Economics
The Improving U.S. Economy Could Complicate Biden’s Stimulus Plan
- Biden has called for big fiscal package of $1.9 trillion
- Payrolls forecast to rebound slightly after December decline
This article is for subscribers only.
The U.S. economy is showing some scattered signs of picking up from an end-of-year slowdown, muddying President Joe Biden’s efforts to win congressional passage of a $1.9 trillion stimulus package.
New claims filed for unemployment benefits have fallen for two straight weeks, while January payrolls are forecast to rebound from a December swoon in data out on Friday. Growth at service sector companies accelerated last month to an almost two-year high and homebuilders said demand remained robust.