Ben Mohr, CFA
Director of Fixed Income
This past Saturday, August 8th, President Trump issued several executive actions that serve as an emergency COVID-19 aid package. The package includes three memoranda that provide assistance for the jobless, a payroll tax deferral, and an extension of the student loan payment moratorium and an executive order that provides rental and mortgage assistance to mitigate evictions and foreclosures. The executive actions came about because of a stalled Congress as negotiations over the last two weeks fell apart last Friday, August 7th, between the Senate Republicans with their $1 trillion proposal and the House Democrats with their $3.5 trillion proposal.
This newsletter puts these executive actions into context with earlier federal stimulus packages, including an overview of how each action will be implemented and expected economic and financial impacts.
While legislators have been focused on negotiating the next round of stimulus and dealing with the implications of the recent…
On Saturday, November 7th, Joe Biden was declared the winner of the presidential election and will become the 46th president…
In this week’s chart of the week, we look at the estimated growth of Gross Domestic Product (GDP) — the…
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