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Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear...
On Wednesday, the U.S. House gave final approval to coronavirus stimulus bill 3.0. For those keeping score at home, that brings total stimulus spending approved during the pandemic to $5 trillion. So, what exactly is all of this money going to be spent on? And who is...
Last week Congress passed a massive coronavirus relief and omnibus spending bill. President Trump threatened to veto the bill, saying he wants an increase in the amount for “stimulus” checks authorized by the bill from 600 dollars to 2,000 dollars. The checks are...
Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot. The US Treasury projected that it would borrow $2.99 trillion in the second quarter fo this year. The Trump administration also plans to borrow...
The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more; and politicians scheming for new ways to dole out additional trillions in cash. Most taxpayers have already received their...