WASHINGTON (AP) The Federal Reserve said Wednesday that it will start selling off the holdings of one of its emergency lending programs created last year to stabilize financial markets at the height of the pandemic crisis. The Fed will begin winding down the portfolio of the Secondary Corporate Credit Facility, which at the close […]
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Liberal Treasurer Josh Frydenberg will deliver a Labor federal budget next Tuesday.
More spending on childcare, aged care, disability and mental health, as well as tax refunds for low- and middle-income earners is in the offing.
In these unorthodox economic times, Treasury, the Reserve Bank of Australia and market economists have all given the government the green light for a more activist fiscal policy.
Treasurer Josh Frydenberg delivers his pre-budget speech to the Australian Chamber of Commerce and Industry at Parliament House.Â
Alex Ellinghausen
Even economists who would normally be identified as fiscally disciplined, have backed the government playing a bigger role managing the economic cycle beyond the immediate COVID-19 crisis.
Nancy Pelosi proved to be a moving target.
When I began working on a biography of the House speaker two years ago, the deadline to my publisher was Labor Day 2020, with an extension carved out to submit a final chapter right after Election Day. The theory: Early in the election year Pelosi would be supplanted as the leading Democratic counterpart to President Donald Trump by the party’s presidential nominee, whoever that turned out to be. That would leave time and space to assess the most powerful woman in American history. Then election night would settle Trump’s future and the success of Pelosi’s stand against him.