Daily Archive: November 8, 2020

What a Biden administration means for the next stimulus package

The gridlocked stimulus negotiations on Capitol Hill just got a major shake-up: a Joe Biden win.

Since July, the White House, Senate Republicans, and the Democratic-controlled House of Representatives have failed to reach a deal on a second massive stimulus package. Democratic leaders came down from their $3.4 trillion ask to $2.2 trillion, while White House came up from under $1 trillion to $1.9 trillion. But the two sides never reached a final agreement as they battled over the size and scope of the package. And even had the two sides come to terms, it was never clear if fiscally conservative Senate Republicans would be on board.

Now, an incoming Biden administration is already changing the dynamics of stimulus debates. The Democratic President-elect made it clear during the campaign that he favored a larger stimulus package, like the one put forward by House Democrats.

But a lot of this hinges … Read More

‘Our closest ally’, UK PM Johnson voices confidence in U.S. ties By Reuters

© Reuters. FILE PHOTO: Britain’s Secretary of State for Foreign affairs Dominic Raab leaves Downing Street in London, following the outbreak of the coronavirus disease (COVID-19), London

By Elizabeth Piper

LONDON (Reuters) – The United States is Britain’s closest and most important ally, Prime Minister Boris Johnson said on Sunday, expressing confidence he could achieve much on everything from trade to climate change with President-elect Joe Biden.

Johnson, who was once fondly dubbed “Britain Trump” by President Donald Trump, congratulated Biden on his victory on Saturday, saying he looked forward to “working closely together on our shared priorities”.

But some say Johnson, a leading force in the campaign to leave the European Union, might struggle to forge a close bond with Biden, who has in the past cast doubt over Brexit and has never met the prime minister.

Johnson, his foreign minister Dominic Raab and other members of the governing

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