Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate.
Tapering – the end of quantitative easing – has finally arrived, bringing an epilogue to the era of cheap money. How will tapering impact the economy, and what does it mean for the common public? In this article, Financial Literacy columnist Bradley Tian examines the working and implications of the tapering process.
On October 2, 2020 India and South Africa proposed a temporary waiver on coronavirus vaccine patent rights in a meeting of the World Trade Organization. With over 100 co-signatories (mostly developing countries), the so-called “TRIPS Vaccine Waiver” has raised questions about intellectual property and access ethics during a pandemic.
Biden’s climate plan was one of the most highly anticipated of his campaign promises due to its $2 Trillion investment in combating climate change. This article will detail the basics of the plan, its effect on US GDP and investments, and analysis by policy experts.
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.
BRB dives into presidential candidate Joe Biden’s tax plan. With the election right round the corner, we have condensed and summarized all you need to know about what is going on with Biden’s taxes.