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Markets flashing warnings on Biden tax increases and economy

Markets flashing warnings on Biden tax increases and economy
washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.

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GOP warns DOJ not to provide 'amnesty' to researchers who didn't disclose China funding

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A group of Republican senators called upon Attorney General Merrick Garland not to implement an “amnesty program” they say the Justice Department is considering implementing in the near future under which researchers at U.S. colleges and universities could disclose past foreign funding, including from China, without fear of prosecution.
The news of potential amnesty for U.S. academics who have received foreign funding without properly reporting it comes a few years after the Justice Department’s establishment of its China Initiative, with a recent
Washington Examinerreview detailing how federal prosecutors had been going after professors and other people with connections to China’s Thousand Talents Program or the People’s Liberation Army, as the Chinese Communist Party has sought to steal U.S. research and technology to add to its wealth and increase its military might. The GOP letter said that the “DOJ is planning to implement this am ....

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SPACs and IPOs

SPACs and IPOs
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Schumer vows to push through 'Republican obstruction' and confirm Deb Haaland as Interior Secretary

On Tuesday, GOP Sens. Steve Daines (Mont.) and Cynthia Lummis (Wyo.) placed holds on Haaland’s nomination, with Daines citing her opposition to “pipelines [and] fossil fuels” as a leading reason why he’s trying to stall her confirmation.
Undaunted, Schumer said that “despite Republican obstruction, Rep. Haaland will be confirmed,” adding that “she would be the first Native American Cabinet member of any agency and the first Indigenous secretary of the Department of Interior, a profoundly historic moment given the troubled relationship between the federal government and tribal nations.”
Schumer just filed cloture on the nomination of New Mexico Democratic Congresswoman Debra Haaland to be President Biden s Interior Secretary, setting up floor votes for later in the week. pic.twitter.com/ZI7E9BMkXm ....

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States don't need a bailout

States don t need a bailout
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Despite the rebounding economy and aid spending still in the pipeline, President Biden and congressional Democrats are pressing to pass another $1.9 trillion stimulus bill. In general, the bill is not needed, but the most wasteful part is $500 billion in further subsidies for the states.
Last year, when the economy went into shutdown, it appeared that state and local governments would suffer budget holes as tax revenues fell. For months, the media blared that the states faced a dire fiscal crisis. In response, Congress passed rounds of aid to governments, totaling at least $360 billion. By the fall, however, it was clear that the economy was recovering strongly and that tax revenues in the states were rising. Nationwide, state and local tax revenues fell 5% in the second quarter of 2020, but they more than made up for lost ground in the third and fourth quarters, according to data from the Bureau of Economic Analysis. ....

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