Whether it can muster Republican support will depend in large part on how the bill is paid for.Officials have discussed offsetting some or all of the infrastructure spending by raising […]
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Back to news homeEmpty 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 […]
Your Monday Briefing
Europe’s ‘mental health pandemic’With coronavirus restrictions in European countries set to drag into the spring or perhaps longer, health professionals fear the deteriorating mental state of young people, who they […]
SEC issues statement on past week’s turbulent market activity prompted by Reddit-fueled GameStop run
The U.S. Securities and Exchange Commission (SEC) has issued an official statement on the tumult of the past week in the public stock market. It’s a relatively brief statement and […]
‘We Need to Stabilize’: Big Business Breaks With Republicans
But last week seemed to be a breaking point. Big business could evidently tolerate working with Mr. Trump despite his chauvinism, his flirtations with white nationalism and his claims of […]
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 […]
Even With $900 Billion Stimulus, Biden Faces Fragile Economy
With his presidential inauguration just weeks away, Joseph R. Biden Jr. is confronting an economic crisis that is utterly unparalleled and yet eerily familiar.Millions of Americans are out of work, […]
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 […]
Section 230 is threatened in new bill tying liability shield repeal to $2,000 checks
Tech got dragged into yet another irrelevant Congressional scuffle this week after President Trump agreed to sign a bipartisan pandemic relief package but continued to press for additional $2,000 checks […]
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 […]