World shares gain on expected US pandemic relief package
US treasury secretary nominee Janet Yellen says benefits of big stimulus are greater than the expenses of a higher debt burden
20 January 2021 - 11:42
London/Tokyo — World shares gained on Wednesday on expectations of hefty US spending after US treasury secretary nominee Janet Yellen urged lawmakers to “act big” to save the economy and worry about debt later. Oil rose but the dollar slipped in response.
At her confirmation hearing on Tuesday, Yellen said the benefits of a big stimulus package to counter the coronavirus pandemic were greater than the expenses of a higher debt burden...
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