White-owned small businesses are twice as likely to get financing as Black- and Latino-owned firms, Fed survey finds
Courtesy of WDB Marketing A Fed survey found white-owned small businesses were twice as likely to get non-emergency financing as Black-owned ones. It also found that 46% of Black-owned firms that applied for...
Q2 Update to 2021 Economic Outlook Forecasts 11.2% Expansion in Equipment and Software Investment Growth and 5.7% GDP Growth as Pandemic Wanes
Washington, DC, April 14, 2021 – With U.S. vaccination rates rising quickly and the end of the pandemic in sight, equipment and software investment growth is expected to be robust this year as businesses invest to...
McConnell reportedly wants GOP senators to praise Manchin and Sinema, so they won't move to scrap filibuster
Senate Majority Leader Mitch McConnell at a press conference with Republican Sen. from Wyoming John Barrasso (L) and Republican Sen. from South Dakota John Thune (R) at the Capitol. Photo by Nicholas Kamm/POOL/AFP via...
Stimulus Checks Lift March Retail Sales By Almost 10 Pct
In a pushback to the adage that things rarely go as planned, the federal government’s third round of stimulus checks, which were issued last month to boost spending and the economy, worked exactly as lawmakers had hoped, lifting March retail sales by a much better-than-expected 9.8 percent, per the latest Census report. Although the disbursement of $1,400 checks to an estimated 150 million Americans only took place in the second half...
US President Biden Pushes for More Stimulus, One Million ‘Plus-up’ Payments Go out This Week
U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden...
GOP Senator says 'sweet spot' on bipartisan infrastructure deal is less than half of what Biden wants
Sens. Shelley Moore Capito, R-W.Va Tom Williams/CQ-Roll Call, Inc via Getty Images Sen. Shelly Moore Capito said a "sweet spot" for a bipartisan infrastructure deal is less than half of what Biden...
The Biden administration reportedly spent months preparing for an inflation spike that hasn't come yet - and it's still worried
President Joe Biden meets with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, U.S., January 29, 2021. Kevin Lamarque/Reuters White House and Treasury officials spent months...
Senate Democrats want to replace most of your lost paycheck with permanently boosted unemployment benefits
Sen. Ron Wyden (D-OR). Photo by Win McNamee/Getty Images Senate Democrats have unveiled a plan to boost unemployment benefits permanently. The plan aims to replace 75% of a worker's lost paycheck. It also sets up a...
GOP senator says bipartisan infrastructure group wants to double Biden's spending on roads and bridges
Sen. Bill Cassidy (R-LA). Drew Angerer/Getty Images Sen. Bill Cassidy says he's working on an "alternative" to Biden's multitrillion-dollar jobs plan. "The money in our bill ... would double the...
Biden wants to go after the wealthy on taxes with a $1.2 billion increase in IRS funding
Chip Somodevilla /Staff/Getty Images Biden's recent budget proposal includes a $1.2 billion increase to the IRS budget. This increase is intended to ensure more audits for wealthy people and corporations. The IRS...
Top GOP senator says it's 'an impossible sell' for Republicans to strike a deal on an infrastructure package that rolls back Trump tax cuts
Sen. Roger Wicker Tom Williams/Pool via AP Sen. Roger Wicker downplayed the odds of an infrastructure deal that included rolling back Trump's tax cuts. He called it 'an impossible sell' among Republicans on...