That’s essentially what has happened in the last few decades as China has gone from being isolated to being deeply integrated in the world economy. When the country joined the […]
Federal Budget (US)
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Back to news homeVirus Did Not Bring Financial Rout That Many States Feared
Windfalls for Some StatesIn his survey, Peter DeGroot, head of municipal research and strategy at J.P. Morgan, found a handful of states, including Idaho, South Dakota and New Mexico, that […]
Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021
WASHINGTON — As top Democrats continued to push a $1.9 trillion economic aid package through the House, some lawmakers and aides to President Biden raised the prospect of borrowing even […]
C.B.O. Report Says U.S. Economy Is Healing, But Workers Have A Ways to Go
WASHINGTON — The United States economy will return to its pre-pandemic size by the middle of this year, even if Congress does not approve any more federal money to aid […]
Biden Wants to Raise Taxes, Yet Many Trump Tax Cuts Are Here to Stay
During the presidential campaign, Mr. Biden proposed trillions of dollars in tax increases on corporations and the rich, but his plans stopped short of a full repeal of Mr. Trump’s […]
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 […]
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 […]
Biden Expected to Name Top Economic Officials This Week
WASHINGTON — President-elect Joseph R. Biden Jr. is expected to name top members of his economic team this week, including Cecilia Rouse, a Princeton labor economist, to run the Council […]
Yellen Would Assume Vast Policy Portfolio as Treasury Secretary
WASHINGTON — Janet L. Yellen’s expected nomination as Treasury secretary will place the former Federal Reserve chair into a critical role overseeing President-elect Joseph R. Biden Jr.’s economic and national […]
Economic Risks Are High as Chances for Quick Stimulus Narrow
WASHINGTON — Two of the world’s most powerful central bankers said on Thursday that economic risks from the coronavirus remain high, and they cautioned against putting too much faith in […]