National debt nears $28T as Biden prepares new spending initiatives

Former Trump 2020 campaign senior adviser and former White House senior adviser for strategic communication Mercedes Schlapp discusses Joe Biden’s plan to reverse Trump administration policies, specifically his approach to immigration. A national debt that surged as the Trump administration contended with the financial consequences of the coronavirus pandemic is expected to rise even higher […]

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Janet Yellen’s response to job losses from minimum wage increase ‘disappointing,’ Sen. Tim Scott says

Sen. Tim Scott, R-S.C., slammed President-elect Joe Biden’s Treasury Secretary nominee, Janet Yellen, for giving a ‘disappointing’ answer Tuesday on the impact a $15 federal minimum wage would have on small businesses that are already struggling during the coronavirus pandemic. “I asked @JanetYellen how raising the minimum wage to $15 affects the millions of #smallbiz […]

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Billionaire Bernard Schwartz describes Biden as ‘pro-business’ leader; predicts boon to economy

BLS Investments chairman Bernard Schwartz is backing Joe Biden’s ability to reshape the economy and the country. The billionaire told FOX Business Network’s “The Claman Countdown” Tuesday that he believes Biden’s tax policy should not be feared by Americans, as well as that the incoming president is ready to pick up the slack President Trump […]

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Biden, Yellen not planning to weaponize US dollar for trade power

President-Elect Joe Biden’s administration is set to take a more hands-off approach to the value of the U.S. dollar than that of his outgoing predecessor, President Trump. “The value of the U.S. dollar and other currencies should be determined by markets,” said Treasury Secretary nominee Janet Yellen at her Senate confirmation hearing on Tuesday. “Markets […]

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Bank of America profit falls 22%

The second-largest bank in the U.S. said Tuesday that its profit totaled $5.47 billion in the final three months of the year, versus $6.99 billion a year earlier. Still, per-share earnings of 59 cents topped analyst estimates of 55 cents a share. Bank of America released $828 million of its reserves. That is a small […]

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