President Biden

White House eyes pick for top banking regulator role

White House begins testing congressional support for former Obama Treasury official

3 min read

Bank mergers risk delays as Biden administration shows its hand

New appointments set up a review of the rules

5 min read

House Democrats set to propose increase in corporate tax rate to 26.5%

Lawmakers are expected to propose a smaller capital gains tax increase than Biden wants

5 min read

El-Erian: A promising moment in America’s recovery

Optimism about the country’s economic prospects opens a valuable window for the administration to address the complex policy challenges it is facing in 2021 and beyond

4 min read

The US entered the pandemic with a federal budget that was already on an unsustainable trajectory

$1.9tn is too much stimulus and it eclipses the economic benefit

The extra spending is more than double the output gap and is unlikely to generate the intended multiplier effect

4 min read