Weekly Bottom Line
- America’s economic recovery picked up steam at the start of 2021, with growth accelerating to 6.4% (annualized). Growth was powered by consumption, which expanded by 10.7% (annualized).
- President Biden unveiled the American Families Plan this week. The plan calls for $1.8 trillion in new spending on childcare, education and paid leave, and would be funded by raising taxes on the wealthiest Americans.
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