This article was published more than 2 years agoCommentGift ShareThis article is free to access.Why?The Washington Post is providing this news free to all readers as a public service.Follow this story and more by President Trump on Monday said he is considering scaling back steps to constrain the spread of the coronavirus in the next week or two because of concerns that the impact on the economy has become too severe.But loosening restrictions on social distancing and similar measures soon probably would require him to override the internal warnings of senior U.S. health officials,...…This article was published more than 2 years agoCommentGift ShareThis article is free to access.Why?The Washington Post is providing this news free to all readers as a public service.Follow this story and more by President Trump on Monday said he is considering scaling back steps to constrain the spread of the coronavirus in the next week or two because of concerns that the impact on the economy has become too severe.But loosening restrictions on social distancing and similar measures soon probably would require him to override the internal warnings of senior U.S. health officials,...WW…

This article was published more than 4 years agoGift ShareSen. Bernie Sanders (I-Vt.) will announce a plan for the federal government to guarantee a job paying $15 an hour and health-care benefits to every American worker “who wants or needs one,” embracing the kind of large-scale government works project that Democrats have shied away from in recent decades.Sanders's jobs guarantee would fund hundreds of projects throughout the United States aimed at addressing priorities such as infrastructure, care giving, the environment, education...…This article was published more than 4 years agoGift ShareSen. Bernie Sanders (I-Vt.) will announce a plan for the federal government to guarantee a job paying $15 an hour and health-care benefits to every American worker “who wants or needs one,” embracing the kind of large-scale government works project that Democrats have shied away from in recent decades.Sanders's jobs guarantee would fund hundreds of projects throughout the United States aimed at addressing priorities such as infrastructure, care giving, the environment, education...WW…

This article was published more than 3 years agoCommentGift ShareThe economist Giacomo Corneo is a self-proclaimed socialist. A professor at the Free University of Berlin, Corneo is steeped in the writings of Karl Marx and, in conversation, rattles off the beliefs of the founder of communism. The professor works with Germany’s Greens party.But on perhaps one of the most important economic policy debates of the day — higher taxes on the rich and corporations — Corneo voices the types of concerns not typically raised by economists on the left.“We have to recognize that the traditional...…This article was published more than 3 years agoCommentGift ShareThe economist Giacomo Corneo is a self-proclaimed socialist. A professor at the Free University of Berlin, Corneo is steeped in the writings of Karl Marx and, in conversation, rattles off the beliefs of the founder of communism. The professor works with Germany’s Greens party.But on perhaps one of the most important economic policy debates of the day — higher taxes on the rich and corporations — Corneo voices the types of concerns not typically raised by economists on the left.“We have to recognize that the traditional...WW…

Former President Barack Obama came to the defense of his health care legacy, the Affordable Care Act, on Thursday a few hours after Senate Republicans released their bill to repeal it., he criticized Senate Republicans’ health care bill as “a massive transfer of wealth from middle-class and poor families to the richest people in America.”“It hands enormous tax cuts to the rich and to the drug and insurance industries, paid for by cutting health care for everybody else,” Obama said.He added that it would cost millions their health insurance: “Discrimination based on pre-existing conditions...…Former President Barack Obama came to the defense of his health care legacy, the Affordable Care Act, on Thursday a few hours after Senate Republicans released their bill to repeal it., he criticized Senate Republicans’ health care bill as “a massive transfer of wealth from middle-class and poor families to the richest people in America.”“It hands enormous tax cuts to the rich and to the drug and insurance industries, paid for by cutting health care for everybody else,” Obama said.He added that it would cost millions their health insurance: “Discrimination based on pre-existing conditions...WW…

This article was published more than 3 years agoCommentGift ShareFacebook CEO Mark Zuckerberg appeared to defend the existence of billionaires on Friday, pushing back against Sen. Bernie Sanders’s assertion that nobody in America deserves to be a billionaire.Zuckerberg, who is worth , seemed to express concern in an interview on Fox News that eliminating billionaires in America would stifle competition between private and public actors in funding scientific research and philanthropy.Zuckerberg did express uneasiness about levels of wealth inequality in the U.S. and said he doubted...…This article was published more than 3 years agoCommentGift ShareFacebook CEO Mark Zuckerberg appeared to defend the existence of billionaires on Friday, pushing back against Sen. Bernie Sanders’s assertion that nobody in America deserves to be a billionaire.Zuckerberg, who is worth , seemed to express concern in an interview on Fox News that eliminating billionaires in America would stifle competition between private and public actors in funding scientific research and philanthropy.Zuckerberg did express uneasiness about levels of wealth inequality in the U.S. and said he doubted...WW…

This article was published more than 2 years agoCommentGift ShareWith days to go before enhanced jobless benefits expire, the White House and Senate Republicans are struggling to design a way to scale back the program without overwhelming state unemployment agencies and imperiling aid to more than 20 million Americans.The hang-up has led to an abrupt in the introduction of the GOP’s $1 trillion stimulus package. The White House and Democrats have said they want a deal by the end of the month, but Senate Majority Leader Mitch McConnell (R-Ky.) suggested Friday that reaching an agreement...…This article was published more than 2 years agoCommentGift ShareWith days to go before enhanced jobless benefits expire, the White House and Senate Republicans are struggling to design a way to scale back the program without overwhelming state unemployment agencies and imperiling aid to more than 20 million Americans.The hang-up has led to an abrupt in the introduction of the GOP’s $1 trillion stimulus package. The White House and Democrats have said they want a deal by the end of the month, but Senate Majority Leader Mitch McConnell (R-Ky.) suggested Friday that reaching an agreement...WW…

This article was published more than 2 years agoCommentGift ShareWhite House officials have decided not to release updated economic projections this summer, opting against publishing forecasts that would almost certainly codify an administration assessment that the coronavirus pandemic has led to a severe economic downturn, according to three people with knowledge of the decision.The White House is supposed to unveil a federal budget proposal every February and then typically provides a “mid-session review” in July or August with updated projections on economic trends such as...…This article was published more than 2 years agoCommentGift ShareWhite House officials have decided not to release updated economic projections this summer, opting against publishing forecasts that would almost certainly codify an administration assessment that the coronavirus pandemic has led to a severe economic downturn, according to three people with knowledge of the decision.The White House is supposed to unveil a federal budget proposal every February and then typically provides a “mid-session review” in July or August with updated projections on economic trends such as...WW…

This article was published more than 2 years agoCommentGift SharePresident Trump appeared on Wednesday to back another round of stimulus payments to millions of Americans as part of a larger spending package, but his jumbled remarks make the White House’s position on the matter unclear.There are sharp divisions among Republicans about whether to approve a second round of $1,200 payments, and the president’s own aides haven’t reached a consensus. The first round of payments, approved in late March, went to more than 150 million American households.Asked by Fox Business if he supports...…This article was published more than 2 years agoCommentGift SharePresident Trump appeared on Wednesday to back another round of stimulus payments to millions of Americans as part of a larger spending package, but his jumbled remarks make the White House’s position on the matter unclear.There are sharp divisions among Republicans about whether to approve a second round of $1,200 payments, and the president’s own aides haven’t reached a consensus. The first round of payments, approved in late March, went to more than 150 million American households.Asked by Fox Business if he supports...WW…

This article was published more than 2 years agoCommentGift ShareSenior U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic, according to four senior administration officials with knowledge of internal planning.The move could splinter already strained relations between the two superpowers at a perilous moment for the global economy.Senior officials across multiple government agencies are expected to meet Thursday to begin mapping out a strategy for seeking retaliatory measures...…This article was published more than 2 years agoCommentGift ShareSenior U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic, according to four senior administration officials with knowledge of internal planning.The move could splinter already strained relations between the two superpowers at a perilous moment for the global economy.Senior officials across multiple government agencies are expected to meet Thursday to begin mapping out a strategy for seeking retaliatory measures...WW…

This article was published more than 2 years agoCommentGift ShareThe Treasury Department announced Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company.Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide, while taking a 29.6 percent equity stake in the company. The U.S. government does not typically take ownership stakes in companies but was given permission to do so by Congress as a way to ensure taxpayer...…This article was published more than 2 years agoCommentGift ShareThe Treasury Department announced Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company.Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide, while taking a 29.6 percent equity stake in the company. The U.S. government does not typically take ownership stakes in companies but was given permission to do so by Congress as a way to ensure taxpayer...WW…