spending
Washington (AFP) - President Joe Biden hailed a breakthrough Wednesday in getting a major chunk of his seemingly doomed healthcare and climate crisis agenda through Congress after Senate Democrats overcame divisions. "This is the action the American people have been waiting for. This addresses the problems of today -- high health care costs and overall inflation -- as well as investments in our energy security for the future," Biden said in a statement. The bill still has some way to go before becoming law but the multi-billion dollar package finally won crucial support from conservative Democ...
AFP
Washington (AFP) - President Joe Biden's $1.9 trillion stimulus will start flooding into the US economy soon, and some analysts say much of that money could end up invested in stocks or even bitcoin. Over the weekend, the government began sending the $1,400 direct payments that will go to nearly everyone in the United States. About $400 billion in payments will flow directly to households, going to individuals earning less than $75,000 a year or married couples making up to $150,000, as well as their children. And that does not count child tax credits or unemployment benefits in the massive p...
AFP
Washington (AFP) - An injection of pandemic aid filled Americans' wallets last month, though spending rose modestly, according to government data released Friday, giving a boost to the economy as it claws its way back from recession. A key inflation measure in the data showed prices also are starting to bounce back from the depths of the crisis, which could add to investor's fears about rising borrowing costs amid the recovery. The $900 billion Covid-19 stimulus package approved in late December sent $600 checks to nearly all US workers and extended extra unemployment payments for those who lo...
AFP
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