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01/21/2021 08:00 AM EST
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REED CITY - On a cold, overcast Saturday afternoon a group of family and friends gathered, hoping they could spark a lead to help solve the murder of Janette Roberson.
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NEW YORK (Reuters) - Treasury Secretary nominee Janet Yellen s unequivocal support for a pandemic rescue plan cuts both ways for investors, fueling optimism that the rally in risk assets will continue while bolstering concerns over a massive runup in government debt.
In her Senate confirmation hearing on Tuesday, the former Federal Reserve chair urged lawmakers to act big on the next coronavirus relief package after President-elect Joe Biden last week outlined a $1.9 trillion stimulus proposal as part of a domestic policy agenda heavy on government spending.
While the plan is expected to provide a critical boost for the coronavirus-hit economy, investors said the massive stimulus also could widen already huge deficits and drive up bond yields, while feeding a rally that some worry has already inflated bubbles in various assets. Other aspects of Biden s plan, such as increased taxes on corporations and the wealthy, have also received a mixed recepti