Financial

Financial

Architect Of Reagan Revolution Blasts “Bidenomics”

As the Biden administration prepares the largest tax hike since World War II, a longtime Republican economic advisor is sounding the alarm on “Bidenomics.” In an exclusive interview with Inside Sources, Arthur Laffer, who as a member of President Ronald Reagan’s Economic Policy Advisory Board is credited with America’s economic boom in the 1980s, warned of the

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Support for Biden’s $1.9 trillion coronavirus relief package may not be as broad as it seems – it’s all a matter of perspective

Government spending bills that cost billions or trillions of dollars can seem abstract. Siri Stafford/DigitalVision via Getty Images Aaron Saiewitz, University of Nevada, Las Vegas and M. David Piercey, University of Massachusetts Amherst CC BY-NC-ND Congress is on the verge of spending US$1.9 trillion to provide additional coronavirus relief to Americans, including $1,400 direct payments

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S&P 500 ends at another record high as tumultuous 2020 ends

Wall Street closed out a tumultuous year for stocks with more record highs Thursday, a fitting coda to the market’s stunning comeback from its historic plunge in the early weeks of the coronavirus pandemic. The benchmark S&P 500 index finished with a gain of 16.3% for the year, or a total return of about 18.4%,

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Awaiting Yellen at Treasury: Yet another daunting crisis

Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden’s apparent choice for treasury secretary, served on the Federal Reserve’s policymaking committee during the 2008-2009 financial crisis that nearly toppled the banking system. She became Fed chair in 2014 when the

Financial

Wall Street shrugs, stocks rise even as Trump won’t concede

A huge fear for Wall Street coming into this month was a contested U.S. presidential election, one that could drag the market through more painful uncertainty. Now, more than a week after Election Day, President Donald Trump and his allies are challenging the results in a number of states that gave Joe Biden enough Electoral

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Economic comeback under President Trump breaks 70-year record

News broke on Thursday that real GDP grew at an annualized rate of 33.1% in the third quarter of 2020—beating expectations and setting an all-time record. This jump in GDP is nearly double the previous record set 70 years ago. Thanks to President Trump’s policies, the American economy is weathering the global pandemic better than any other

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