Tag Archives for " deficit "

Biden releases U.S.-centered economic plan, challenging Trump’s ‘America First’ agenda – The Washington Post

Biden releases U.S.-centered economic plan, challenging Trump’s ‘America First’ agenda - The Washington Post 1Joe Biden plans to unveil a proposal Thursday to spend $700 billion on American products and research, challenging President Trump’s “America First” agenda with a competing brand of economic nationalism and setting the stage for an election-year showdown over the country’s financial future.

The Biden campaign says his plan for manufacturing and innovation will bring back jobs lost this year and create at least 5 million more with sweeping investments in domestic technology; reduce dependence on foreign countries to supply critical goods; and implement trade and tax policies that empower U.S. workers.

“Biden does not accept the defeatist view that the forces of automation and globalization render us helpless to retain well-paid union jobs and create more of them here in America,” says a 15-page summary. “U.S. manufacturing was the Arsenal of Democracy in World War II and must be part of the Arsenal of American Prosperity today, helping fuel an economic recovery for working families.”

Source: Biden releases U.S.-centered economic plan, challenging Trump’s ‘America First’ agenda – The Washington Post

Today’s Top Stories: April 24, 2020

Today’s Top Stories is brought to you by My Daily Grind News.

Coronavirus update:

April 24, 2020 COVID-19 pandemic map

2,735,117 confirmed infections, up from 2,649,680 yesterday.
192,019 confirmed deaths, up from 184,643 yesterday.

Relevant COVID-19 stories:


Economy Update:

Zoom’s stock surges toward a record after inclusion in the Nasdaq 100

Under Pressure, Chain to Return $20M US Loan

Today's Top Stories: April 24, 2020 3

The Dow is even, in the mid-23k range.

Upcoming economic reports this week:

  • Tuesday – Existing home sales. Current: 5.27 million, Previous: 5.76 million, DOWN half a million.
  • Thursday – Weekly jobless claims – up another 4.4 million to over 26 million in a month
  • Thursday – New home sales. 627,000 in March versus 641,000 in February.
  • Friday 10am – Consumer sentiment index

Source: https://www.marketwatch.com/tools/calendars/economic

Relevant Economy stories:

Learn how to turn your hobbies into hustles – check out Gig Economics.

Offbeat Story of the Day:

“Give me Biden or give me bleach!”

Don’t inject disinfectants, Lysol warns as Trump raises idea

Don't inject disinfectants, Lysol warns as Trump raises idea 3

WASHINGTON (AP) — The parent company of Lysol and another disinfectant warned Friday that its products should not be used as an internal treatment for the coronavirus after President Donald Trump wondered about the prospect during a White House briefing.

Trump noted Thursday that researchers were looking at the effects of disinfectants on the virus and wondered aloud if they could be injected into people, saying the virus “does a tremendous number on the lungs, so it would be interesting to check that.”

That prompted a strong warning from the maker of disinfectants Lysol and Dettol, which said it was issuing a statement to combat “recent speculation.”

“As a global leader in health and hygiene products, we must be clear that under no circumstance should our disinfectant products be administered into the human body (through injection, ingestion or any other route),” said the statement from Reckitt Benckiser.

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Trump set to sign bill with nearly $500B more in virus aid

Trump set to sign bill with nearly $500B more in virus aid 4

WASHINGTON (AP) — President Donald Trump will hold a signing ceremony Friday for a bill providing a nearly $500 billion infusion of coronavirus spending, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and 1 in 6 U.S. jobs.

The measure passed Congress almost unanimously Thursday, but the lopsided tally belies a potentially bumpier path ahead as battle lines are being formed for much more ambitious future legislation that may prove far more difficult to maneuver through Congress.

The bipartisan measure passed as lawmakers gathered in Washington as a group for the first time since March 27, adopting stricter social distancing rules while seeking to prove they can do their work despite the COVID-19 crisis.

Lawmakers’ face masks and bandannas added a somber tone to their effort to aid a nation staggered by the health crisis and devastating economic costs of the pandemic.

“Millions of people out of work,” said House Speaker Nancy Pelosi, D-Calif. “This is really a very, very, very sad day. We come to the floor with nearly 50,000 deaths, a huge number of people impacted, and the uncertainty of it all.”

Source: Trump set to sign bill with nearly $500B more in virus aid