Biden Huddles With Democrats as Divisions Threaten His Agenda

That path is exceedingly murky as Democrats careen toward a tangle of fiscal and political deadlines with no discernible public strategy in place, but party leaders remained publicly sanguine on Wednesday. Understand the Infrastructure Bill One trillion dollar package passed. The Senate passed a sweeping bipartisan infrastructure package on Aug. 10, capping weeks of intense negotiations and …

Read more

Federal Reserve Signals It May Soon Slow Bond Purchases

Federal Reserve officials indicated on Wednesday that they expect to soon slow the asset purchases they have been using to support the economy and predicted that they might raise interest rates next year, signs that policymakers are preparing to pivot away from full-blast monetary help as the business environment snaps back from the pandemic shock. …

Read more

Google to Spend $2.1 Billion on Manhattan Office Building

Google on Tuesday announced it would spend $2.1 billion to buy a sprawling Manhattan office building on the Hudson River waterfront, further cementing the tech giant’s rapidly expanding presence in New York City and providing a jolt of optimism for a city lashed by the pandemic and the shift to remote work. The purchase price …

Read more

Why Washington Worries About Stablecoins

That makes them the type of financial product “macroeconomic disasters usually come from,” said Morgan Ricks, a professor at Vanderbilt University Law School and former policy adviser at the Treasury Department. “The stakes are really, really high here.” Business & Economy Updated  Sept. 17, 2021, 2:03 p.m. ET That said, some people — including George …

Read more

How House Democrats Plan to Raise $2.9 Trillion for a Safety Net

WASHINGTON — Top Democrats on Monday released legislation that would raise as much as $2.9 trillion to finance President Biden’s social safety net package through a series of tax changes, including increasing the amount that the wealthiest Americans and corporations pay in taxes. The legislation, released by the House Ways and Means Committee, amounts to an …

Read more

Biden’s New Vaccine Push Is a Fight for the U.S. Economy

WASHINGTON — President Biden’s aggressive move to expand the number of vaccinated Americans and halt the spread of the Delta variant is not just an effort to save lives. It is also an attempt to counter the continuing and evolving threat that the virus poses to the economy. Delta’s rise has been fueled in part …

Read more