A cliff lies ahead for millions of Americans six weeks from now, when a raft of emergency pandemic aid expires, including the 13-week extension of unemployment insurance, student loan forbearances, and eviction […]
Election Day is a mere four days away, and the good people in Washington have failed to pass a stimulus bill for coronavirus relief. In fact, they can’t even agree on what a stimulus […]
Coronavirus cases are rising in much of the country, and millions of Americans are in dire straits, so surely the U.S. Senate is hard at work on a stimulus package that will […]
On Wednesday, the Senate voted on a new “skinny” stimulus package for coronavirus relief, which is not to be confused with last month’s failed “skinny” stimulus bill. This one included more weekly unemployment benefits, […]
S&P futures traded lower, alongside shares in Europe and most of Asia – but since rebounded from overnight lows – as worries about a delay to U.S. economic stimulus, surging virus cases […]
In fiscal year 2020, which ended on Sept. 30, the U.S. government set some impressive new records. The deficit came in at $3.1 trillion, twice the previous record of $1.4 trillion in […]
After promising to take up a stimulus bill for coronavirus relief this week, Senate Majority Leader Mitch McConnell outlined what his striped-down plan would include in a press release on Saturday. The Senate is expected to […]
Just as “stimulus (and covid vaccine) optimism” was the go to “explanation” for the market’s ramp in the past few weeks, so “stimulus (and covid vaccine) pessimism” is being trotted out to […]
“Explanations” for overnight market moves have drifted from the merely comical and veered into the surreal. Case in point, this morning Bloomberg writes that “futures contracts on U.S. equity indexes rose, suggesting gains […]
On Tuesday, Republicans and Democrats stopped negotiating on a stimulus bill for coronavirus relief. But today it’s Wednesday in Washington! A whole new day, with new realities. WHAT’S HAPPENING RIGHT NOW? On […]
