21 ianuarie 2021

Biden steps into debt fight on Capitol Hill


President Biden enters office facing both the worst economic downturn since the Great Depression and the largest debt burden since World War II. Biden has already made clear his intention to go big on government spending to resuscitate the coronavirus-battered economy, a move backed by mainstream economists who say debt concerns should be addressed after a recovery has taken hold. But Republicans are starting to sound deficit alarms, and economists are split over how deep into the red the U.S. [...]