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2 mins read

Top GOP senator slams Democrats' plan to renew Obamacare aid that would help Americans buy health insurance, calling it 'free money'

If Congress doesn't step in by midsummer, 13 million Americans face price hikes — only weeks before…

Joseph Zeballos-Roig   


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3 mins read

Ron DeSantis signs $1.2 billion in tax breaks for Floridians to fight 'Bidenflation headwinds,' though Biden's stimulus will help pay for it

Florida is using $200 million in funding from the American Rescue Plan to fund its 25-cent, monthlo…

Kimberly Leonard   


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2 mins read

Democrats unveil plan to issue quarterly checks to Americans by taxing oil companies posting huge profits

The bill would apply to large firms like ExxonMobil. Energy prices are spiking and Democrats want t…

Joseph Zeballos-Roig   


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3 House Democrats unveil a plan to send $100 monthly gas checks to Americans and provide relief from rising prices

The proposal would provide $100 each month for singles earning below $75,000 and $200 for couples m…

Joseph Zeballos-Roig   


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1 min read

3 fundamental changes from the pandemic economy that could become permanent

Fifteen months after the US first plunged into lockdown, the economy is well on its way to a comple…

Ben Winck   


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1 min read

Investors should stick with 4 kinds of stocks as Biden's infrastructure plan pumps up to $4 trillion into the economy, Bank of America says

Industrials and metals are two sectors poised to be clear beneficiaries of the bill that will incre…

Emily Graffeo   


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Biden's stimulus set aside $50 billion to help renters facing eviction, but just 4% of that has gone out

Treasury calls for "all hands on deck" to help get money to renters who could be evicted this month…

Ayelet Sheffey   


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Biden told Sen. Joe Manchin to support his $1.9 trillion coronavirus stimulus because 'if you don't come along, you're really fucking me,' book says

Manchin received a warning from President Biden as Democrats aimed to pass his $1.9 trillion corona…

Oma Seddiq   


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NYC is using Biden's stimulus to support taxi drivers, the homeless, and give artists $5,000 checks

NYC detailed extensive plans for using the $5.9 billion it got from Biden's American Rescue Plan. M…

Ayelet Sheffey   


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2 mins read

Senate GOP unveils $928 billion infrastructure counteroffer that's largely funded by Biden stimulus money

The latest plan is unlikely to satisfy the White House and Democrats, who are seeking robust new sp…

Joseph Zeballos-Roig   


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2 mins read

Biden's rescue plan could boost 2021 GDP growth to 11.4%, JPMorgan's global chief strategist says

JPMorgan had estimated before Biden announced his plan that nominal GDP was on track to rise by 6.4…

Insider Inc.   


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4 mins read

The $5 trillion in pandemic-era stimulus is more than triple Great Recession-era aid - and suggests a permanent shift in the way Congress spends

The $2.2 trillion CARES Act and President Donald Trump's $1.9 trillion tax cut also signify Congres…

Ben Winck   


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2 mins read

Walmart just announced record US sales, and it sees more stimulus checks bringing another 'boost'

Walmart CFO Brett Biggs told CNBC that another round of stimulus would lead to "something similar" …

Juliana Kaplan   


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3 mins read

The White House tees up a $1.5 trillion spending plan for family aid and education funding, new report says

The proposal includes funding for universal pre-K, paid family and medical leave, and seeks to expa…

Ben Winck   


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8 mins read

Biden is splitting with Obama on the economy and the proof is in their stimulus plans

"This is just incredibly different," said Obama DOL veteran Heidi Shierholz. "If my 2010 self could…

Ben Winck,Juliana Kaplan   


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2 mins read

Most Americans don't want the government to send checks to families forever, survey finds

A Morning Consult/Politico survey found that while 54% of voters support $300-per-child monthly pay…

Ayelet Sheffey   


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Only a third of Americans think Biden's stimulus bill is too big, survey finds

Despite Republican opposition to the stimulus bill, Americans overwhelmingly support its passage, a…

Ayelet Sheffey   


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2 mins read

Biden's promised economic agenda remains stalled, from student-debt relief to a minimum-wage hike and beyond

From student-loan relief to reversing Trump's tax cuts, Biden's 2020 economic agenda remains large…

Laura Italiano   


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Biden cuts 16 million people off from stimulus checks after striking deal with moderate Senate Democrats, study says

Biden approved phasing out direct payments entirely for individuals making above $80,000 a year and…

Ben Winck,Joseph Zeballos-Roig   


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4 mins read

How Biden's historically diverse administration plans to improve workforce diversity and economic equity

The president has installed a diverse team to push forward his business and economic agenda, which …

Anna Cooban