Tag Archives: Biden

As President Biden prepares to deliver his first State of the Union address Tuesday night, a new Yahoo News/YouGov poll shows that a combination of Republican rancor and Democratic disappointment has left his approval rating languishing near an all-time low after a tumultuous first year in office. The survey of 1,532 U.S. adults, which was conducted online from Feb. 24 to 27, found that just 41 percent of them now approve of how Biden is handling his job — a number that has hovered between… Source link

On Wednesday, the Biden administration said it will set aside $450 million from the Bipartisan Infrastructure Law this year towards accomplishing one goal: unclogging U.S. ports. Individual ports, which operate as independent businesses, will soon be able to apply for money from the government to pay for a wide range of projects — from expanding terminals to constructing new piers to creating rail yards for moving goods. “At a foundational level, all of the projects to be chosen must… Source link

President Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide strategy to regulate digital assets. According to an administration official familiar with the matter, the forthcoming directive will commission a study of a CBDC and ask a range of agencies – including the Departments of Treasury, State, Justice and Homeland Security – to develop… Source link

President Biden said something completely obvious on Feb. 8 — and it was big news for one of America’s most innovative companies. During an otherwise unremarkable address on domestic manufacturing, Biden referred to Tesla (TSLA) as “our nation’s largest electric vehicle maker.” This is unmistakably true, and nobody disputes it. But up till now, Biden has pushed aggressively for more electric vehicle manufacturing without ever acknowledging that Tesla already produces close to 1… Source link

Reports over the weekend suggest that US President Biden is going to introduce an Executive Order for cryptocurrencies at the beginning of February. The order is expected to span across government and plans to weigh-up the benefits and disadvantages of digital assets, alongside implementing a reporting system for government on cryptocurrencies. Officials are yet to confirm the rumour. What has been confirmed is that there have been several top-level meetings with senior figures at the White… Source link

The Biden administration will announce three nominees for top jobs at the nation’s central bank, naming Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson to fill spots on the Federal Reserve’s Board of Governors, according to a source familiar with the matter. The official announcement could be made as soon as Friday. Raskin has specifically been tapped to steer the Fed’s policies on bank regulations as Fed vice chair of supervision, according to a person familiar with the matter. The… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, January 13, 2021 Surging prices are now both an economic and political risk “Annus horribilis,” a Latin term that means “horrible year” is a term once famously deployed by the Queen of England to describe 1992, a tumultuous year upon which she declared she would not regard fondly. Given current trends, the same label may yet apply… Source link

Inflation has become one of the top economic issues in the U.S., and the Biden administration is acting accordingly with various policy actions. U.S. consumer prices rose 0.5% in December and 7.0% on a year-over-year basis, according to the Bureau of Labor Statistics. It’s the fastest rate since 1982.  Two of the biggest drivers of price spikes over 2021 have been in food and energy which is likely the reason the White House has focused on both of those sectors both for inflation as well as… Source link

When Democrats passed one year of an expanded Child Tax Credit within the $1.9 trillion American Rescue Plan, many of the credit’s supporters hoped it would become permanent. White House economic adviser Heather Boushey called the tax credit a “basic benefit” when speaking to Yahoo Finance in March as the relief package was becoming law. She predicted the overall package “will cut child poverty in half this year in no small part, due to this expansion of the Child Tax Credit.” That… Source link

President Biden visited with well over 100 top business leaders and CEOs during his first year in office. That comes according to a Yahoo Finance analysis of the president’s public schedule since Jan. 20. He met virtually and in-person with leaders to cover issues like supply chains, COVID-19 vaccines, the semiconductor shortage, his legislative agenda and more. The most frequent guests — with three interactions each — were Ford (F) CEO Jim Farley, General Motors (GM) CEO Mary Barra,… Source link