While the economy is roaring back and the pandemic looks like it might finally ease, one troubling trend remains: The United States is piling up debt as never before. Federal deficits in 2020 and 2021 are certain to be the biggest relative to gross domestic product since World War II. By 2031, the federal debt will reach an all-time record share of the nationâs economy, the Congressional Budget Office forecasts, even if current spending doesnât change.
Yet economists appear less concerned than they were five years ago. And Democrats and even some Republican policymakers have plans for even more government spending. One reason is that economic recovery has trumped debt concerns. Another is that interest rates are so low that the costs of government borrowing are almost nil.
Leading Trademark Attorney Joins Panitch Schwarze Belisario & Nadel LLP
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Panitch Schwarze Belisario & Nadel LLP is pleased to announce that Steven D. Lustig has joined the firm as Of Counsel. PHILADELPHIA (PRWEB) March 09, 2021 Philadelphia IP law firm Panitch Schwarze Belisario & Nadel LLP is pleased to announce that Steven D. Lustig has joined the firm as Of Counsel.
With nearly 20 years of experience, Lustig has been named among the leading trademark attorneys in the 2021 edition of the World Trademark Review’s WTR 1000. His practice focuses on United States and international trademark clearance and prosecution, trademark litigation, internet domain name registration and dispute resolution, e-business issues relating to intellectual property, customs enforcement, anti-counterfeiting measures, trade dress and unfair competition enforcement.
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Washington – The United States is considering introducing a monthly child benefit for the first time, a seismic shift for the country that has some of the highest rates of child poverty in the developed world.
Democrats are hoping to include the measure – which could pay up to $300 (£217.50) per month per child – as part of a larger coronavirus (COVID-19) spending package.
President Joe Biden’s spokeswoman this week repeated that the current plans are focused on “emergency funding” rather than a more permanent shift.
But anti-poverty advocates, who have pushed for a monthly benefit for years, hope inserting such a programme temporarily will lay the groundwork for more lasting change.
BBC News
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The US is considering introducing a monthly child benefit for the first time, a seismic shift for the country that has some of the highest rates of child poverty in the developed world.
Democrats are hoping to include the measure - which could pay up to $300 (£217.50) per month per child - as part of a larger coronavirus spending package.
President Joe Biden s spokeswoman this week repeated that the current plans are focused on emergency funding rather than a more permanent shift.
But anti-poverty advocates, who have pushed for a monthly benefit for years, hope inserting such a programme temporarily will lay the groundwork for more lasting change.