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US Economy

US Senate passes US$1.9 trillion relief bill after marathon votes

President Joe Biden’s signature US$1.9 trillion ($2.55 trillion) Covid-19 relief bill passed the Senate 50-49 on Saturday following a more than 25-hour marathon of amendment votes completed after D

US Economy

US economy to grow 5% in 2021

Despite Covid-19 headwinds adding a touch of gloom to the global economic outlook, Fitch Solutions remains bullish about the fate of the US economy going into the coming year.

Fed's Powell more worried by cool economy than hot markets - THE EDGE SINGAPORE

US Economy

Fed's Powell more worried by cool economy than hot markets

Declaring that the battle against Covid-19 is not over, Federal Reserve Chairman Jerome Powell pledged to keep the monetary spigots wide open to aid the pandemic-hit economy, brushing aside concern

US Economy

US Congress reaches deal on US$900 bil pandemic relief plan

Congressional leaders reached a deal on a roughly US$900 billion ($1.19 trillion) spending package to bolster the US economy amid the continued coronavirus pandemic giving lawmakers a short timetab

US Economy

Can the US avoid its third government shutdown in three years?

Congressional leaders are working through the final sticking points of a coronavirus relief deal, although the agreement probably won’t come together in time for both chambers to vote before Friday

US Economy

Mnuchin pitches new US$916 bil stimulus package to Pelosi

Treasury Secretary Steven Mnuchin said he presented a new US$916 billion ($1.22 trillion) Covid-19 relief proposal to House Speaker Nancy Pelosi, in the first move by the Trump administration since

US Economy

Congress running out of time to pass fiscal stimulus as holiday season approaches

Congress faces a rapidly approaching deadline to pass a new round of funding for the U.S.

US Economy

Trump vs Biden: Fiscal policy is on the ballot

The marquee event of the 2020 schedule is around the corner. From a market perspective, the upcoming Nov 3 US election and aftermath are assuming increased importance.

US Economy

Pelosi plays hard ball with 48-Hour fiscal stimulus deadline as Trump ponders larger package

Nancy Pelosi set a Tuesday deadline for more progress with the White House on a fiscal stimulus deal before the Nov.

US Economy

Goldman says to short US dollar on rising likelihood of Biden win

The dollar may tumble to its lows of 2018 on the rising likelihood of Joe Biden winning the U.S. election and progress on a coronavirus vaccine, according to Goldman Sachs Group Inc.

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