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Saturday, 13 Mar 2021 08:18 AM MYT A first tranche of US$1,400 stimulus payments was processed yesterday, with additional large batches of payments to be sent via direct deposits or through the mail as checks or debit cards in coming weeks, the officials said. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. WASHINGTON, March 13 Americans will see the first direct deposits from President Joe Biden’s US$1.9 trillion (RM7.8 trillion) Covid-19 relief package hit their bank accounts this weekend, Treasury and Internal Revenue Service officials said yesterday. A first tranche of US$1,400 stimulus payments was processed yesterday, with additional large batches of payments to be sent via direct deposits or through the mail as checks or debit cards in coming weeks, the officials said. ....
Read more about Crude oil prices rise on economic outlook, drawdown in fuel stocks on Business Standard. Brent crude oil futures for May rose 40 cents, or 0.6%, to $68.30 a barrel by 0105 GMT, while U.S. West Texas Intermediate crude for April was up 48 cents, or 0.7%, at $64.92 ....
OLIVIER DOULIERY/AFP/Getty Images A Congress riven along party lines approved a landmark $1.9-trillion COVID-19 relief bill Wednesday, as President Joe Biden and Democrats claimed a triumph on a bill that marshals the government’s spending might against twin pandemic and economic crises that have upended a nation. The House gave final congressional approval to the sweeping package by a near party line 220-211 vote precisely seven weeks after Biden entered the White House and four days after the Senate passed the bill. Republicans in both chambers opposed the bill unanimously, characterizing it as bloated, crammed with liberal policies and heedless of signs the crises are easing. ....
Mar 10 2021, 8:59 AM March 10 2021, 8:00 AM March 10 2021, 8:59 AM Global market pressures are an upshot of capital forcing a synchronicity of monetary normalisation across economies despite a sharp asynchronicity in their recoveries from Covid-19, against a backdrop of U.S. exceptionalism. Global market pressures are an upshot of capital forcing a synchronicity of monetary normalisation across economies despite a sharp asynchronicity in their recoveries from Covid-19, against a backdrop of U.S. exceptionalism. A Resurgence of U.S. Exceptionalism First, the good news, but primarily from a U.S. perspective. With every passing tranche of stimulus, the cumulative fiscal response in the United States has grown from an axe to a sledge hammer to an 800-pound gorilla. Likely chastened from the experience of the global financial crisis, where both the quantum of the fiscal response and the speed of the rollback was retrospectively believed to be too conservative â ....