The post is similar to the one the president himself held while serving as VP to Obama.Gene Sperling served as head of the National Economic Council under both Bill Clinton and Barack Obama, as well as a top adviser at the Treasury Department under Obama.President Joe Biden is appointing Gene Sperling to a role overseeing the implementation of the administration’s coronavirus relief plan, a White House official confirmed on Monday.The announcement could come as early as Monday, sources familiar with the plans told POLITICO, which first reported the administration’s plans to tap Sperling.A...…The post is similar to the one the president himself held while serving as VP to Obama.Gene Sperling served as head of the National Economic Council under both Bill Clinton and Barack Obama, as well as a top adviser at the Treasury Department under Obama.President Joe Biden is appointing Gene Sperling to a role overseeing the implementation of the administration’s coronavirus relief plan, a White House official confirmed on Monday.The announcement could come as early as Monday, sources familiar with the plans told POLITICO, which first reported the administration’s plans to tap Sperling.A...WW…

Another massive injection of federal cash could ignite the economy like never before. It also could drive up inflation and burst market bubbles, creating new headaches in an otherwise positive outlook.A woman walks past a "Now Hiring" sign displayed at a CD One Price Cleaners in Schaumburg, Ill., on Feb. 6, 2021. | Nam Y. Huh/AP PhotoCongress on Wednesday approved the largest injection of federal cash into a growing economy in U.S. history. The nearly $2 trillion stimulus package headed to President Joe Biden’s desk comes after lawmakers approved nearly $4 trillion last year as the economy...…Another massive injection of federal cash could ignite the economy like never before. It also could drive up inflation and burst market bubbles, creating new headaches in an otherwise positive outlook.A woman walks past a "Now Hiring" sign displayed at a CD One Price Cleaners in Schaumburg, Ill., on Feb. 6, 2021. | Nam Y. Huh/AP PhotoCongress on Wednesday approved the largest injection of federal cash into a growing economy in U.S. history. The nearly $2 trillion stimulus package headed to President Joe Biden’s desk comes after lawmakers approved nearly $4 trillion last year as the economy...WW…

Vaccine euphoria is giving economic forecasters hope for a blockbuster 2021 and stretching stock market valuations to historic highs. It’s a setup that leaves no room for error.President-elect Joe Biden speaks at The Queen theater on Dec. 14, 2020 in Wilmington, Del. | Drew Angerer/Getty ImagesThe economy Joe Biden will inherit as president in 2021 could be headed toward a historic boom or a disappointing bust.Two factors are most likely to determine the outcome: The rapid and effective deployment of coronavirus vaccines, and further stimulus injected into the system to sustain the nation...…Vaccine euphoria is giving economic forecasters hope for a blockbuster 2021 and stretching stock market valuations to historic highs. It’s a setup that leaves no room for error.President-elect Joe Biden speaks at The Queen theater on Dec. 14, 2020 in Wilmington, Del. | Drew Angerer/Getty ImagesThe economy Joe Biden will inherit as president in 2021 could be headed toward a historic boom or a disappointing bust.Two factors are most likely to determine the outcome: The rapid and effective deployment of coronavirus vaccines, and further stimulus injected into the system to sustain the nation...WW…

Many investors are betting on a Democratic sweep. But some other scenarios could create an unsettling environment for markets.Pedestrians pass the New York Stock Exchange Oct. 2 on Wall Street in New York. | John Minchillo/AP PhotoPresident Donald Trump loves to say that if Joe Biden wins the White House, stocks will crash, retirement accounts will vanish and an economic depression “the likes of which you’ve never seen” will engulf the nation.But much of Wall Street is already betting on a Biden win — with a much different take on what the results will mean.Traders in recent weeks have been...…Many investors are betting on a Democratic sweep. But some other scenarios could create an unsettling environment for markets.Pedestrians pass the New York Stock Exchange Oct. 2 on Wall Street in New York. | John Minchillo/AP PhotoPresident Donald Trump loves to say that if Joe Biden wins the White House, stocks will crash, retirement accounts will vanish and an economic depression “the likes of which you’ve never seen” will engulf the nation.But much of Wall Street is already betting on a Biden win — with a much different take on what the results will mean.Traders in recent weeks have been...WW…

September’s jobs report showed a slowdown in Covid-19 recovery. But Biden still faces challenges talking about an economy that’s been rebounding.President Donald Trump.President Donald Trump’s much heralded economic rebound is showing signs of fizzling out.The U.S. added 661,000 jobs in September, a performance that ordinarily would be seen as stellar. But it was well below expectations for close to 1 million and represents a further slowdown in monthly job growth from the initial 4.8 million gained back in June and leaves the economy over 10 million short of restoring the 22 million jobs...…September’s jobs report showed a slowdown in Covid-19 recovery. But Biden still faces challenges talking about an economy that’s been rebounding.President Donald Trump.President Donald Trump’s much heralded economic rebound is showing signs of fizzling out.The U.S. added 661,000 jobs in September, a performance that ordinarily would be seen as stellar. But it was well below expectations for close to 1 million and represents a further slowdown in monthly job growth from the initial 4.8 million gained back in June and leaves the economy over 10 million short of restoring the 22 million jobs...WW…

“The economy is just so damn strong right now and by all historic precedent the incumbent should run away with it,” said Donald Luskin, chief investment officer of TrendMacrolytics, a research firm whose model correctly predicted Trump’s 2016 win when most opinion polls did not. | Evan Vucci/AP PhotoPresident Donald Trump has a low approval rating. He is engaging in bitter Twitter wars and facing metastasizing investigations.But if the election were held today, he’d likely ride to a second term in a huge landslide, according to multiple economic models with strong track records of picking...…“The economy is just so damn strong right now and by all historic precedent the incumbent should run away with it,” said Donald Luskin, chief investment officer of TrendMacrolytics, a research firm whose model correctly predicted Trump’s 2016 win when most opinion polls did not. | Evan Vucci/AP PhotoPresident Donald Trump has a low approval rating. He is engaging in bitter Twitter wars and facing metastasizing investigations.But if the election were held today, he’d likely ride to a second term in a huge landslide, according to multiple economic models with strong track records of picking...WW…