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The booming private credit market has delayed a recession, but the US is still at risk of a sharp downturn, chief strategist says

"We have widely incomplete data. The vast majority of the time in the last year it's been negativel…

Matthew Fox   


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Biden fired the Trump-appointed Social Security head amid complaints of stimulus check delays and union-busting tactics

Andrew Saul told the Post that he doesn't plan on stepping down and intends to show up to work on M…

Joseph Zeballos-Roig   


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Donald Trump renewed his calls for $2,000 checks, but it's unclear if he'll veto the bipartisan stimulus package

"Why would politicians not want to give people $2000, rather than only $600?" Trump tweeted Friday …

Juliana Kaplan   


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Billionaire Ray Dalio says Trump's halting of stimulus negotiations will be a 'significant negative' for the economy

The absence of what could have been nearly $2 trillion of stimulus will cause "a lot of stress" on …

Emily Graffeo   


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AOC says if Trump walks away from relief spending, the economy would be 'staring down the barrel' of one of the largest mass evictions in US history

Rep. Alexandria Ocasio-Cortez on Tuesday night said the US could experience problems with hunger un…

Shalini Nagarajan   


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5 mins read

The economic prospects of rich and poor Americans had long been diverging. The pandemic finally completed the break.

The pandemic worsened inequality so much it will take a decade for lower-income Americans to recove…

Juliana Kaplan   


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Andy Kiersz   


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These 2 issues are proving the biggest barriers in negotiations for a $908 billion COVID-19 stimulus deal

Democrats and Republicans are yet to agree on, first, liability shields for businesses, and second,…

Kate Duffy   


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1 min read

Airline stocks drop after Trump ends stimulus talks

Airlines were expected to be large beneficiaries of the next stimulus package. On Friday Pelosi tol…

Emily Graffeo   


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3 mins read

Republicans want to pass a series of standalone stimulus bills. Here's what that means, and why it's unlikely to happen.

Republicans' past piecemeal stimulus strategies fell prey to intraparty disagreements and Democrat …

Ben Winck   


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2 mins read

New fiscal support will set up an economic boom in the second half of 2021, Evercore analysts say

"The current fiscal package is large enough to make a significant difference for individuals," Ever…

Emily Graffeo   


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A divided Congress lessens chances of more stimulus, but stocks will climb regardless of who eventually wins, Guggenheim's investment chief says

Scott Minerd says the Federal Reserve will likely help stocks rise over the long-term regardless of…

Emily Graffeo   


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The US is barreling toward the worst-case scenario for more stimulus relief — and the stock market could pay the price

Wall Street had its sights set on a blue-wave election result that would quickly usher in new stimu…

Joe Ciolli   


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Investors expecting 'constant bailout' from the Fed may be disappointed in 2021, BofA's top stock strategist says

"The idea that the market has grown dependent on this stimulus machine-that's going to be challenge…

Emily Graffeo   


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4 mins read

Here's what 5 Wall Street strategists are saying about November's weak jobs report

"The 6.7% unemployment rate grossly overstates the extent of improvement in the labor market," said…

Emily Graffeo   


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3 mins read

The US doesn't need extra stimulus in the economy for a V-shaped recovery, Trump adviser Kudlow says

Trump's economic adviser Larry Kudlow, said Tuesday: "I don't think the V-shaped recovery depends o…

Saloni Sardana   


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European stocks rebound as higher chance of US stimulus offsets gloom over explosion in COVID-19 cases

Daily cases in the UK have risen steadily since August, leading to stricter restrictions beginning …

Shalini Nagarajan   


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3 mins read

Fed's Kashkari warns of 'enormous consequences' if fiscal stimulus is not approved — and says there are no 'moral hazards' to supporting more aid

"There are enormous consequences if we just let things go, and the downturn will end up being much,…

Shalini Nagarajan   


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4 mins read

The Fed warned of 'tragic' consequences if the US didn't do more to support its economic recovery. Hours later, Trump killed talks about more stimulus.

Leaving the economy starved of stimulus is like "letting the forest fire burn," Minneapolis Fed Pre…

Ben Winck   


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The US economy can live with stimulus being delayed as long as it is implemented by early 2021, JPMorgan says

Relief spending could be pushed to after the elections because both Trump and Democrat challenger J…

Shalini Nagarajan