12182020 :: Friday finance week in review
A partial digest of what we learned:
Will it be $908 billion, or only $748 billion if aid to states and municipalities gets axed to keep COVID-19 lawsuit protections out? The disputes don’t end there. A stimulus package accord may be derailed by sticklers for an irreversible end to Federal Reserve lending programs, much against Powell’s wishes. Then, there’s a lack of agreement over $1,200 checks to households.
It’s probable that traders have priced in at least $908 billion for the next aid bill, whenever it…