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Economy

“America’s debt tops $34 trillion, but a commission to address it appears dead in Congress”

“…It’s well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt. “The consequences if we don’t act now are unbearable,” he said, echoing warnings from his predecessor and… Continue Reading…

Economy, Predictions, Opinions, & Comments

“Are Stocks Going to Crash if Joe Biden Wins and Democrats Control Congress? Here’s What History Says About Stock Market Returns When Democrats Win.”

https://finance.yahoo.com/news/stocks-going-crash-joe-biden-090600124.html This article is garbage so I’ll just comment on the headline. This is my opinion on whats going to happen. The market is going to crash either way but outcomes will be different depending on who’s President. Under Biden… Continue Reading…

Economy, Stocks

“Are Stocks Going to Crash if Donald Trump Wins and Republicans Control Congress? Here’s What History Says About Stock Market Returns When Republicans Win.”

“…There are two potential issues Wall Street and investors might have with a Republican-controlled Congress and Trump at the helm. To start with, Republicans may aim to pass tax reforms that would reduce corporate and personal income-tax rates. While people… Continue Reading…

Economy

“Congress passes $886 billion defense policy bill, Biden to sign into law”

“More than two-thirds of the U.S. House of Representatives voted in favor of a defense policy bill on Thursday that includes a record $886 billion in annual military spending and authorizes policies such as aid for Ukraine and push back… Continue Reading…

Banking, Economy

“Milei to Send ‘Shock’ Package to Argentina’s Congress on Day One”

“…“This is urgent,” he said in an interview broadcast Sunday by LN+ TV, adding that Argentina can’t wait for the usual start of congressional sessions in March. “Solving the central bank’s problems as soon as possible” and “halting monetary emission”… Continue Reading…

Stocks

“Dow slides by 200 points at the open as control of Congress remains unclear”

“…The Dow Jones Industrial Average fell 270 points, or about 0.8%. The S&P 500 shed 0.9%, and the Nasdaq Composite slid 1.2%. Stocks are coming off three-straight days of gains into the election, where Wall Street was expecting Republicans to… Continue Reading…

Business, Economy

“A massive drop in car sales sparks new push in Congress to aid the auto industry”

“A precipitous decline in car sales amid the deadly coronavirus outbreak has caught the attention of Capitol Hill, where some lawmakers are now urging Congress to authorize new aid for the auto industry. The heightened push on Capitol Hill comes as the… Continue Reading…

Economy

“White House, Congress agree on $2 trillion virus rescue bill”

“The White House and Senate leaders of both parties announced agreement early Wednesday on an unprecedented $2 trillion emergency bill to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed measure… Continue Reading…