Biden Team Readies Wider Economic Package After Virus Relief

Democrats on Tuesday brushed aside Republicans’ concerns about overheating the economy with the Biden administration’ s $1.9 trillion coronavirus relief bill, as Federal Reserve Chairman Jerome Powell signaled that the central bank won’ t pull back anytime soon on its own aggressive actions to aid the recovery.

“This isn't the same as other financial recessions that were economically driven,” Mr. Mnuchin said on Fox Business Network. Mr. Mnuchin had been asked about President Biden’ s proposal to spend an additional $1.9 trillion on coronavirus relief when much of the already-authorized money had yet to go out the door. Mr. Mnuchin, who ran point for the Trump…

President Biden’ s vision for the nation came into clearer focus now that a Democratic-run Washington put impeachment to bed and his administration took center stage with a policy platform touching on issues from taxes and transportation to the economy, energy and immigration. The spotlight and the political arrows that come with it promise a reality check…

Roughly 70% of Republicans said in a new poll that they’ d either definitely or“ maybe” join a political party formed by Donald Trump. Yuuge enough to set Republicans in Congress on notice about the political perils of impeachment, at least. And fully 71% said that Republicans in Congress who supported or continue to support the impeachment and conviction of Trump…

—A Republican legislative leader in Michigan apologized Tuesday after falsely claiming supporters of President Donald Trump were not involved in the deadly attack at the U.S. Capitol, having called it a“ hoax.”. Senate Majority Leader Mike Shirkey made the comments last Wednesday while meeting with leaders of the Hillsdale County GOP, according to a video…

WASHINGTON- President Joe Biden's administration announced Tuesday that it is moving to expand access to COVID-19 vaccines, freeing up more doses for states and beginning to distribute them to retail pharmacies next week. Starting next week, 1 million doses will be distributed to about 6,500 pharmacies across the country, the White House said.

The commentary was written by Kathryn Anne Edwards, an economist at the RAND Corporation and a professor at the Pardee RAND Graduate School. President Biden has proposed adding $1,400 to the $600 payments that were delivered in the relief bill signed by President Donald Trump in December. The CARES Act, in March, provided $600 in federal money per week on top of…

WASHINGTON- Shortly after President Biden took office, he proposed an immigration plan that would offer an eight-year path to full citizenship for 11 million immigrants who currently reside in the United States without legal status. The plan from Biden and Vice President Kamala D. Harris would give qualified immigrants from Central America temporary legal…

WASHINGTON— When you inherit a mess, as President Joe Biden has, everyone needs you to make their issue a priority. The novel coronavirus is still spreading, causing thousands of deaths each day, and we can't get enough vaccines in the arms of people to stop it, or at least slow it down. Right now, while the Democrats control the House and Senate, Biden needs to put this on…

On Tuesday, January 19, 2021, the Treasury secretary designate Janet Yellen outlined before the Senate Finance Committee the likely course of President Joe Biden’ s economic policies in the months ahead. Given the fragile state of the US economy as a result of covid-19, Yellen favors Biden’ s $1.9 trillion spending plan to provide support to the economy.

Matt Eyles, president and CEO of America’s Health Insurance Plans, said that his organization wants to assist the administration in its goals of COVID-19 relief and economic recovery, while calling for health equity in America’s communities.

—President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Biden will direct all U.S. agencies to use science and evidence-based decision-making in federal…

The trade war under President Donald Trump hurt workers and farmers in both countries, though some in Vietnam and elsewhere benefited as companies moved production outside China. A more confident China may push back harder on issues such as technology, territory and human rights. Analysts draw parallels to the 2008 global financial crisis, from which China…

Jan. 20— A former Monsey man serving an 835- year sentence at Otisville federal prison for financial fraud was among the 143 people given pardons and commuted sentences by President Trump early Wednesday morning before he left office. He was alleged to have helped defraud the National Heritage Life Insurance Co. of $450 million, leading to its collapse in 1994..

WASHINGTON— In the 11 weeks since Election Day, the collision of crises confronting President-elect Joe Biden have gone from staggering to almost unimaginable. More than 170,000 Americans have died from COVID-19 during that stretch alone, sending total U.S. deaths soaring past 400,000. The deep partisan divisions roiling the nation boiled over into…

Joe Biden will govern a nation divided in many ways- and the pandemic-battered economy is one prime example. My trusty spreadsheet, filled with government data, parsed some of the business-related differences between the states that Biden won in the presidential race vs. those he lost. It certainly seems that disappointing business outcomes factored into…

The Treasury Department reported Wednesday that three months into the budget year, the deficit was $216.3 billion higher than the same October-December period a year ago. Beginning in the spring, Congress passed trillion-dollar-plus spending measures to combat the harm being done to the economy from a pandemic-induced downturn. The spending figure did…

His self-identification as a“ pro-choice pastor” angered conservatives, but Warnock’ s win in a state that Biden turned blue for the first time since 1992 has religious progressives hopeful that Democrats will keep broadening their outreach to voters of faith. Harkins acknowledged that Democrats haven’ t always maintained consistent engagement with…

The Progressive Democrats of America issued the following news release on Jan. 4:. Progressive Democrats of America calls upon Congress and the incoming Biden Administration to appoint one person to oversee the National Distribution of COVID-19 vaccines to all American citizens and residents. With President Trump and the 116th Congress having deprived…

As the coronavirus pandemic rages, sickening more than 1.2 million people in Florida and killing 21,000, state lawmakers soon will be dealing with another stunning number. It will demand another $1.2 billion in state taxpayer money next year, state analysts say. “We've never had a recession before that was caused by a health care crisis,” said Justin Senior, chief…

Public health experts say more options in addition to the two vaccines now being dispensed— one made by Pfizer and its German partner BioNTech, the other by Moderna— are critical to amassing enough shots for the country and the world. The coronavirus is blamed for about 1.8 million deaths worldwide, including more than 330,000 in the U.S. This has been the…

John Kennedy and Kevin Cramer, Senate Banking Committee members, led a bipartisan letter to Treasury Secretary Steven Mnuchin and Internal Revenue Service Commissioner Charles Rettig urging the Trump Administration to waive late filing penalties for taxpayers whose filing delay is caused by COVID-19. Dianne Feinstein, Kyrsten Sinema, Ted Cruz, Mark…

—China’ s government on Monday called on Washington not to enforce a measure that might expel Chinese companies from U.S. stock exchanges if they fail American government audits. The law, signed Friday by President Donald Trump, is a response to complaints Chinese companies were failing to comply with stricter U.S. government oversight imposed following the…

—In a meeting with leaders of some of the nation’ s top civil rights organizations, President-elect Joe Biden reaffirmed Tuesday that his administration will prioritize racial justice and assemble a diverse Cabinet that can tackle pressing equity issues. The meeting, which was closed to the news media, follows increasing pressure Biden has received to ensure…

That decision could delay the delivery of a second batch of doses until manufacturer Pfizer fulfills other international contracts. Pfizer's vaccine is expected to be endorsed by a panel of Food and Drug Administration advisers as soon as this week, with delivery of 100 million doses— enough for 50 million Americans— expected in coming months.

Last month 9 million renters said they were behind on rent, according to a Census Bureau survey. About 29% of Black families and 17% of Hispanic renters were behind, the Census Bureau reported. A separate analysis by the Federal Reserve Bank of Philadelphia, looking at people who had jobs before the pandemic, found 1.3 million such households are now an average of…