Penn-Wharton’s budget team has produced new estimates of the effects of Joe Biden’s fiscal proposals. #CatoEcon 's @CatoEdwards  reports... #Cato2020 

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Finance

President Biden will sign two more executive orders that aim to reduce hunger in the U.S. and promote federal workers’ rights during the coronavirus pandemic. Biden has taken several actions during his first days as president both to control the virus and offer economic relief.

💰 Americans have become, by some measures, richer during the #coronavirus  pandemic than ever before. The country’s most well-off have benefited from Fed policies as over 10 million remain jobless and hundreds of thousands of businesses shutter

U.S. stocks opened lower Friday after sweeping to a string of fresh records, and as investor attention turned back to coronavirus lockdowns.

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U.S. Flash Composite#PMI  rose to 58.0 in January (Dec: 55.3) to signal a sharp expansion in business activity, despite supply chain disruption. Factory production rose at the quickest pace for 77-months, with services also seeing a stronger upturn. More:

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Top tax rates at <1/2 Eisenhower levels, a minimum wage adjusted for productivity far below Nixon's, and feeding the hungry = radical leftism

After an insurrection attempt, their big lie, years of Trump ruling as if he was only president to red states, the onus for unity is on *Republicans* and any journalist who pretends otherwise is complicit with the undoing of this country.

Amazon and Facebook spent record sums last year on Washington lobbying

Hank Aaron ranks as my best-ever source call. He was on a board of a financial company and agreed to talk to me as a very young and green reporter. He was so gracious and kind. And then British copy desk editor cut his quote for print, not knowing who he was.

Existing home sales rise 0.7% in December – total 2020 sales were the highest since 2006

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