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Moderate Republican senators signal opposition to Biden's economic rescue package, jeopardizing speedy passage of $1,400 stimulus checks

1 month ago   |   By Business Insider

Summary List Placement President Joe Biden's $1.9 trillion economic rescue package ran into opposition from moderate Republican senators in recent days, imperiling the odds of a speedy passage for an early White House priority.
The Biden administration is moving to garner bipartisan support for the plan. Brian Deese, the National Economic Council Director, said during a press conference on Friday the White House is pitching it to a working group of 16 centrist Democratic and GOP senators in a Sunday call.
"We're at a precarious moment for the virus and economy," Deese said during a press...
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Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan will make the stock market bubble even worse

Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan will make the stock market bubble even worse

1 month ago   |   By Business Insider

Summary List Placement
Jeremy Grantham reiterated his stock market bubble concerns in a recent Bloomberg interview.
He said Biden's $1.9 stimulus package will make the bubble even worse.
Grantham said a portion of the stimulus will end up in stocks, instead of aiding production and capital costs.
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Legendary investor Jeremy Grantham warned investors during a Bloomberg interview that the $1.9 trillion in federal aid President Joe Biden is seeking from Congress will further inflate the stock market bubble.
The GMO...
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