Lebenthal Global Advisors President Dominick Tavella and Walser Wealth Management President Rebecca Walser discuss how stimulus checks will impact the economy and markets.
The massive $1.9 trillion coronavirus relief package that President Biden signed into law on Thursday afternoon includes hundreds of billions in funding for state and local governments, with New York, Texas and California poised to receive more than one-quarter of the total aid.
The American Rescue Plan includes $350 billion in unfettered aid for state and local governments, with $195.3 billion directed toward state governments and Washington, and $130.2 billion allocated for local governments. An additional $20…
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