MesaZona > Table of Contents : Here's The Menu. Enjoy

Thursday, March 25, 2021

American Rescue Plan: Fed Reserve and U.S. Treasury Funding Up-In-Arms From Republican State Attorneys General & Roses

Biography Note: Janet Louise Yellen is an American economist serving as the United States secretary of the treasury since January 26, 2021. A member of the Democratic Party, she previously served as the 15th chair of the Federal Reserve from 2014 to 2018.
She is the first woman to hold either role.
Watch Live: Jerome Powell and Janet Yellen Testify on Relief Aid - The New  York Times
---------------------------------------------------------------------------------------------------------------------------
From Politico:

Yellen: Treasury faces 'thorny questions' about restrictions on state tax cuts

POLITICO |

Treasury Secretary Janet Yellen said on Wednesday the department has “a host of thorny questions” to work through before it can give states guidance on a provision in the $1.9 trillion Covid relief package that prohibits them from using federal aid to subsidize tax cuts.

Two issues she singled out:

(1) How to treat tax exemptions that states may provide for unemployment benefits, like the federal government is doing, and

(2) Exactly how to determine whether a state is using federal money for a tax cut.

“We will have to define what it means to use money from this act as an offset for tax cuts. And given the fungibility of money, it's a hard question to answer, but that's what we're required to do, and we will — we will do our best to offer guidance on it,” she told the Senate Banking Committee........................................................................... Pathetic Fed Chair Nominee Janet Yellen Wears Her Outfits More Than Once

Republicans are up in arms about the provision, which says states, the District of Columbia, territories and tribal governments can’t use the $220 billion in aid that Congress gave them to “indirectly or directly” offset the cost of tax cuts. . .

Yellen noted that Treasury has 60 days from enactment of the law, which President Joe Biden signed March 11, “to complete that work to get the money to distribute to the state and local governments, and there are a host of thorny questions that we have to work through to connect with the issue that you just mentioned.”

Janet Yellen Sounds a More Cautious Note on the U.S. Economy - The New York  Times

“We simply are going to have to try to craft guidance in that period of time," she said. "We're working on it 24/7 to get it out as rapidly as we possibly can.”

---------------------------------------------------------------------------------------------------------------------------
More and more
Search Results
People also search for
BlackRock Yellen
CNN
Elizabeth Warren grills
Janet Yellen: Why isn't
BlackRock 'too big to
fail?'
11 hours ago
Yahoo Finance
BlackRock Is Focus of
Yellen-Warren Clash
on Tough Oversight
9 hours ago
CNBC
Yellen supports banks’
share buybacks. Sen.
Warren wants
BlackRock designated ...
11 hours ago
People also search for
Powell and Yellen
MarketWatch
Powell and Yellen's
game plan is evocative
of the World War II
playbook. Here's what ...
11 hours ago
CNBC
Watch Powell and
Yellen testify live
before Senate panel
on Covid aid
17 hours ago
Yahoo Finance
Stock market news live
updates: Stocks dip as
traders eye Powell,
Yellen testimony
1 day ago
Fox Business
Yellen says higher taxes needed in long term to finance
US spending
Treasury Secretary Janet Yellen said Wednesday the U.S. government has more room to borrow, but acknowledged that higher taxes will likely ...
12 hours ago
Politico
Yellen: Treasury faces 'thorny questions' about
restrictions on state tax cuts
Treasury Secretary Janet Yellen said on Wednesday the department has “a host of thorny questions” to work through before it can give states ...
8 hours ago
The Hill
Warren presses Yellen to ramp up BlackRock oversight |
TheHill
Sen. Elizabeth Warren (D-Mass.) pushed Treasury Secretary Janet Yellen on Wednesday to force investment firm BlackRock into tougher ...
13 hours ago
KOMO News
Yellen sees room for US to borrow, opens door to tax hike
WASHINGTON (AP) — Treasury Secretary Janet Yellen believes the U. S. government has more room to borrow, but said higher taxes would ...
7 hours ago
Bloomberg
Yellen, Powell to Face Deficit, Inflation Fears at Congress
Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell will enter a heatedly partisan arena on Tuesday to kick off two days ...
2 days ago
Reuters
Yellen now open to U.S. bank dividend payouts, stock
buybacks
Treasury Secretary Janet Yellen on Wednesday said U.S. banks look healthy enough to be allowed to pay dividends and repurchase stock, ...
12 hours ago
The New York Times
Video: Watch Live: Jerome Powell and Janet Yellen
Testify on Relief Aid
The Federal Reserve Chair, Jerome H. Powell, and Treasury Secretary Janet L. Yellen testify before the House Financial Services Committee ...
1 day ago
 
---------------------------------------------------------------------------------------------------------------------------
Book: The Fabulous Decade: Macroeconomic Lessons from the 1990s
by Blinder, Alan S., Yellen, Janet L.
published by Twentieth Century Fund (2001
 
 
 
 
at March 25, 2021
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Trump gifted luxury plane ahead of Middle East trip. . .No Visit to Israel

  RELATED  Monday, May 12, 2025 AN EMOLUMENT FOR TRUMP: A Super-Luxury Boeing 747-8 "Flying Palace" J...

  • World Defense News
    Flash News: Ukraine Intercepts Russian Kh-59 Cruise Missile Using US VAMPIRE Air Defense System Mounted on Boat. Ukrainian forces have made ...
  • Trump Inauguration Acts Have Been Announced!
    The committee planning Trump’s inaugural ceremonies released a schedule Monday of four days of events centered around the Jan. 20th swearing...
  • Zelenskyy ‘a beggar and blackmailer’ – EU state’s PM
    11 Jan, 2025 19:21 Home World News The Ukrainian leader needs to stop asking other people for money, Slovakia’s Robert Fico has said Vladimi...

Total Pageviews

Blog Archive

  • ►  25 (1978)
    • ►  May (150)
    • ►  Apr (505)
    • ►  Mar (545)
    • ►  Feb (387)
    • ►  Jan (391)
  • ►  24 (6279)
    • ►  Dec (430)
    • ►  Nov (409)
    • ►  Oct (586)
    • ►  Sep (414)
    • ►  Aug (504)
    • ►  Jul (512)
    • ►  Jun (467)
    • ►  May (576)
    • ►  Apr (604)
    • ►  Mar (549)
    • ►  Feb (603)
    • ►  Jan (625)
  • ►  23 (6134)
    • ►  Dec (625)
    • ►  Nov (633)
    • ►  Oct (622)
    • ►  Sep (733)
    • ►  Aug (695)
    • ►  Jul (716)
    • ►  Jun (606)
    • ►  May (638)
    • ►  Apr (462)
    • ►  Mar (198)
    • ►  Feb (99)
    • ►  Jan (107)
  • ►  22 (2414)
    • ►  Dec (148)
    • ►  Nov (171)
    • ►  Oct (156)
    • ►  Sep (168)
    • ►  Aug (211)
    • ►  Jul (188)
    • ►  Jun (218)
    • ►  May (168)
    • ►  Apr (267)
    • ►  Mar (224)
    • ►  Feb (316)
    • ►  Jan (179)
  • ▼  21 (3390)
    • ►  Dec (275)
    • ►  Nov (316)
    • ►  Oct (313)
    • ►  Sep (405)
    • ►  Aug (406)
    • ►  Jul (398)
    • ►  Jun (305)
    • ►  May (222)
    • ►  Apr (170)
    • ▼  Mar (231)
      • Biden's Focus on Corporate Taxes Is Pro-Growth, El...
      • Falling Into A Storm | Magnetic Risk Denial Debunked
      • WATCH 3 RUSSIAN NUCLEAR SUBMARINES SMASH THROUGH A...
      • RUSSIA’S MACH 3 MIG-31 FIGHTERS ARE IN THE ARTIC |...
      • 12K and 100K Cycles Resetting, Spraying the Sky | ...
      • Advanced Cognitive Skills Deserts in the United St...
      • How much do I dig TechDirt? . . .Let me count-off ...
      • City of Mesa Audits: Accountability To Citizens > ...
      • Archegos Drama May Spur New Regulations
      • Archegos Capital Blowup: What Investors Need to Know
      • Dangerous Radiation Risk, Lightning, Coldest Temp ...
      • New Aurora, Ancients Knew Astronomy, Baby Star Jet...
      • James Taylor & Yo-Yo Ma - Here Comes the Sun
      • Re: Chiller CATASTROPHIC FAILURE at City-owned "AZ...
      • Phoenix/Mesa MSA: Brookings Metro Monitor Measurin...
      • Re/Visiting Electra Solo after 2 Weeks in Big Ariz...
      • More Details: CATASTROPHIC FAILURE at City-Owned A...
      • Is The Way We Choose Our President Obsolete?
      • A Chiller> CATASTROPHIC FAILURE at Arizona Cyber W...
      • Ray Dalio: The bubble is not what is was in 2000,...
      • Matt Taibbi: American Press Puts SOVIET Propaganda...
      • Firefox is getting clever: The remarkable 'SmartBl...
      • How Amazon Uses Explosive-Resistant Devices To Tra...
      • Polar Drift, Solar Forcing, Cooling Trigger | S0 N...
      • Hot Ones with Beyoncé - SNL
      • The Maya-ing - SNL
      • Are You Behind in Looking Ahead?
      • El-Erian Says 'Rougher Water' Ahead for Markets
      • REMOTE ZOOM Planning & Zoning Board Meeting(s) The...
      • To infinity and beyond: Europe and the 21st centur...
      • Apophis, Scary Solar Forecast, Galactic Burst | S0...
      • Payroll Protection Program / Small Business Admini...
      • Ray Dalio: It's pretty crazy to want to own cash o...
      • ADDRESSING WEALTH INEQUALITY > Poverty, Wealth an...
      • Women, Power and Democracy
      • POWER & WATER IMPACT THE LIVES OF EVERYONE
      • REMOTE ZOOM Talking Heads + Death-By-PowerPoint-Sl...
      • Goldman Vet Chavez Sees Pathway for Big Tech Crack...
      • HEADS UP! Aquifer Protection Permit [Significant A...
      • Electric Earth Rotation Glitches Confirmed, Everyt...
      • CME & Solar Storm, California Quake Risk, SMOS | S...
      • Bureau of Economic Analysis: State Annual Personal...
      • Alan Turing - Celebrating the life of a genius
      • Remembering Denise Heap In The Wake of The City of...
      • Posthumous Honor on A New Bank of England 50-Pound...
      • ANOTHER LAUNCH AND ANOTHER SMALL BUSINESS TOOLBOX ...
      • Data-Driven Hocus-Pocus: The City of Mesa's Most R...
      • American Rescue Plan: Fed Reserve and U.S. Treasur...
      • Palantir CEO Alex Karp in 40-minute conversation w...
      • Scientists Discover "Super Earth"
      • Blondie - Heart Of Glass (Official Music Video)
      • Our Cyber Defense Is Too Weak: IronNet Founder
      • Covid-19 Pill a ‘Hopeful’ Treatment Option: Johns ...
      • Repealing Section 230 Could Completely Change the ...
      • Facts USA: COVID-19 Pandemic Impacts on Stimulus S...
      • GO AHEAD MAKE MY DAY! >> Powell Is Acting Like Dir...
      • Too Early In Maricopa County For DIRTY AIR + HIGH ...
      • Senator Warren Grills Yellen About BlackRock Overs...
      • FINAL AGENDA > Remote Zoom Mesa City Council Study...
      • The Cyclical Trade Will Have Legs, Says Nuveen's Nick
      • "APPROVED MINUTES" > Econ Dev Committee Meeting 02...
      • Nearby Star Cluster Torn Apart, Physics Breaks, Ga...
      • Why Do Cops Lie? Because they can....until they ge...
      • Fed's Powell Says Recovery Is 'Far From Complete'
      • Pandemic Amplifies Inequality on Numerous Social &...
      • Earth Rotation Glitches, Nano Nova, NLCs | S0 News...
      • Panel: NEW POLL Shows AZ Voters PUNISH Sinema Afte...
      • REMOTE STREAM FROM THE LOWER CHAMBERS: Mesa City C...
      • Geo-Tracking Gone Wild > The Ulysses Group
      • March 25 2021 : MAG Air Quality Technical Advisory...
      • Fed Took First Step Towards Tightening, Says JPM's...
      • US Air Force reveals more on Newest B-21 Raider st...
      • US Air Force Upgrade: "Black Hawk" UH-60M > 5-Year...
      • Best of CES 2021 - Tech Gadgets You Need In 2021! ...
      • Exhibition Showcase: Christine Cassano Artist-in-R...
      • 2nd CME Erupts at Earth, Ozone Destruction, Deep M...
      • In-The-News Spotlight: Hizzoner John Giles "A Rati...
      • Baby Boomers Tribute "The Echoes of My Mind" 1950'...
      • $4500 EV: Tiny and Cute (Sold Only in China) The H...
      • Italy: Mafia recruits young people with murals glo...
      • Can we make cities car free?
      • What? ONLY ONE HOUR for This Planning & Zoning Boa...
      • Visiting the Farm of the Future
      • WORK PLAN + A LIST: MAJOR LAND-USE PLANNING + STRA...
      • Before the Fall, CME Impact Forecast, Lyrids | S0 ...
      • Rare Cosmological Event | Advanced Catastrophism
      • The Right to Protest & Offend!
      • REMOTE VIRTUAL ZOOM Uploaded > Mesa City Council M...
      • Zoom CFO Says Company Here to Stay
      • Making-Ends-Meet: "The Lolita Express" / Monetizin...
      • El-Erian Sees a 'Tougher Corner' Ahead for the Fed
      • It's Quadruple Witching Friday!
      • Banks Slip After Fed's SLR Relief Decision
      • Too Much Cash Sloshing Around > Fed Takes on Bloat...
      • Matt Taibbi & Katie Halper's Useful Idiots with Da...
      • No More Happy Talk: Staggering? It was A Crash!
      • El-Erian: The Fed gave a much better economic outlook
      • Summers & Ferguson Debate What Causes Inflation
      • Ray Dalio Says: 'Cash Is Trash'
      • Yields Can Settle Down After Painful Period: Morga...
    • ►  Feb (178)
    • ►  Jan (171)
  • ►  20 (2398)
    • ►  Dec (293)
    • ►  Nov (340)
    • ►  Oct (227)
    • ►  Sep (247)
    • ►  Aug (151)
    • ►  Jul (80)
    • ►  Jun (121)
    • ►  May (146)
    • ►  Apr (142)
    • ►  Mar (198)
    • ►  Feb (188)
    • ►  Jan (265)
  • ►  19 (1370)
    • ►  Dec (137)
    • ►  Nov (102)
    • ►  Oct (161)
    • ►  Sep (117)
    • ►  Aug (55)
    • ►  Jul (121)
    • ►  Jun (74)
    • ►  May (107)
    • ►  Apr (129)
    • ►  Mar (117)
    • ►  Feb (105)
    • ►  Jan (145)
  • ►  18 (1302)
    • ►  Dec (125)
    • ►  Nov (106)
    • ►  Oct (118)
    • ►  Sep (143)
    • ►  Aug (89)
    • ►  Jul (82)
    • ►  Jun (124)
    • ►  May (121)
    • ►  Apr (66)
    • ►  Mar (98)
    • ►  Feb (98)
    • ►  Jan (132)
  • ►  17 (1657)
    • ►  Dec (120)
    • ►  Nov (154)
    • ►  Oct (96)
    • ►  Sep (123)
    • ►  Aug (128)
    • ►  Jul (119)
    • ►  Jun (168)
    • ►  May (192)
    • ►  Apr (149)
    • ►  Mar (129)
    • ►  Feb (122)
    • ►  Jan (157)
  • ►  16 (1081)
    • ►  Dec (100)
    • ►  Nov (109)
    • ►  Oct (98)
    • ►  Sep (102)
    • ►  Aug (95)
    • ►  Jul (70)
    • ►  Jun (121)
    • ►  May (123)
    • ►  Apr (62)
    • ►  Mar (55)
    • ►  Feb (72)
    • ►  Jan (74)
  • ►  15 (338)
    • ►  Dec (80)
    • ►  Nov (55)
    • ►  Oct (45)
    • ►  Sep (26)
    • ►  Aug (24)
    • ►  Jul (20)
    • ►  Jun (41)
    • ►  May (24)
    • ►  Apr (13)
    • ►  Mar (8)
    • ►  Feb (2)

Search This Blog

  • Home

My Blog List

Watermark theme. Powered by Blogger.