The U.S. House and Senate passed an agreement Friday evening (Dec. 18) to postpone a government shutdown for 48 Hours as Capitol Hill lawmakers prepared to settle in for a working weekend in a bid to pass a COVID-19 stimulus bill. President Donald Trump later...
Democratic congressional leaders are looking to approve a second stimulus check as part of the next coronavirus relief bill, the Wall Street Journal reported on Wednesday (Dec. 16). The group, comprised of 17 Democrats, sent a letter to Congressional leaders asking them to include $2,000...
The pending release of a $908 billion bipartisan stimulus in Congress on Monday (Dec. 14) is likely to trigger further frenzied rounds of talks, as sticking points remain and an end-of-the-week deadline looms. Lawmakers from both parties have hammered out the $908 billion proposal as...
President-elect Joe Biden has announced a new director of the National Economic Council in Brian Deese, the current head of sustainable investing at BlackRock, CNBC reported. The appointment doesn’t require Senate confirmation and shows the focus Biden has had thus far on fighting the COVID-19 pandemic as well as...
President-elect Joe Biden rounded out his economics team on Monday (Nov. 30) by appointing two women to top posts. He also officially named Janet Yellen, former head of the Federal Reserve, as treasury secretary. “Biden is sending a clear message that economic policymaking in his...
165 business leaders joined together on Monday (Nov. 23) to call for a peaceful presidential transition of powers, labeling it necessary for the “economic recovery and revitalization” of the U.S. The executives, including Ajay Banga, CEO of Mastercard; Laurence D. Fink, CEO and chairman of...
Janet Yellen is the incoming Biden administration’s pick to be Treasury secretary, according to a new report. President-elect Joe Biden plans to nominate Yellen, the former chair of the Federal Reserve, to head the Treasury, a key post amid a time of economic turmoil, The...
Could a cliff-hanger of a presidential election turn out to be a buzz killer for the holiday shopping season? A recent survey by Adobe Analytics found that just over a quarter of consumers surveyed – 26 percent – said the election would impact their holiday...
Voters in California, who backed a far-reaching digital privacy law two years ago, are now facing a war of words over a ballot measure that would update that law. The so-called Proposition 24 has drawn fire from some consumer and privacy advocates, the Associated Press...
