terms: to ensure […]




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The Markets’ Strange Disregard for the Chaos in Washington

UBS continued, “The tax hike is also likely to be smaller than the potential overall spending.” On balance, the report said, “With vaccination programs underway, we retain a positive longer-term […]







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As Some Deficit Hawks Turn Dove, the New Politics of Debt Are on Display

And while running big deficits might have once stoked fears about inflation — as too many dollars chased too few goods — price gains have been too low for comfort […]




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As Bills Pile Up, Many Anxiously Keep Tabs on the Stimulus Bill

“It’s the worst thing I could possibly imagine,” she said. “If you told me a year ago that the entire country would be suffering the way it is now, with […]




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How Heather Cox Richardson Became a Breakout Star on Substack

Dr. Richardson confounds many of the media’s assumptions about this moment. She built a huge and devoted following on Facebook, which is widely and often accurately viewed in media circles […]




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States Try to Rescue Small Businesses as U.S. Aid Is Snarled

Kirk Meurer was on track to have one of his best years ever in his business installing office furniture in the Cleveland area. But when companies began sending their workers […]