President-elect Joe Biden has an ambitious stimulus plan and he wants to increase supplemental jobless benefits by $400 a week. While touting his skills negotiating across the aisle, with the Senate split 50-50 he will have to compromise, says @GinaChon.
JPMorgan is flush with capital, and raised over $2 trillion for clients in 2020. Yet its loan growth came mainly from government-backed programs and lending to rich clients. Big banks have strong balance sheets they’re not really using, says @johnsfoley.
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