In other coronavirus news, Pfizer said it planned to have several hundred thousand doses of its vaccine ready to ship once it receives regulatory approval, perhaps before 2021 the Health and Human Services secretary, Alex Azar, said vaccines and treatments were “weeks” from approval and asked Americans to “ hang in there” and here’s a look at the obscure F.D.A. Instead of requiring face masks or restricting businesses, many are urging people to take “personal responsibility,” which public health experts say isn’t enough. She is scheduled to speak with Treasury Secretary Steven Mnuchin again today.Ĭovid-19 cases are rising, but Republican governors resist lockdowns. House Speaker Nancy Pelosi said that the White House needed to make a deal on federal coronavirus aid by Tuesday for the package to pass Congress before the elections. That’s almost back to pre-pandemic rates, setting China up to account for some 30 percent of global growth as rivals struggle to contain the coronavirus.ĭemocrats set a deadline for stimulus talks.
grew 4.9 percent in the third quarter compared with the same period last year. de la Merced and Jason Karaian in London.Ĭhina’s economy regains lost ground.
Today’s DealBook newsletter was written by Andrew Ross Sorkin and Lauren Hirsch in New York, Ephrat Livni in Washington, and Michael J. That could limit the scope for tax increases, which in turn offsets less spending, “which would likely force congressional Democrats to choose among the various priorities they and the Biden campaign have outlined.” But even if there is a blue wave, analysts at Goldman Sachs argue in a note published today, Democrats are unlikely to have more than a slim majority in the Senate. If the result is another term with divided government, tax and spending policies won’t change as much as is predicted under a “blue wave” scenario, in which Democrats control the White House, Senate and House of Representatives. Biden’s tax plans over the next two weeks, from both candidates. The voters will have their say, of course, and they will hear a lot about Mr. Still, the proposals would discourage investment and hiring, it said.
How numbers help and hurt business drivers#
The right-leaning American Enterprise Institute suggested the tax plan would shrink the economy by only 0.16 percent over the next 10 years, because it would largely tax the savings of high earners who are not big drivers of growth. per capita by 8 percent over the next decade. Trump’s Council of Economic Advisers, estimated that the long-run impact of Mr. would be 4.5 percent larger at the end of 2024 than under current policies, with gains from stimulus spending outweighing drag from tax increases.Ī group of economists including Kevin Hassett, a former chairman of Mr. Biden wins and Democrats control both the House and Senate, G.D.P. The most noteworthy, perhaps, come from independent forecasters or right-of-center analysts who aren’t predisposed to look favorably on a Democratic candidate.
Biden’s proposals from the left, right and center. Who is right? The Times’s Jim Tankersley and Thomas Kaplan rounded up reports assessing the impact of Mr.
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