• The minimum wage hike Biden ran on is unlikely to be in the Senate's $1.9 trillion stimulus package

    7 days ago - By Business Insider

    President Joe Biden speaks during a meeting with labor leaders in the Oval Office of the White House, Wednesday, Feb. 17, 2021, in Washington
    Evan Vucci/AP
    An increase to the federal minimum wage likely won't be passed in a COVID stimulus package.
    Biden reportedly told governors that he doesn't think the move would comply with a Senate rule.
    Two key Senate Democrats, Joe Manchin and Kyrsten Sinema, have also thrown cold water on the idea.
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    Democrats are gearing up to pass President Joe Biden's $1.9 trillion stimulus package, but all...
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  • Biden's 'go big' stimulus has kicked off a huge debate about just how big a hole the pandemic punched in the economy

    7 days ago - By Business Insider

    President Joe Biden speaks as he meets with Senators from both parties on the critical need to invest in modern and sustainable American infrastructure in the Oval Office of the White House on February 11, 2021, in Washington, DC.
    Doug Mills-Pool/Getty Images
    Biden aims to "go big" on stimulus to fill a hole in the economy, but experts disagree on the size of the hole.
    Overfilling the hole risks massive inflation, while underfilling it leaves a weak economy.
    Biden, Wall Street, and the Fed see a pretty large hole, while the CBO and moderates see a smaller one.
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