Checks unbalanced?

Discussion in 'Wall St. News' started by dealmaker, Feb 1, 2021.

  1. dealmaker

    dealmaker

    Checks unbalanced?

    Some see President Biden's plan to disburse $1,400 checks to the U.S. populace as something that might do more harm than good. As Fortune's Geoff Colvin writes: "The problem is that more buying power—the purpose of stimulus checks—isn’t what the U.S. economy needs…Only $70 billion of Biden’s stimulus proposal would fund accelerated vaccinations and Covid-19 testing. For getting the U.S. economy back on track, that expenditure might be the most effective element in the whole package." Fortune