A surge of imports into the U.S. economy shows little sign of slowing down, clogging American ports and highlighting ways the pandemic is still causing imbalances in the global recovery.
A mass movement from traditional brick-and-mortar shopping methods toward more online activity was inevitable, and already in process, but the COVID-19 pandemic accelerated the transformation.
Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches for U.S. retailers already reeling from the pandemic.
President Biden’s $1.9 trillion stimulus bill, if congressional leaders pass the full amount, would take his administration’s spending in 2021 to more than three times as much as euro-area countries have planned.
A look at the latest economic stimulus package, proposed by the Biden Administration and being shepherded through a divided Congress, with John Rosen, adjunct professor and director of The Liberty Initiative in the Pompea College of Business Economics Department at the University of New Haven.