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Goldman Sachs Sees Democrats Spending $750 M in Extra Stimulus

M. Ali 7 January, 2021 9:21 pm Market Update

Goldman Sachs expects new government stimulus spending in the United States at around $750 billion during the first quarter (Q1) of 2021, after Democrats gained a majority in the U.S. Senate after winning the Georgia elections.

This means that the Democratic Party will be in control of both the White House and Congress, with President Elect Joe Biden set to be inaugurated on January 20 and Democrats holding a majority in both the Senate and the House of Representatives.

Goldman Sachs was previously expecting about $600 billion in additional stimulus spending.

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