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July 22, 2021

spending

State senators: To reform South Carolina earmark spending, follow the law

USA TODAY – For more and to sign up click here John Haughey, The Center Square State Sens. Dick Harpootlian and Wes Climer have joined forces in calling out South Carolina lawmakers and officials, including Gov. Henry McMaster, for “not doing their jobs” in properly vetting earmarks under two state......

Monthly child tax credit payments are one of the best forms of government spending, economist says

CNBC
CNBC – For more and to sign up click here The enhanced federal child tax credit program, with monthly payments starting Thursday, is one of the best ways the government can allot its money to spur economic growth and help the nation’s youth, University of Maryland economist Melissa Kearney told......

The Hill’s Morning Report – Presented by Goldman Sachs – Biden rallies Senate Dems behind mammoth spending plan

USA TODAY – For more and to sign up click here Alexis Simendinger and Al Weaver        Presented by Goldman Sachs 10,000 Small Businesses Voices     Welcome to The Hill’s Morning Report. It is Thursday! We get you up to speed on the most important developments in......

Delta, Apple, Best Buy are some stocks that will benefit from consumer spending rebound, Cramer says

CNBC
CNBC – For more and to sign up click here The corporate earnings season is under way, and CNBC’s Jim Cramer thinks the early reports from major banks all have something in common: they indicate consumer spending could soon surge. “I think we’re at an inflection point where consumer spending can truly......

Biden to rally Senate Democrats on spending goals after they reach $3.5 trillion budget deal

CNBC
CNBC – For more and to sign up click here President Joe Biden is set to meet with the Senate Democratic caucus Wednesday to shore up support for his sweeping infrastructure and economic investment goals, hours after the lawmakers announced they had reached an agreement on a multitrillion-dollar budget resolution.......

Democrats want to expand Medicare benefits through spending bill

CNN
USA TODAY – For more and to sign up click here Adding these benefits to the 56-year-old health insurance program for seniors and the disabled has been a top priority for the committee’s chair, Sen. Bernie Sanders of Vermont. While President Joe Biden has voiced support for broadening the services......

Inflation will only get worse if Dems’ $6 trillion spending plan passes

NYPost
Post Editorial Board Democrats are united in the belief that laws of economics no longer exist. That you can spend trillions upon trillions — anything you want, really — with no downside. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n......

Manchin says Dems ‘need to pay for’ their multitrillion-dollar spending plans

Politico
Politico.com – For more and to sign up click here Democrats are planning to raise taxes on corporations and the wealthy to pay for new childcare, education and climate change programs, and Manchin is on board with that plan in concept. But he wants smaller tax increases on both corporate......

Senate may work into August to pass infrastructure plan, set the stage for huge spending bill

CNBC
CNBC – For more and to sign up click here Senate Majority Leader Chuck Schumer (D-NY) speaks to the media after the Senate Democratic policy luncheon on Capitol Hill in Washington, June 22, 2021. Joshua Roberts | Reuters The Senate may work into its August recess to pass both a......

Drugmakers’ Spending on Stock, Dividends and Executive Pay Exceeds Research, Democrats Say

KHN
Michael McAuliff The largest drug companies are far more interested in enriching themselves and investors than in developing new drugs, according to a House committee report released Thursday that argues the industry can afford to charge Medicare less for prescriptions. The report by the House Oversight and Reform Committee says......

Nearly half of oil and gas emissions could be cut without spending a penny

CBS News
CBS News – For more and to sign up click here As the world’s economy rebounds from the COVID-19 pandemic, demand for oil and gas is set to increase — and so is the emission of methane, a potent greenhouse gas with 80 times the heat-trapping power of carbon dioxide.......

Jrue Holiday the Deity and Atlanta’s Spending Problems | The Open Floor Podcast

Sports Illustrated
SI – For more and to sign up click here Michael Pina,Rohan Nadkarni On today’s episode, Michael and Rohan take a look back at Atlanta’s magical season and wonder if they need to consolidate some of their young pieces in order to make a stronger Finals run in the future.......

Tilman Fertitta expects consumer spending to stay strong even as Covid stimulus boost fades

CNBC
CNBC – For more and to sign up click here Landry’s Chairman and CEO Tilman Fertitta told CNBC on Tuesday he expects consumer spending to remain strong throughout the rest of 2021, even as the initial boost provided by Covid stimulus earlier this year fades.  In an interview on “Power......

Covid resurgence in parts of Asia drag down consumer spending

CNBC
CNBC – For more and to sign up click here View of Pasar Baru Traditional Market during the Covid-19 Emergency Restrictions in Bandung. Algi Febri Sugita | SOPA Images | LightRocket via Getty Images As consumer spending in China continues to lag in its economic recovery from the pandemic, a......

Here’s how to identify and control a spending problem

CNBC
CNBC – For more and to sign up click here Shoppers in San Francisco. David Paul Morris | Bloomberg | Getty Images Covid-19 vaccinations are increasing, states are dropping their pandemic restrictions and Americans are feeling good about going out and spending after a year and a half spent mostly......

Here’s how much Americans are spending on food, alcohol and fireworks this Fourth of July

CNBC
CNBC – For more and to sign up click here Food The main way Americans are expecting to spend the holiday is at cookouts, barbecues and picnics, according to the NRF, so it makes sense that the largest share of spending by consumers will be on food items. Americans are......

Walgreens said it’s seeing a comeback in discretionary spending. Here are three areas driving growth

CNBC
CNBC – For more and to sign up click here A woman walks past Boots No7 cosmetics displayed for sale at a Walgreens Boots Alliance Inc. store in New York. Michael Nagle | Bloomberg | Getty Images As people emerge from their homes again, Walgreens Boots Alliance said they are......

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