Tag Archives: US Economy

The Biden administration will be closely monitoring the small risk of a rise in inflation following the $1.9 trillion relief plan, said the Chairwoman of the White House Council of Economic Advisers, Cecilia Rouse, on Monday “Any economic investment is going to have some risks,” Rouse told MSNBC. “Yes, there …

Producer prices in the United States grew steadily last month, recording their largest increase in about two and a half years, data showed on Friday The producer price index (PPI) increased by 0.5% in February, after rising by 1.3% in January, according to data by the U.S. Department of Labor …

The President of the United States, Joe Biden, on Thursday signed the $1.9 trillion relief bill into law, officially ratifying what he originally proposed as the “American Rescue Plan” to help the U.S. economy recover from the impact of the Coronavirus pandemic. After Congress passed the bill, following a long …

The number of job openings in the United States rose by the end of January to 6.917 million, data showed on Thursday. The reading shown by the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Summary (JOLTS) came better than expectations of 6.6 million job openings. The number …

Democratic House of Representatives passed a $1.9 trillion coronavirus relief bill Wednesday, sending one of the largest stimulus plans in US history to President Joe Biden’s office for signature. The president hopes to sign the bill on Friday after Congress formally sends it to the White House, which could take …

The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

The United States Treasury Secretary Janet Yellen said on Tuesday that the Department will aim at quickly distributing $350 billion of state and local government aid, as part of the $1.9 trillion relief bill that is expected to be passed by Congress tomorrow. “In the coming days our Treasury team …

The Organization for Economic Cooperation and Development (OECD) expects the global economy will expand by 5.6% in 2021, raising its forecast for growth compared with an estimated rate of 4.2% in the previous report. The OECD report issued on Tuesday noted that recovery from the Coronavirus impact this year will …

The US State Department said that most of those who applied for US visas and were rejected due to Trump’s decision to ban entry to citizens of 13 countries can seek to reconsider their applications or apply for new ones. President Joe Biden canceled the ban on entry to certain …

The United States House of Representatives is set to hold a final vote on the $1.9 trillion relief bill next Wednesday. It was originally planned that the vote will take place on Tuesday, but CNN reported that it will most likely take place on Wednesday, citing senior Democrats in Congress. …