INSIDER
Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth
Read full article: Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growthKamala Harris’ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth.
Senior economics aide Gene Sperling is leaving the White House to work on the Harris campaign
Read full article: Senior economics aide Gene Sperling is leaving the White House to work on the Harris campaignWhite House senior adviser Gene Sperling is leaving his administration position to work with Vice President Kamala Harris’ election campaign as the Democrats step up efforts to challenge Donald Trump on policy issues in November’s election.
Democrats put a spotlight on more than 1 million pensions saved under a 2021 law
Read full article: Democrats put a spotlight on more than 1 million pensions saved under a 2021 lawDemocrats are putting a spotlight on more than 1 million union workers and retirees whose pensions are being saved under a 2021 law.
During strike talks, Biden worked to build ties to the UAW's leader. They have yet to fully pay off
Read full article: During strike talks, Biden worked to build ties to the UAW's leader. They have yet to fully pay offPresident Joe Biden made a major commitment to cultivate a relationship with the new head of the United Auto Workers before the start of strikes at General Motors, Ford and Stellantis.
Biden aides helping with UAW-Big Three talks no longer arriving in Detroit this week
Read full article: Biden aides helping with UAW-Big Three talks no longer arriving in Detroit this weekTwo members of the Biden administration that have been tasked with aiding talks between the Big Three automakers and the striking United Auto Workers union are no longer planning to arrive in Detroit early this week as previously expected.
United Auto Workers threaten to expand targeted strike if there is no substantive progress by Friday
Read full article: United Auto Workers threaten to expand targeted strike if there is no substantive progress by FridayThe United Auto Workers union is preparing to expand its strike against Detroit’s Big Three unless it sees progress in contract negotiations.
Local governments are spending billions of pandemic relief funds, but some report few specifics
Read full article: Local governments are spending billions of pandemic relief funds, but some report few specificsFederal officials estimate that local governments now have spending plans in place for most of the money they received under a prominent pandemic relief law.
Battle heats up over remaining federal rental assistance
Read full article: Battle heats up over remaining federal rental assistanceA debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds.
White House: File your taxes to get full child tax credit
Read full article: White House: File your taxes to get full child tax creditThe Biden administration is kicking off an outreach campaign to get millions of families to file their taxes so they can receive the second half of payments from the expanded child tax credit.
Biden admin reveals 60 finalists for $1B in economic grants
Read full article: Biden admin reveals 60 finalists for $1B in economic grantsCommerce Secretary Gina Raimondo is announcing 60 finalists for $1 billion in economic development grants tied to the Biden administration’s coronavirus relief package.
States, cities running out of rental assistance monies
Read full article: States, cities running out of rental assistance moniesThe Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed.
Treasury claims rental assistance helped stop eviction wave
Read full article: Treasury claims rental assistance helped stop eviction waveThe number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in people being turned out of their homes despite the expiration of the federal eviction moratorium.
Child tax credit tussle reflects debate over work incentives
Read full article: Child tax credit tussle reflects debate over work incentivesPresident Joe Biden and leading Democratic lawmakers, including Colorado Sen. Michael Bennet and Connecticut Rep. Rosa DeLauro, have been fighting to make permanent a child tax credit that would give families at least $300 a month per child.
AP: States and cities slow to spend federal pandemic money
Read full article: AP: States and cities slow to spend federal pandemic moneyMany states and cities across the U.S. are getting off to a slow start in spending money from this year's coronavirus relief package championed by President Joe Biden and Democrats.
Progressives see blueprint for next fights in eviction win
Read full article: Progressives see blueprint for next fights in eviction winA rare clash between the Biden administration and congressional Democrats may have created a blueprint for pressuring a White House that needs to walk a tightrope to satisfy all members of its party to pass its ambitious agenda.
After court nixes eviction ban, race is on for federal help
Read full article: After court nixes eviction ban, race is on for federal helpA court ruling striking down a national eviction moratorium has placed additional pressure on the federal and state governments to deliver tens of billions of dollars in promised rental aid.
Treasury Department creates office to oversee virus relief
Read full article: Treasury Department creates office to oversee virus reliefThe Treasury Department is creating a new office to supervise the disbursement of the billions of dollars in relief money passed by Congress to combat the coronavirus-related recession.
Path from Clinton to Biden takes U-turn on debt, trade, more
Read full article: Path from Clinton to Biden takes U-turn on debt, trade, moreBiden is taking the opposite approach of the Clinton administration to help the economy. White House aides are comparing the scope of Biden's policy ambitions to Franklin Delano Roosevelt's after the Great Depression. Biden was probably the best about this.”AdCelinda Lake conducted polling for both the Clinton and Biden campaigns. The Biden administration is now challenging China, which never embraced the values of democracy as trade advocates once believed it would. But he sees the Biden administration as pursuing new policies to help workers.
Harris back on the road after opening weeks in Washington
Read full article: Harris back on the road after opening weeks in WashingtonVice President Kamala Harris gives her order to Germaine Turnbow, while stopping for lunch at Tacotarian, Monday March 15, 2021, in Las Vegas. President Joe Biden, Vice President Kamala Harris and their spouses are opening an ambitious, cross-country tour to highlight the $1.9 trillion coronavirus relief plan and its benefits. After weeks of swearing in Cabinet members, appearing alongside President Joe Biden and making stops in the Washington area, the vice president was on the road on her first big outing since taking office. As the first woman, Black person and Indian American to be elected vice president, Harris has plenty of eyes on her in her new position. ___Associated Press writer Michelle Price in Las Vegas and Kathleen Ronayne in Sacramento, Calif., contributed to this report.
In Pennsylvania, Biden showcases aid to small businesses
Read full article: In Pennsylvania, Biden showcases aid to small businessesSalazar, a small business owner for 30 years, told Harris that help from the Small Business Administration has "kept me afloat but more is needed.”In Pennsylvania, meanwhile, Smith Flooring had 23 employees during peak times but currently is employing 12 workers. In Washington, the Senate confirmed Isabel Guzman, Biden’s pick to lead the Small Business Administration on Tuesday. It’s a sharp turn from the start of the Biden administration, when vaccination goals were relatively modest and Americans were warned the country might not return to normal until Christmas. AdThe Biden administration estimates that 400,000 small businesses have closed because of the pandemic and millions more are barely surviving. It recently qualified for a federal Paycheck Protection Program loan during a two-week window in which the Biden administration focused the program exclusively on helping businesses with 20 or fewer employees.
Biden taps Gene Sperling to oversee COVID-19 relief package
Read full article: Biden taps Gene Sperling to oversee COVID-19 relief packageSperling, a veteran of the Clinton and Obama administrations, will lead the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package, a White House official said Monday. (AP Photo/Jacquelyn Martin)Gene Sperling, a veteran of the Clinton and Obama administrations, will lead the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package. Sperling will take a role similar to the one Biden had as vice president in the aftermath of the 2008 financial crisis. He will work with the heads of the White House policy councils and federal agencies to get funds out quickly and optimize their effectiveness, just as Biden did with the Obama administration's stimulus package. AdSperling, 62, has twice served as director of the White House National Economic Council, making him one of the defining economic policymakers of the past several decades.
Budget nominee Tanden withdraws nomination amid opposition
Read full article: Budget nominee Tanden withdraws nomination amid oppositionNeera Tanden, President Joe Biden's nominee for Director of the Office of Management and Budget (OMB), appears beofre a Senate Committee on the Budget hearing on Capitol Hill in Washington, Wednesday, Feb. 10, 2021. (AP Photo/Andrew Harnik, Pool)WASHINGTON – President Joe Biden's pick to head the Office of Management and Budget, Neera Tanden, has withdrawn her nomination after she faced opposition from key Democratic and Republican senators for her controversial tweets. Thirteen of the 23 Cabinet nominees requiring Senate approval have been confirmed, most with strong bipartisan support. But without Manchin’s support, the White House was left scrambling to find a Republican to support her. White House chief of staff Ron Klain initially insisted the administration was “fighting our guts out” for her.
Yellen's encore: Lending economic heft to Biden's virus plan
Read full article: Yellen's encore: Lending economic heft to Biden's virus plan“Yellen is uniquely poised," said Brian Deese, director of Biden’s National Economic Council. "She has as much experience and expertise of addressing the challenges of our time as any living economic policymaker today. AdYellen juggled parenting with her work as a professor at the University of California, Berkeley, in the 1980s, helping to build her son’s pinewood derby car as a colleague fed economic data into a computer. It’s an argument cultivated from years of research that fully blossomed during Yellen’s time as Fed chair. She said Yellen values differences of opinion and diversity because that helps her get a fuller sense of the economy.
Biden warns of growing cost of delay on $1.9T econ aid plan
Read full article: Biden warns of growing cost of delay on $1.9T econ aid planBiden signaled on Friday for the first time that he's willing to move ahead without Republicans. “I support passing COVID relief with support from Republicans if we can get it," he told reporters. "But the COVID relief has to pass. Some Biden allies have expressed frustration that the administration has not more clearly defined what the massive legislation would actually accomplish. He said, “The American Rescue Plan — it’s a plan geared toward the future, bridging the gap between January and September, when people will be able to spend more freely.”