• Democrats are planning at least another $2 trillion in stimulus spending, shrugging off fears of growing debt

    4 days ago - By Business Insider

    President Joe Biden meets with lawmakers in the Oval Office.
    Pete Marovich/Pool/Getty Images
    Democrats are planning at least another $2 trillion in stimulus spending, much of it on infrastructure.
    Senior Democrats support new taxes on wealthy Americans and large businesses to finance part of a follow-up package.
    Senate Republicans are likely to press for more targeted spending, and spark a clash in Congress.
    Visit the Business section of Insider for more stories .
    Democrats are on course to approve $1.9 trillion in emergency pandemic spending within the next month. It would be yet another...
    Read more ...

     

  • President Biden, don't let the benefits of the huge federal stimulus leak down the drain

    4 days ago - By Business Insider

    Democratic presidential nominee Joe Biden
    Al Drago/Getty Images
    The Biden administration plans to push forward massive fiscal stimulus bills.
    But there is a danger that some of the economic benefit from these bills could "leak" out of the US economy.
    In order to prevent this "leakage" and capture the most economic benefit, the stimulus should be designed intelligently.
    Dan Alpert is an adjunct professor at Cornell Law School and a founding managing partner of the New York investment bank Westwood Capital LLC.
    This is an opinion column. The thoughts expressed are those of the author.
    Visit...
    Read more ...