infrastructure spending

John Stossel

Opinion: Biden’s Real Deficit – John Stossel

The president now brags that he cut the deficit! “We’re on track,” he says, to have “the biggest decline in a single year ever in American history.” It’s actually true. But utterly deceitful. President Joe Biden’s deficit will be down from last year, but that’s only because he spent such gargantuan amounts then. For once,

COVID-19

After huge pandemic losses, governments see rapid rebound

tate and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many are now awash in record amounts of money, boosted partly by federal aid. In response to the dramatic turnaround, governors, lawmakers and local officials have proposed a surge in spending as

International

Socialists win reelection in Portugal, eye major investments

Portugal’s center-left Socialist Party won a third straight general election Sunday, returning it to power as the country prepares to deploy billions of euros (dollars) of European Union aid for the economy after the COVID-19 pandemic. In a ballot that took place amid a surge of coronavirus cases blamed on the omicron variant, and with

Economy

Wall Street keeps rising on Democratic wins, stimulus hopes

Major U.S. stock indexes surged to all-time highs Thursday as Wall Street bet that the Democratic sweep of Washington means more stimulus is on the way for the economy. The S&P 500 rose 1.5% to a record 3,803. Investors were buoyed by Congress’ confirmation of Joe Biden’s presidential election win and a shift in control

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