Biden says ‘time to act’ on $1.9 trillion stimulus

Biden urges Senate to pass legislation Biden called on the Senate to quickly pass the $ 1.9 trillion stimulus package after it cruised through the House. “It’s time to act,” he said on Saturday, noting that an “overwhelming” percentage of Americans support the bill. “We have no time to wasted.” The bill will provide $ […]

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Senate adopts budget measure to fast-track Biden’s $1.9 trillion stimulus plan

The Senate passes the final passage of the resolution For some context, the resolution here would clear the path for Biden’s stimulus plan to pass if there is only a simple majority instead of going with the 60-vote threshold for most legislation to be passed in the chamber. That said, there are some caveats as […]

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US MBA mortgage applications w.e. 22 January -4.1% vs -1.9% prior

Latest data from the Mortgage Bankers Association for the week ending 22 January 2021 Market index 907.6 vs 946.8 prior Purchase index 334.2 vs 348.2 prior Refinancing index 4,261.5 vs 4,484.2 prior 30-year mortgage rate 2.95% vs 2.92% prior The drop here stems from a decline in purchases and refinancing activity in the past week, […]

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Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy

© Reuters. FILE PHOTO: U.S. President-elect Joe Biden walks into the Queen Theatre in Wilmington By Ann Saphir (Reuters) – U.S. President-elect Joe Biden’s proposal to pour $ 1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage […]

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