US Job Market will take a Few Months to Recover the Economy
The US job market will take a few months to recover enough that the Federal Reserve can reduce its crisis-era support for the economy. Richmond Federal Reserve Bank President Thomas Barkin added a centrist voice to the open debate about when to trim
White House announced Final Pause Extension on Student Loan Repayment
The US Department of Education issued a press release. It says the administration of US President Joe Biden has extended its pause on student loan repayment, interest, and collections until 31st January 2022. The department said, “It is a final extension. The additional
President Biden’s $6 trillion Budget proposal and predicted economic growth
US President Joe Biden’s budget blueprint has predicted a considerable amount of growth during his presidency and beyond, in spite of he has projected on how a federal spending spree is needed to spur on job creation. A chart released on the White
Why at least half of 2020 College Grads in the US are still jobless?
There is a massive number of 2020 graduates struggling to get their careers off the ground, or even land a decent job, following the pandemic’s epic hit to the US job market. The fallout may also cloud the employment picture for the class
President Biden’s new order for Labor Department about Unemployed Americans
On Monday, President Biden ordered the US Labor Department to ensure that unemployed Americans cannot draw enhanced federal jobless benefits if they turn down a suitable job offer. He also rejected claims by Republicans that his weekly unemployment bonus is undermining efforts to
White House plans to raise capital gains taxes for Americans
On Monday, a top economic adviser to President Joe Biden, Brian Deese said that the White House is planning to raise capital gains taxes for Americans earning more than $1 million. The director of the National Economic Council, Brian Deese confirmed during a
President Biden’s revenue plan by increasing Taxes includes Marriage Penalty
Experts believe that US President Joe Biden’s plan to raise revenue by increasing taxes on higher-income individuals and households could penalize married couples. Biden has been clear all along that families earning up to $400,000 would not be the target of the tax
Biden Administration is planning for a $3T Infrastructure & Economic Package
The Biden administration officials are making a plan for a multipart infrastructure and economic package. The supposed package could cost around $3 trillion. It would fulfill key elements of President Biden’s campaign agenda. The first proposal would center on roads, bridges, and other
Internal Revenue Service started sending $1,400 Stimulus Payments via Direct Deposits
Americans to receive President Joe Biden’s $1.9 trillion COVID-19 relief package in their bank accounts this weekend. The Biden administration officials said the first batch of $1,400 stimulus payments was processed on Friday with additional large batches of payments to be sent via
President Biden plans to increase the admissions of refugees to 125K in the US
The administration of President Joe Biden has prepared to inform US Congress and others that the US has planned to increase the admissions of refugees in the country. The White House officials and other sources linked to the matter informed that President Biden
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