A partial digest: Friday was day 38 of the Biden-Harris administration. Presidential actions included an executive order on America’s supply chains. The stimulus vote took place in the House and the $1.9 trillion package cleared this initial hurdle. Next, the Senate, where some anticipate it will be stripped of the provision increasing the minimum wage to $15/hr. Whatever version the Senate ends up with and [possibly] passes will be sent back to the House for a new vote. If all goes well, it will then be sent to Biden’s desk. As the wrangling continues, the markets will behave accordingly.
02262021 :: Friday finance
02262021 :: Friday finance
02262021 :: Friday finance
A partial digest: Friday was day 38 of the Biden-Harris administration. Presidential actions included an executive order on America’s supply chains. The stimulus vote took place in the House and the $1.9 trillion package cleared this initial hurdle. Next, the Senate, where some anticipate it will be stripped of the provision increasing the minimum wage to $15/hr. Whatever version the Senate ends up with and [possibly] passes will be sent back to the House for a new vote. If all goes well, it will then be sent to Biden’s desk. As the wrangling continues, the markets will behave accordingly.