Business
Biden’s $US7 trillion punt on US growth and economic supremacy – Sydney Morning Herald
The US is about to become the biggest contributor to global growth for the first time in decades but will it be lasting and could it produce an ugly ending?
Last December there was another $US900 billion of relief/stimulus approved by Congress and then the Biden administration successfully managed another $US1.9 trillion through Congress last month. The December and March spending alone total about 13 per cent of US GDP.
Joe Bidens not done with yet. Last week the administration unveiled its planned $US2.25 trillion infrastructure plan about half of it for physical infrastructure and the other half for social infrastructure.
If it can navigate Congress…
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