Category: Economy

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Economists pan Pelosi’s proposal to elevate cap on state and native tax deductions in subsequent bailout

Economists pan Pelosi’s proposal to elevate cap on state and native tax deductions in subsequent bailout

Such a change would undoubtedly be a windfall largely for high earners, consultants say. And lifting the bounds retroactively, as Pelosi has steer [...]
Home to go $2 trillion coronavirus package deal — however not with out last-minute drama

Home to go $2 trillion coronavirus package deal — however not with out last-minute drama

A number of conservative hard-liners rushed to defend Massie, with Rep. Chip Roy (R-Texas) telling Trump to "again off." And the Home Freedom Cauc [...]
‘Simply harm containment’: Value of the coronavirus shutdown retains rising

‘Simply harm containment’: Value of the coronavirus shutdown retains rising

"The Federal Reserve and Congress are serving to avert for now an enormous self-feeding financial and monetary decline that threatens a devastatin [...]
Contained in the 10 days to rescue the economic system

Contained in the 10 days to rescue the economic system

Ten days later, the value tag for the Senate’s coronavirus financial rescue bundle has ballooned to greater than $2 trillion, twice what Kudlow i [...]
The unthinkable: Is it time to close down the inventory market?

The unthinkable: Is it time to close down the inventory market?

The Trump administration and regulators have tried to tamp down hypothesis that buying and selling must be shut down briefly till the implications [...]
Nice Melancholy 2? Worries a couple of coronavirus-induced calamity pile up

Nice Melancholy 2? Worries a couple of coronavirus-induced calamity pile up

“The longer it takes, the deeper the continuing slowdown can be,” mentioned Pantheon Macroeconomics Chief Economist Ian Shepherdson. “Fed informat [...]
Coronavirus upends the battle for the Home

Coronavirus upends the battle for the Home

In a current memo despatched to Home Republicans, Tom Emmer, chairman of the Nationwide Republican Congressional Committee, accused Democrats of p [...]
Congress ought to bail out gig employees, Cohn says

Congress ought to bail out gig employees, Cohn says

Former White Home chief financial adviser Gary Cohn. | Evan Vucci/AP Picture President Donald Trump’s former financial chief mentioned Sunday [...]
Coronavirus Will Change the World Completely. Right here’s How.

Coronavirus Will Change the World Completely. Right here’s How.

However disaster moments additionally current alternative: extra subtle and versatile use of expertise, much less polarization, a revived apprecia [...]
What Trump’s Trillion-Greenback Bailout Will get Proper, and Fallacious

What Trump’s Trillion-Greenback Bailout Will get Proper, and Fallacious

It is smart to reassure the markets that cash market funds can be secure, though it does elevate the query of whether or not the funds ought to pa [...]
Inventory plunge triggers fourth buying and selling pause in 2 weeks

Inventory plunge triggers fourth buying and selling pause in 2 weeks

As was the case on Monday, pre-market buying and selling had already proven indicators of pressure in inventory futures. By the point markets open [...]
Opinion | The good strategy to save jobs within the time of coronavirus

Opinion | The good strategy to save jobs within the time of coronavirus

That is an concept that other countries have used in previous downturns to far larger impact than america. State and federal officers ought to act [...]
Massive banks brace for coronavirus-related onslaught

Massive banks brace for coronavirus-related onslaught

“You’re going to have huge defaults because the economic system turns down, and an enormous quantity of dumping of the worst debt as sure funding [...]
Trump faces echoes of 1929 in a race to save lots of the U.S. economic system

Trump faces echoes of 1929 in a race to save lots of the U.S. economic system

The hope on the a part of White Home officers is to not keep away from a pointy financial slowdown — all of them know it's coming — however that t [...]
How Republicans’ tax overhaul might make a recession worse

How Republicans’ tax overhaul might make a recession worse

Designed to forestall them from having to put off employees or shut down fully, it enabled cash-strapped companies to get tax refunds by redoing t [...]
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