Breaking Down Biden's Plans For The Economy
NPR's Lulu Garcia-Navarro asks former Council of Economic Advisors head Austan Goolsbee for his perspective on President Biden's economic plan.
Economy
Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR
The S&P 500 surged 11% in the president's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.
Flush With Cash, Americans Are Buying Everything From iPhones To Teslas
Personal income jumped by a record 21% last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come.
Stocks Have Done Better In Biden's 1st 100 Days Than Any Other President Since FDR
Under President Biden, the Standard and Poor's 500 is set to post its best performance in the first 100 days of any president since Franklin D. Roosevelt's first term.
No College, No Problem. Some Employers Drop Degree Requirements To Diversify Staffs
More employers are focusing on skills rather than credentials, creating an opportunity for job candidates without college degrees to land positions.
New York City, Former COVID-19 Epicenter, To 'Fully Reopen' On July 1
"This is going to be the summer of New York City," Mayor Bill de Blasio said, because people "want to live again." He cited the city's success in hitting or trending toward its reopening targets.
Shopping And Shots Power An Economy Heading To Its Fastest Growth Since 1984
The U.S. economy grew at a rapid pace in the first three months of the year as more people got vaccinated and the federal government pumped hundreds of billions of dollars into people's pockets.
White House Proposes $1.8 Trillion Plan For Children And Families
The American Families Plan would expand free public education and make child care more affordable. The White House wants to pay for the measure by raising taxes on the country's richest.
Taiwan Races To Remedy Car Chip Shortage But No End In Sight, Says Economy Minister
The microchips used in cars are in short supply. Taiwanese Economy Minister Wang Mei-hua tells NPR that Taiwan's cutting-edge chipmakers have ramped up production to meet auto industry demand.
President Biden Set To Announce Higher Capital Gains Taxes For Wealthier Americans
President Biden is set to announce higher capital gains taxes — the taxes owed to the U.S. government from profits made after the sale of an asset like stocks — for wealthier Americans.