Democratic Senators finally came to an agreement on an energy and health care bill that will affect all Americans and others around the world. The bill is likely to be approved without any Republican support. Assuming the House follows suit, the legislation will mark Biden’s most significant victory since taking office.
Tag: stimulus
Negative Interest Rates and Huge Deficits are the New Normal. What Comes Next? (Macro News for February 6, 2021 – February 12, 2021)
The pandemic is testing the limits of both monetary and fiscal policy. Central banks around the world have pushed rates to near zero and some into negative territory to stimulate growth. Fiscal stimulus also appears to have no limits at the time. Almost every nation is deficit spending regardless of current high levels of government debt.
One More Push for $2,000 Stimulus Checks (Macro News for December 26, 2020 – January 1, 2021)
President Trump signed another "pandemic stimulus" bill that will give Americans another $600 each if they meet the income thresholds. However, it is possible the checks could be increased to $2,000 each if the Senate passes legislation that just cleared the House of Representatives. President Trump is in favor of the larger checks, but many Republicans in the Senate do not support the extra stimulus.
Europe Has a Rescue Package. But Who’s Going to Pay for Its Coronavirus Recovery? (Macro News for April 11, 2020 – April 17, 2020)
Finance ministers from the European Union countries approved a €500 billion stimulus package designed to soften the economic impact of the coronavirus. However, the group failed to make any progress on how to fund the EU’s recovery. The deal took several weeks to emerge given the vast differences in EU countries and their economies.
Pearson Economic News 