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14 Jul 21
US treasury secretary Janet Yellen has said she will use extraordinary measures to manage the Treasury’s cash if Congress does not raise the debt limit by the end of July.
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5 Jul 21
Joe Biden’s social and infrastructure spending has been tipped to still have a noticeable impact on GDP in a decade’s time because he is targeting long-term benefits to the economy.
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1 Jun 21
US president Joe Biden’s first annual budget, including $6trn of spending, has drawn support from fellow Democrats – but other voices have sounded warnings about the national debt.
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23 Apr 21
Joe Biden’s pledge to spend $5.7bn each year helping developing countries deal with climate change has been criticised for lagging behind promises from other nations.
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16 Apr 21
Experts say that the Biden administration’s move to ban US financial institutions from participating in the primary market for Russian bonds is likely to have little impact.
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17 Mar 21
A group of Democratic US politicians have proposed spending $12bn more on foreign affairs after years of flat spending.
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11 Mar 21
Joe Biden’s $1.9trn stimulus package has been approved by the US Congress, in a move predicted to boost the world economy during the recovery from Covid-19 and support some of the country’s poorest...
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4 Mar 21
A group of progressive Democrats in the US senate has introduced a bill for a 3% annual tax on wealth exceeding $1bn, and 2% on that above $50m.
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12 Feb 21
US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
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22 Jan 21
The USA’s top health official says the country will join global efforts to help poor countries overcome Covid-19, while new Treasury secretary Janet Yellen has committed to big domestic spending...
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15 Jan 21
The US will undertake huge spending as the Joe Biden presidency gets underway, the president-elect has said less than a week ahead of taking office.
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14 Jan 21
Washington must step in to help New York with the largest budget deficit in its history to stop the need for “extraordinary negative measures”, the state’s governor has said.
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10 Nov 20
US president-elect Joe Biden faces some of the worst economic conditions in 70 years, ratings agency Moody’s has warned.
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9 Nov 20
San Francisco will tax “overpaid” executives to pay health workers, after city residents voted through a series of measures targeting businesses and property owners.
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14 Sep 20
The US has reached a record budget deficit of $3trn this year as the government fights the health and economic crises caused by Covid-19.
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14 Aug 20
A $1trn impasse between the two main political parties is blocking the US government from agreeing its next tranche of Covid-19 stimulus.
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21 Jul 20
The US response to Covid-19 has been particularly challenging for state and local governments, the IMF noted while examining the impact of the pandemic on the world’s largest economy.
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19 Jun 20
Global talks aimed at creating an international tax system able to deal with huge multinational digital companies such as Facebook and Amazon will continue without the US, after it pulled out of...
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12 Jun 20
A wave of fraudulent unemployment-benefit claims has led the state audit office in Washington to launch a review into the US state government’s Employment Security Department.
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22 May 20
The US spending watchdog has told the government it could save tens of billions of dollars by reducing overlap and duplication in its programmes.
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24 Apr 20
The US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
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24 Mar 20
The coronavirus outbreak will cause the US economy to contract by 24% in the second quarter of 2020, according to Goldman Sachs’ latest predictions, as the government prepares a $2trn stimulus...
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24 Jan 20
Healthcare was a big driver in the outcome of the recent US mid-term elections. But could the Democrats’ vision of a truly reformed healthcare system ever become a reality?
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29 Oct 19
A “very big portion” of a trade deal between the US and China could be signed ahead of schedule, US president Donald Trump has said.
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15 Aug 19
The US Chamber of Commerce has urged Donald Trump not to retaliate against France for introducing a tax on internet giants like Google and Facebook, voicing concerns it could lead to a trade war with...
14 Jul 21US treasury secretary Janet Yellen has said she will use extraordinary measures to manage the Treasury’s cash if Congress does not raise the debt limit by the end of July.
5 Jul 21Joe Biden’s social and infrastructure spending has been tipped to still have a noticeable impact on GDP in a decade’s time because he is targeting long-term benefits to the economy.
16 Apr 21Experts say that the Biden administration’s move to ban US financial institutions from participating in the primary market for Russian bonds is likely to have little impact.
17 Mar 21A group of Democratic US politicians have proposed spending $12bn more on foreign affairs after years of flat spending.
4 Mar 21A group of progressive Democrats in the US senate has introduced a bill for a 3% annual tax on wealth exceeding $1bn, and 2% on that above $50m.
12 Feb 21US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
22 Jan 21The USA’s top health official says the country will join global efforts to help poor countries overcome Covid-19, while new Treasury secretary Janet Yellen has committed to big domestic spending...![Donald Trump and Joe Biden are the two main candidates for president in the 2020 US election [image: Shutterstock]](https://www.publicfinancefocus.org/sites/default/files/styles/pf_square/public/trump-biden-shutterstock_1724296963.jpg?itok=qg_2oYUO "Donald Trump and Joe Biden are the two main candidates for president in the 2020 US election [image: Shutterstock]")
10 Nov 20US president-elect Joe Biden faces some of the worst economic conditions in 70 years, ratings agency Moody’s has warned.
9 Nov 20San Francisco will tax “overpaid” executives to pay health workers, after city residents voted through a series of measures targeting businesses and property owners.
19 Jun 20Global talks aimed at creating an international tax system able to deal with huge multinational digital companies such as Facebook and Amazon will continue without the US, after it pulled out of...
12 Jun 20A wave of fraudulent unemployment-benefit claims has led the state audit office in Washington to launch a review into the US state government’s Employment Security Department.
24 Apr 20The US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
24 Mar 20The coronavirus outbreak will cause the US economy to contract by 24% in the second quarter of 2020, according to Goldman Sachs’ latest predictions, as the government prepares a $2trn stimulus...
24 Jan 20Healthcare was a big driver in the outcome of the recent US mid-term elections. But could the Democrats’ vision of a truly reformed healthcare system ever become a reality?
15 Aug 19The US Chamber of Commerce has urged Donald Trump not to retaliate against France for introducing a tax on internet giants like Google and Facebook, voicing concerns it could lead to a trade war with...
