With President Joe Biden’s massive $1.9 trillion coronavirus aid package facing its first big legislative test this week in the House, critics hope to turn it back or see it slimmed down by saying it’s too expensive and poorly targeted.
Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, said he can’t predict that life will return to how it was before the coronavirus pandemic hit.
The Biden administration on Monday announces that the federal government’s Paycheck Protection Program will be available only to small businesses with fewer than 20 employees during an upcoming two-week period.
Stock-market benchmarks fall at the start of Monday as rising bond yields stoke worries that equities, particularly highflying tech shares, have grown too expensive.