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US Treasury secretary urges Congress to fund $4.1tn investments with higher levies on wealthy
Lawmakers in affluent districts set to push back given the party has built a wealthy support base
Former treasury secretary criticises the scale of Biden’s fiscal policy and warns it could lead to overheating and wasted resources
Many obstacles stand in the way of the president’s infrastructure bill
But Republicans and Democrats disagree about how to fund spending
The $1.9tn bill both reveals and reinforces a new enthusiasm for the state
It might be no bad thing if the US fiscal stimulus ended up somewhat smaller than now proposed
Party divided over message of fiscal rectitude that delivered electoral success in the past
President demands Americans receive cheques of $2,000 to soften economic blow from Covid-19
Whatever you may think of the outgoing administration, there are still some useful takeaways
GOP fiscal conservatism blows hot or cold depending on which party controls the purse strings
Treasury bond issuance and central bank QE must work in tandem for economic recovery
Two experts debate the long-term impact on inflation of the Covid-19 rescue packages
Federal judge clears T-Mobile’s takeover of Sprint
White House aims to preserve 2017 tax cuts while slashing key planks of social safety net
CBO predicts $13tn shortfall this decade and deteriorating picture beyond
Legislation includes policy measures regarding Nord Stream 2, Huawei, Hong Kong and Turkey
Vast budget agreement includes concessions for both Democrats and Republicans
Investors describe a pivot to fiscal policy as central banks seem to be out of ammo
Central banks do not have the tools to tackle the supply side shocks facing the global economy
Government spending rises despite Donald Trump’s pledge to eliminate debt
Cheap debt continues to provide little incentive for politicians to cut back
Developed economies face growing calls for fiscal stimulus to boost growth
Budget agency chief says debt is on ‘unsustainable course’ and rising faster than expected
A new budget deal will not address America’s long-term economic health
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