Stimulus is nice. But here's what Biden really needs to fix the economy
CNN
Joe Biden last week proposed a $1.9 trillion stimulus bill, part of a historically ambitious plan to combat an economic crisis.
But many economists and business leaders agree that no amount of government assistance to individuals and small businesses can fix the economy until the underlying cause of the problems — the Covid-19 pandemic — has been defeated. At best, the combination of the $900 billion plan passed in December, and this plan from the president-elect, can only help the economy to continue to tread water until the pandemic is under control. "This is a very large package, but it's about helping the economy hang together as well as it can hang together until the end of the pandemic," said Mark Zandi, chief economist at Moody's Analytics.
A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent.
Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it.
The Trump administration is planning to fire members of the independent government board that oversees the US Postal Service, a move that could serve as a step toward privatizing the service, according to multiple published reports.
College campuses embroiled in allegations of antisemitism are bracing for a crackdown by the Trump administration.
Boeing has had six years of production problems, safety issues, delivery delays and unhappy buyers of its aircraft. But President Donald Trump’s anger at the delays for the next generation of Air Force One jets could result in a huge blow to what remains of the company’s prestige and finances going forward.
Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo customers in price-sensitive countries like China and India.
When German voters go to the polls Sunday, the country’s moribund economy — and promises to fix it — will be front of mind. But Donald Trump’s looming import tariffs will make that daunting task even harder for the new government.
Delta Air Lines is offering passengers who were on the flight that crashed and overturned at Toronto Pearson International Airport $30,000 each.
US stocks fell Thursday after the world’s largest retailer warned that 2025 would be a rollercoaster ride and said it expected sales to slow this year amid fears that consumers are tapped out.
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in life are death and taxes. So the IRS is here to stay.
Imagine having a language tutor who was always on, available anytime to teach you new vocabulary or check up on your progress.
Shoppers flooded to Walmart for groceries and clothing last year. But 2025 will be trickier for the retail giant as inflation ticks back up and Trump’s tariffs kick in.
Trump says DOGE could return 20% of its savings directly to taxpayers. That could reignite inflation
President Donald Trump said he is considering a plan that would give 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) back to Americans, potentially complicating the country’s ongoing battle with elevated inflation.