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OECD lowers global, US economic growth forecasts

Agence France-Presse
Posted at Sep 21 09:20 PM

The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world and the United States. Read more »

Dollar near one-month low on bets for later Fed taper

Kevin Buckland, Reuters
Updated as of Sep 06 09:32 AM

The dollar languished near a one-month low versus major peers on Monday, as investors pushed back expectations for when the Fed tapering will begin. Read more »

Biden's $5 trillion spending plans win key House vote

Agence France-Presse
Posted at Aug 25 10:01 AM

US President Joe Biden's plans to spend nearly $5 trillion to change the world's largest economy advanced in the House of Representatives on Tuesday. Read more »

US House Democrats talk over Biden spending plan

Susan Cornwell and David Morgan, Reuters
Posted at Aug 24 09:25 AM

Democrats faced a test of unity in the US House of Representatives on Monday as they prepared for a possible vote on President Joe Biden's spending plan. Read more »

US weekly jobless claims fall

Lucia Mutikani, Reuters
Posted at Aug 05 09:08 PM

The number of Americans filing new claims for unemployment benefits declined further last week. Read more »

Fed to meet as inflation, virus variants complicate US recovery

Chris Stein, Agence France-Presse
Posted at Jul 25 11:09 AM

As rising prices and the spread of new COVID-19 variants increase risks to the US economy, Federal Reserve officials are expected to maintain their easy money policies intended to help American companies and workers survive the pandemic damage.   Read more »

Progress on COVID-19 and economy under Biden, but disunion haunts US on 245th birthday

Jeff Mason, Reuters
Posted at Jul 04 10:21 AM

More than five months into Joe Biden's presidency, the United States has changed in multiple ways, with a healthier business outlook and a pandemic - at least in many parts of the country - increasingly under control.   Read more »

US Fed expected to stand its ground despite rising inflation

Heather Scott, Agence France-Presse
Posted at Jun 13 12:01 PM

Even in the face of rising inflation, the lackluster progress on restoring jobs lost during the pandemic means the US Federal Reserve is unlikely to budge on monetary policy when it meets next week.   Read more »

In US, 2.5 million unemployed soon to be without income

Agence France-Presse
Posted at May 20 12:39 PM

States across America are moving to cut pandemic unemployment benefits, a painful blow for millions of people who will soon be left without income.   Read more »

Biden pitches $174-B electric vehicle plan in Michigan

Nandita Bose and David Shepardson, Reuters
Posted at May 19 09:25 AM

US President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for US consumers - and even got to take a new zero-emission truck out for a drive. Read more »

US to grow 7pct this year, fastest since 1980s: Fed's Williams

Heather Scott, Agence France-Presse
Posted at May 04 07:18 AM

The US economy is likely to expand by seven percent this year as it bounces back from the Covid-19 pandemic, its fastest rate since the early 1980s, a top Federal Reserve official said on Monday.   Read more »

US economy accelerates in first quarter, jobless claims edge lower

Lucia Mutikani, Reuters
Posted at Apr 29 08:54 PM

US economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected will be the strongest performance this year in nearly four decades.   Read more »

China 'closing in fast,' Biden warns Congress, as he asks for trillions in spending

Trevor Hunnicutt and Susan Cornwell, Reuters
Posted at Apr 29 11:26 AM

WASHINGTON - President Joe Biden declared on Wednesday that the United States is "on the move again" 100 days after he took office, in a speech to a joint session of Congress that he used to promote a $1.8 trillion plan he said is needed to compete with China. Read more »

JPMorgan CEO Dimon sees US economic boom through 2023

Elizabeth Dilts Marshall, Reuters
Posted at Apr 07 08:30 PM

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues.   Read more »

What happens when women run the economy? We're about to find out

Andrea Shalal, Reuters
Posted at Apr 06 08:14 PM

Women now hold many of the jobs controlling the world's largest economy - and they're trying to fix it.   Read more »

Biden seen pushing through infrastructure plan even sans Republican support

Katanga Johnson and Doina Chiacu, Reuters
Posted at Apr 05 09:37 AM

US President Joe Biden would be willing to push through his $2 trillion infrastructure plan without the support of Republican lawmakers if he cannot reach a bipartisan deal, Energy Secretary Jennifer Granholm said on Sunday. Read more »

How Biden's infrastructure plan addresses climate crisis

Lucie Aubourg and Issam Ahmed, Agence France-Presse
Posted at Apr 02 01:21 PM

It's no coincidence US President Joe Biden chose manufacturing hub Pittsburgh to unveil his $2 trillion green infrastructure plan, a bold pitch to Americans used to hearing that climate action will wreck industry. Read more »

Biden to unveil $2 trillion 'once-in-a-century' infrastructure plan

Jerome Cartiller, Agence France-Presse
Posted at Mar 31 08:16 PM

President Joe Biden will on Wednesday propose a $2 trillion infrastructure plan aimed at modernizing the United States' crumbling transport network, creating millions of jobs and enabling the country to "out-compete" China.   Read more »

What will US economic recovery look like?

Heather Scott, Agence France-Presse
Posted at Feb 28 12:35 PM

The US economy is rebounding faster than expected from the COVID-19 recession, outperforming the most pessimistic estimates. But some areas remain largely shut down. So what will recovery look like?   Read more »

US Treasury's Yellen: Americans earning $60,000 should get stimulus checks

Reuters
Posted at Feb 08 10:42 AM

US Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House’s proposed $1.9 trillion coronavirus relief package. Read more »