Tag Archives | "relief"

U.S. President Joe Biden’s $1.9 trillion rescue package is one of the most ambitious measures to revive the U.S. and, with it, the world economy.

Developing country governments are being wrongly advised to use their modest fiscal resources to pay down accumulated debt instead of strengthening pandemic relief and recovery. Thus, debt phobia risks deepening and extending COVID-19 recessions by prioritizing buybacks.

Democrat and Republican leaders in Congress announced a new $900 billion stimulus bill over the weekend for a second round of “relief” in the face of the worsening pandemic and related economic crisis.