Stimulus Deal Getting Closer, But There’s More Work To Be Done

Only in Washington can politicians slowly make progress toward a stimulus deal while pounding the table and accusing the other side of being unreasonable. Yet even with negotiations over the next stimulus package at a standstill, the two sides moved $500 billion closer to a deal last week. Here’s what happened and what’s left to […]

Value added tax, pension, bonus: All of this changes for you from today

Families receive a child bonus of EUR 300, VAT is temporarily reduced, pensions increase and tests for the corona virus are expanded. This and other things await you in the new month. VAT is temporarily reduced The new stimulus package should give citizens more money for consumption. (Photo: Jan Woitas / dpa-Zentralbild / ZB / […]

British stimulus package: Johnson’s little New Deal

MWith a speech about a “New Deal” for Great Britain, Prime Minister Boris Johnson tried to get back on the offensive from the corona-related defensive. However, due to high expectations, the reactions were muted, and the measures announced, including £ 5 billion (€ 5.5 billion) for infrastructure projects, hospitals and schools, were largely known in […]

The federal government’s stimulus package must be credible

It is the federal government, otherwise so fixated on the black zero, that launched the largest aid program to date in the corona crisis. Chancellor Angela Merkel (CDU) and Finance Minister Olaf Scholz (SPD) now want to have the huge acute aids followed by an economic stimulus program. This is sorely needed despite the aid […]

“Broadband for everyone” would be a smart stimulus

Dhe demands are increasing that the federal government’s economic stimulus plan, which is planned for early June, should above all benefit climate protection. At first glance, steps to boost the economy in the short term seem difficult to reconcile with the long-term climate goals. Operated intelligently, economic stimulus can certainly be combined with a longer-running […]

Economists reject government support

Berlin When Sigmar Gabriel (SPD) was Minister of Economics before 2017, he happily blasphemed that he would get six different recommendations if asked by five economists. Federal Minister of Economics Peter Altmaier (CDU) does not have the problem today. “A car purchase bonus makes no economic sense, creates false industrial policy incentives and does not […]

Congress members agree to further billions in aid

Mitch McConnell According to Senate Majority Leader Mitch McConnell, the package should be swiftly adopted. (Photo: AP) Washington In the United States, Republicans and Democrats have agreed on another stimulus package of $ 480 billion, according to the Senate majority leader. The corresponding legislative package should now be passed quickly, said Republican Mitch McConnell on […]

480 billion: America gets another stimulus package

President Donald Trump hands over the pen to Senate Majority Leader Mitch McConnell (3rd from left) at the end of March with which he signed the first Corona relief package. Image: AP In March, the United States launched a $ 2.2 trillion stimulus package. Because that’s not enough, another $ 480 billion will be released. […]

Japan announces the Corona emergency

Aus Fear of an explosive spread of the new corona virus in Japan, Prime Minister Shinzo Abe declared the emergency for the cities of Tokyo and Osaka and five other prefectures on Tuesday. The cabinet also adopted a stimulus package worth 108 trillion yen to mitigate the expected economic downturn as a result of the […]