Search result for US economy news
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
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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...