Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for ...
The president's refusal to budge on a $1.9 trillion COVID-19 relief bill will have knock-on effects for Bitcoin, as the money printers look set for action once more. United States President Joe Biden has rejected a Republican proposal for a COVID-19 relief bill that would have seen $618 billion allocated to struggling American households and businesses. Biden and newly appointed Treasury Secretary, Janet Yellen, dismissed the sum — just under the size of Bitcoin’s entire market capitalization — as insufficient for stimulating the economy amid the ongoing pandemic, Reuters....
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On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the direct cash payments, Biden’s American Rescue Plan is also filled with pork-barrel items that have nothing to do with coronavirus relief. The So-Called ‘American Rescue Plan’ Americans are expecting a third stimulus check....
According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a....
U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden would meet with bipartisan members of Congress on Monday in order to push his proposal. According to reports, Biden’s proposed plan could be a touch smaller than the estimated $2.25 trillion. Biden Suggests Scaling Back the $2.25 Trillion ‘Build Back a Better America’ Infrastructure Proposal The U.S. government is talking about creating more stimulus in....
India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister Narendra Modi Talks About Crypto at President Joe Biden’s Summit for Democracy President Joe Biden hosted a two-day virtual “Summit for Democracy” on Dec. 9-10. The conference “brought together leaders from government, civil society, and the private sector in our shared....
Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged by bureaucratic mandates, and suggest a bleaker circumstance entirely. Biden Administration Scrambles After a Gloomy Jobs Report According to George Pearkes, Business Insider’s financial columnist, the American economy is set to see a “post-Covid boom”, because the U.S. “learned....