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China's central bank plans to guide money into key sectors to boost the economy, following an unexpected reserve requirement ratio cut. The bank is expected to steer credit into select areas, reduce cash reserves for banks, and implement modest policy-rate cuts.
Would You Get a "Targeted" Stimulus Check? Kiplinger 2/1/2021 © Provided by Kiplinger The latest battle over the next round of stimulus checks is whether they should be "targeted" to people who need them the most. President Biden's $1.9 trillion stimulus package includes a third round of $1,400 stimulus checks ($2,800 for married couples filing a joint return), but his plan doesn't call for changes to the phase-out rules that deny payments to wealthier Americans. That's a problem for many Republican lawmakers…and for a few key Democrats as well. Popular Searches Although some details a...