Born to two parents who never graduated from high school, University of Richmond President Ronald A. Crutcher has spent a lifetime navigating between worlds. First as a Black classical cellist; then as a thinker and academic who grew up to shape the futures of thousands of young people.
At U.S. Treasury Secretary-designate Janet Yellen's confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a "sustainable" path, at least eventually. Her more extensive comments defending President Joe Biden's $1.9 trillion coronavirus spending plan, however, reflected a steady shift in economists' thinking about the mountains of government debt across the developed world that has been underway for a decade and has roots in the near collapse of the euro zone. Forget about the amount being borrowed, Yellen, a former Federal Reserve chair, told members of the Senate Finance Committee.
Tax breaks for meals provided by restaurants and favorable treatment for PPP loans are included in the Consolidated Appropriations Act.
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