Goldman Sees Congress Approving $1.1 Trillion in Near-Term Aid
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Goldman Sachs Group Inc. raised its forecast for the amount of near-term stimulus Congress will approve after President-elect Joe Biden unveiled his plan Thursday, though kept it well short of the proposed $1.9 trillion package.
The bank’s new projection of $1.1 trillion, up from a previous forecast of $750 billion, reflects more spending on education and public health, along with unemployment insurance and other programs, analyst Alec Phillips wrote in a note late Thursday.