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Get Lectured: University of New Mexico, Spring 21

Get Lectured: University of New Mexico, Spring 21
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Wall Street rallies as Biden enters the White House

POLITICO Get the Morning Money newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 01/21/2021 08:00 AM EST Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.

Biden Inherits an Older, Polarized and Financially Insecure Nation

Biden Inherits an Older, Polarized and Financially Insecure Nation © jim watson/Agence France-Presse/Getty Images President-elect Joe Biden is inheriting a country with an aging population that is on shakier economic footing and is more politically polarized than at most points in recent years. Key metrics of financial and social well-being show the challenges Mr. Biden faces as he moves into the White House on Wednesday. The coronavirus pandemic halted the 11-year economic expansion and drove up unemployment just as the typical American household was starting to enjoy sustained income growth. Americans were living longer an improvement from a period when the opioid crisis eroded life expectancy until the pandemic exacted a swift, deadly toll. One government official said life expectancy could decline by the largest amount since World War II once the government completes last year’s mortality figures.

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Analysis: Yellen-backed policies set to aid risk assets, raise longer-term worries

Message : Required fields 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

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