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January 19, 2021

spending

China says its economy grew 2.3% in 2020, but consumer spending fell

CNBC
CNBC – For more and to sign up click here Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province on Jan. 4, 2021. Stringer | AFP | Getty Images BEIJING — China reported GDP rose 2.3% last year as......

How IBM influences policy without spending big money on election campaigns

CNBC
CNBC – For more and to sign up click here Trump supporters stand on the U.S. Capitol Police armored vehicle as others take over the steps of the Capitol on Wednesday, Jan. 6, 2021, as the Congress works to certify the electoral college votes. Bill Clark | CQ-Roll Call, Inc.......

‘Careful what you wish for’: Hedge fund manager says Biden’s spending plan could cause market crash akin to 1929

CNBC
CNBC – For more and to sign up click here People gathering on Wall Street in front of the New York Stock Exchange, October 25, 1929. Ullstein bild | Getty Images President-elect Joe Biden’s Covid spending plan could recreate the financial conditions seen in the run-up to the 1929 Wall......

Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn

New York Times
WASHINGTON — President-elect Joseph R. Biden Jr. on Thursday proposed a $1.9 trillion rescue package to combat the economic downturn and the Covid-19 crisis, outlining the type of sweeping aid that Democrats have demanded for months and signaling the shift in the federal government’s pandemic response as Mr. Biden prepares......

Biden Set to Call for Big Spending on Stimulus and Vaccines

New York Times
WASHINGTON — President-elect Joseph R. Biden Jr. on Thursday is expected to outline proposals for trillions of dollars in government spending to combat the coronavirus pandemic and its effects on the economy, with an initial focus on large-scale expansions of the nation’s vaccination program and virus testing capacity. Mr. Biden......

Homebound families are spending more time and money on pets, Zoetis CEO says

CNBC
CNBC – For more and to sign up click here Pet ownership rates rose during the coronavirus pandemic, creating a strong growth driver for the animal industry overall, Zoetis CEO Kristin Peck told CNBC’s Jim Cramer on Wednesday. As Americans began spending more time at home last year, pet adoptions......

Labour calls for ‘responsible’ tax and spending

BBC
The shadow chancellor has called for a “more responsible” approach to tax and spending policy, including annual audits from the public spending watchdog. Anneliese Dodds said a Labour government would ask the National Audit Office to vet spending each year and respond with “clear, tangible commitments”. Speaking at the Business......

Why Priyanka Chopra Loved Spending More Time With Nick Jonas During Quarantine – E! Online

eonline
While the coronavirus pandemic has challenged many people’s relationships, Priyanka Chopra cherishes the quality time she has gotten to spend with husband Nick Jonas. In an interview… E! Online – For more and to sign up click here To Return to the Main Aggregate News Page – click here...

A budget game plan: Mother of five pledges to freeze all of her non-essential spending for January

CNBC
CNBC – For more and to sign up click here Rachel Bozarth and her family have frozen their spending on non-essential items for the month of January. Source: Rachel Bozarth Rachael Bozarth is taking some drastic measures to attack her debt. The 32-year old mother of five has pledged to......

GasBuddy expects recovery in fuel spending in U.S. after Covid caused $100 billion decline

CNBC
CNBC – For more and to sign up click here An employee of a gas station adjusts gasoline pump prices as they continue to fall with the oil market in turmoil on April 21, 2020, in Arlington, Virginia. Olivier Douliery | AFP | Getty Images U.S. spending on gas this......

U.S. construction spending races to record high in November

Reuters
WASHINGTON (Reuters) – U.S. construction spending rose to a record high in November, boosted by a robust housing market amid historically low mortgage rates, which could help blunt some of the hit on the economy from raging COVID-19 infections. FILE PHOTO: A home under construction stands behind a “sold” sign......

Can’t afford an estate plan? Here’s what you can do without spending a fortune

CNBC
CNBC – For more and to sign up click here Hill Street Studios | DigitalVision | Getty Images Estate planning isn’t only for the wealthy — yet the majority of Americans don’t have a plan in place. Plans may include a will, powers of attorney and a living will —......

Trump budget chief refuses to direct staff to help with Biden spending plans

CNBC
CNBC – For more and to sign up click here Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White House in Washington, U.S., March 11, 2019. Jonathan Ernst | Reuters The head of the White House budget office on......

Trump is trying to link stimulus checks, defense spending to a contentious tech protection – what to know

CNBC
CNBC – For more and to sign up click here President Donald Trump Carlos Barria | Reuters President Donald Trump is pressuring his Republican allies over a law that has protected social media companies for decades. In his final weeks in office, Trump has launched a full-bore attack on Section......

Georgia senator fighting for reelection personally lobbied Trump to sign spending bill

CNN
USA TODAY – For more and to sign up click here Perdue, who is fighting for his political career in a runoff in Georgia next week, met with Trump over the holiday break, according to sources familiar with the discussions. CNN reported earlier Monday that the President’s signature on the......

State general revenue spending to decline for first time since Great Recession

WashingtonExaminer
USA TODAY – For more and to sign up click here In fiscal 2021, general revenue spending by U.S. is expected to decline for the first time since the Great Recession based on the most current estimates by the National Association of State Budget Offices. After nine consecutive years of......

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