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Why Not Make The Minimum Wage $150 Per Hour?

Why Not Make The Minimum Wage $150 Per Hour?
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Meet All the Major Players in the Robinhood vs. GameStop Saga

Meet All the Major Players in the Robinhood vs. GameStop Saga
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Senate confirms Janet Yellen as Treasury secretary

She will be working with Congress on a Covid relief package.

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How the FSOC might single-out nonbanks for scrutiny

The Financial Stability Oversight Council could determine that a broad range of mortgage companies should be subject to “heightened prudential standards,” said Andrew Olmem, a partner at Mayer Brown and a former senior economic adviser to the White House.

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Sen. Rob Portman announces he will not seek reelection in 2022

Sen. Rob Portman announces he will not seek reelection in 2022
Portman was elected handily twice to the U.S. Senate, but was considered likely to face primary opposition in 2022.
Author: Associated Press
Updated: 12:24 PM EST January 25, 2021
Republican Sen. Rob Portman of Ohio said Monday he won’t seek reelection and plans to end a career in federal government spanning more than three decades.
Portman’s announcement comes the same day the Senate is receiving the House impeachment article against former Republican President Donald Trump. While some Republican senators have criticized going ahead with the trial next month with Trump out of office, Portman said last week he would listen to both sides before making a decision on how to vote.

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Janet Yellen Talking Out Of Both Sides Of Her Mouth

Janet Yellen Talking Out Of Both Sides Of Her Mouth
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Yellen taps Obama administration vets for key Treasury roles

WASHINGTON (AP) — The Treasury Department announced Wednesday that Didem Nisanci will serve as Janet Yellen's chief of staff once Yellen is confirmed by the Senate. Nisanci, who most recently served as global head of public policy at Bloomberg L.P., was previously the chief of staff for the Securities and Exchange Commission in the Obama-Biden administration. Jason Leibenluft will serve as counselor to the Treasury secretary after having been a...

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JAMES RICKARDS: "It's not quite the rosy scenario that the MMT crowd would have you believe. Still, it may be coming. And, a clueless Janet Yellen will supervise the entire operation. Got gold?" – Investment Watch

Today, Treasury Secretary-nominee Janet Yellen addressed the Senate Finance Committee during her confirmation hearing.
In her statements, she argued that major fiscal stimulus is justified to support the economy while the pandemic still rages.
She stressed the need to address income inequality and pledged support for the incoming Biden administration’s climate change policies.
In other words, she plans to support large amounts of government spending to stimulate the economy.
She acknowledged that debt is a potential problem. “But,” she added, “right now, with interest rates at historic lows, the smartest thing we can do is act big. In the long run, I believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time.”

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The Specter Of MMT: "The Smartest Thing We Can Do Is Act Big"

The Specter Of MMT: "The Smartest Thing We Can Do Is Act Big"
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7 Key Takeaways from Treasury Secretary Nominee Janet Yellen's Senate Testimony

7 Key Takeaways from Treasury Secretary Nominee Janet Yellen's Senate Testimony
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