The White House unveiled a $916 billion stimulus proposal on Tuesday in a final dash to break a months-long logjam over new aid for the coronavirus-stricken US economy before President Donald Trump leaves office in January. Treasury Secretary Steven Mnuchin announced the plan, which he said includes “money for state and local governments and robust … Read more
NEW DELHI: A surge in Covid-19 infections in the West and uncertainty ahead of the US presidential elections are giving investors a cold feet. The unabated rise of the last few months is getting challenged as the markets are once again having a tryst with the ground reality. With no clarity on vaccine timeline or … Read more
The US budget deficit climbed to USD 2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation’s budgetary shortfall is expected to eventually reach levels for the fiscal year that ends September 30 more than double the largest annual deficit on record. The … Read more