Janet Yellen, Biden's pick for treasury secretary, says U.S. needs more pandemic relief spending

Yellen, a former Fed chair, has advocated for more spending to aid small businesses and the unemployed during COVID-19.
Yellen is seen as an authority on what happens if the government cuts back on stimulus spending too soon.
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What's next for Main Street, Wall Street as Fed lending programs are set to expire

Nov 20, 2020
Fed programs and policy have helped ease economic pain during the pandemic. In its dwindling days, the Trump administration will end some of those emergency programs Dec. 31.
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin greet each other after testifying before Congress in June.
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What to expect from Biden on propping up the COVID economy

Biden's COVID task force is expected to tackle funding for state and local governments, as well as schools and small businesses.
President-Elect Joe Biden and Vice President-Elect Kamala Harris take the stage at the Chase Center to address the nation Nov. 7, 2020 in Wilmington, Delaware.
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Millions of people may still be eligible to receive one-time pandemic relief checks

Nov 9, 2020
The deadline for filing information with the IRS to get the money is Nov. 21.
People who didn't receive a COVID-19 relief check could still get one.
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Fed Chair Powell says full economic recovery depends on managing COVID-19

Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
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The job market is still in recovery, but it's also still losing momentum

Nov 6, 2020
The decline in unemployment has slowed since an early rebound from the first wave of COVID-19 shutdowns.
The manufacturing and construction sectors have done pretty well throughout the pandemic, but But, jobs in travel, hotels and restaurants are still way down.
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And the winner is ... Yep, economists have models for every outcome

Nov 4, 2020
When variables include who will be president and who controls Congress, GDP and unemployment forecasts look very different.
A Democratic sweep would likely mean more and larger coronavirus relief packages, driving economic growth.
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How the election will shape economic policy before inauguration

Nov 3, 2020
Analysts predict the outcome of the election will play a key role in what legislation makes it through the legislative process before the end of this year.
Election results could determine how much legislation is passed between now and the end of the year.
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White House ups offer in virus aid before talks with Pelosi

Oct 9, 2020
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed negotiations on a new stimulus package Friday afternoon.
Speaker of the House Rep. Nancy Pelosi on Capitol Hill, on Sept. 8, 2020.
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Without more relief spending, the recovery's likely to stall

Oct 7, 2020
And that's likely to hurt families who are already stretched to the limit.
President Trump gives a thumbs up upon his return to the White House from Walter Reed National Military Medical Center on Oct. 05. The president said he was ending stimulus talks Tuesday, but later backtracked.
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