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U.S. Treasury sets up new 'recovery office' to oversee relief programs


3 Min Read
WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday unveiled a new office to oversee the implementation of economic relief programs, including nearly $420 billion in programs under President Joe Biden’s $1.9 trillion COVID-19 rescue plan.
FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo
The new office will report to Deputy Treasury Secretary Wally Adeyemo and will be led by Jacob Leibenluft, a counselor to Treasury Secretary Janet Yellen, who will work closely with Gene Sperling, the White House rescue plan coordinator.
Consolidating the recovery programs covered under Biden’s American Rescue Plan (ARP) and others enacted under the Trump administration’s CARES Act will improve efficiency, equity and outreach to grantees, Adeyemo told reporters. ....

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Biden seeks to showcase bipartisanship in infrastructure meeting with Republicans


4 Min Read
WASHINGTON (Reuters) -President Joe Biden sought to demonstrate his much-touted interest in working with Republicans in Congress on Monday, with a bipartisan White House meeting as lawmakers prepared to grapple with his $2.3 trillion proposal to improve U.S. infrastructure.
The Democratic president appears to be losing political capital with 10 Senate Republicans who have signaled an openness to working with Democrats, according to aides and observers. Those Republicans include Susan Collins and Mitt Romney, whose support could give him the votes to pass bipartisan legislation.
Biden’s party narrowly controls the House of Representatives and the Senate, meaning he can ill afford to lose Democratic votes. That has emboldened Democratic moderates such as Senator Joe Manchin, who have outsized influence over his legislative priorities. ....

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Experts: Labour's Housing Change A Renter's Tax


Tuesday, 13 April 2021, 10:57 am
“The
experts are in agreement: Labour’s proposed change to
interest deductibility rules is a renter’s tax,” says
ACT’s Housing Spokesperson Brooke van Velden.
“A
majority of economists, academics and property experts
believe the impacts of the Government’s housing changes
will be borne by tenants.
“More than a dozen experts
surveyed expect rents to increase due to higher tax bills
faced by residential property investors.
“Let’s be
clear: This is a renter’s tax.
“All of the stories
ACT is hearing at act.org.nz/housingstories
confirm that.
“Landlords are telling us
‘I’ve ....

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