U.S. TREASURY SECRETARY NOMINEE JANET YELLEN TO PRESENT $1.9 TRILLION STIMULUS PACKAGE

Highlights

• The Senate Finance Committee's hearing is expected to feature several topics like foreign-exchange policy to taxes

• The most important topic in this hearing will be the President-elect Joe Biden’s $1.9 trillion coronavirus relief plan

TRUMP’S VISA BAN WOULD HAVE COST THE US ECONOMY $100 BILLION

Highlights

• This visa ban was issued on June 22 which barred the entry of H-1B, L-1 and J1 visa holders till the end of 2020, though it was recently suspended by a US district court

• This paper was made by Danny Bahar (The Brookings Institution, Harvard), Prithwira...

U.S. BUDGET DEFICIT SURPASSED $3.1 TRILLION IN 2020: DATA

Highlights

• According to the data released jointly by the White House and the Treasury Department, this year the government has shelled out $6.552 trillion which is up from $4.447 trillion in 2019

• This government released data clearly showcases the impact of COVID...

U.S. ECONOMY: ANOTHER STIMULUS LIKELY BEFORE THE PRESIDENTIAL ELECTION

Highlights

• Michael Cuggino said that if they can strike something that’s reasonable on both sides, then the country does have a good chance to get something done before the election, or right after, which would benefit both parties and the general economy

• T...

GLENN HUTCHINS THE U.S. FELL SHORT ON THE COORDINATED NATIONAL RESPONSE TO THE COVID – 19 PANDEMIC

Highlights

• The corona virus response, particularly in June and July, has been poor 
• It is largely because of the various factors like the early return to social activity, etc.   

On Wednesday, Glenn Hutchins said that ...

FED TO ANNOUNCE THE NEW POLICY INITIATIVES SOON

Highlights

• The culmination of the process could be announced around the Federal Open Market Committee’s meeting
• It includes public meetings and extensive discussions among central bank officials

The Federal Reserve will be soli...

TRUMP'S FISCAL BUDGET 2021

Highlights:

• Trump to present his fiscal budget of 2021 on Monday
• The budget to be discussed will be worth $4.8 million
• Trump will look at raising funds for the wall of Mexico
•  

Recently acquitted American ...