General World News

One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist

US capitol

Summary List Placement

The US economy is receiving fresh fiscal support after months of plodding negotiations. But one measure of the labor market suggests the massive stimulus is unnecessary and potentially harmful to future growth, according to James Paulsen, chief investment strategist at The Leuthold Group.

The country is already reaping the benefits of the $900 billion stimulus package signed by President Donald Trump on December 27. President-elect Joe Biden rolled out a $1.9 trillion relief proposal on Thursday that aims to further boost the economy through 2021. Democrats’ soft majority in the Senate drastically raises the odds details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com