Joe Biden Looks To Finish What Barack Obama Started In The Next 100 Days
Can Biden turn the page on the Reagan era and start anew?
Joe Biden wants to be a transformative president.
He made that clear on Wednesday, when he laid out a sweeping domestic agenda that would constitute “the largest jobs plan since World War II” in his first speech to a joint session of Congress. He argued that the $6 trillion in federal spending, tax increases and regulatory changes was simply a matter of common sense whose time had come. And he declared he would not let his opposition drag out negotiations so long that his proposals failed.
This is the longest streak of losses since December 2019
The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.
The new rate means a 0.6% fall for an accumulated decrease of 1.26% in the end-to-end measurement and almost 3.5% in 2021, marking the longest streak of losses since December 2019, when it had fallen for 10 consecutive days.
A total of 54 transactions were recorded at Montevideo s Electronic Stock Exchange (Bevsa), worth US $ 24.7 million.
But at retail levels, the dollar went up slightly Friday, extending its rise after strong economic data in the United States, on a day in which investors took gains on short positions of the greenback in the month. The dollar index, which compares the greenback to a basket of six relevant currencies, gained 0.5% to 91,263 units, its biggest daily g
While finding appropriate historical analogies is always tricky, the current economic environment seems reminiscent of the 1960s, when fiscal spending and monetary growth accelerated to create an environment for sustained inflation in the years to come.