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The massive stimulus bill was passed through Congress without any actual backing from the Republicans.On Thursday afternoon, US President Joe Biden signed the $1.9 trillion stimulus package as the coronavirus relief bill. The President’s approval comes immediately after the House of Democrats approved the bill earlier this week.This is the
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U.S. President Biden said Friday he’s not budging on the $1,400 direct stimulus checks that his $1.9 trillion stimulus plan calls for. “It’s better economics,” Biden said of the relief package. “There’s a growing chorus of economists, right, center and left, that say we should be less focused on the deficit
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Bitcoin suffered a devastating blow on Black Thursday alongside the rest of the financial world. But unlike other
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The United States Senate rejected the new stimulus proposal on Sep.10, which did not include a new round of $1,200 checks. However, this boosts the chances of a new proposal with individual checks getting approved, and could serve as a catalyst for Bitcoin (BTC).Why was the stimulus proposal rejected, and
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U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again.The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout.Instead of buying groceries
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Stimulus checks could be powering the stock market rally. A considerable number of first-time traders are betting on the market right now. Analysts say that could be dangerous because these traders lack commitment. As the U.S. economy plunges into recession, the big question on Wall Street is how the
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While coronavirus stimulus checks did offer a bump in consumer spending, it was only temporary The government will need to keep sending out money if it wants to keep the economy afloat The stimulus money could be taking away the incentive for some Americans to return to work U.S.
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In brief: Evidence points towards US citizens using there $1,200 stimulus checks to buy Bitcoin (BTC). Grayscale Capital’s recent quarterly report provides a clue as to institutional interest in Bitcoin (BTC). The King of Crypto is hovering around $7,200 and looks set to start a climb up to $8,000. For the last 72 hours,
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James Cooper is a Professor of Law at California Western School of Law in San Diego. It was inevitable: the scent of bitter almonds always reminded him of the fate of non-reciprocal trade. American nuts are to be sold en masse to the Chinese as part of the extra $200
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