Goldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'_老虎社区_美港股上老虎

Goldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'

seekingalpha2021-12-20

That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations ...

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KryZ
·2021-12-20
Here we go again....
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- Atsc89:
  Done
  2021-12-20
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Khoo12
·2021-12-20
Great
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President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations ...</p>\n\n<a href=\"https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better","article_id":"1109845349","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109845349","pubTimestamp":1639999940,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"That's all folks... 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President Biden has been dealt a severe blow to his economic agenda after West V","content":"<p>That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations had been underway for much of the past six months, but the latest disagreement means the bill is likely doomed unless his demands are met for a smaller, less sweeping package. The social and environment measure would extend the expanded child tax credit, create free preschool and provide $550B for tax breaks and spending aimed at curbing carbon emissions, among other initiatives.</p>\n<p><i>Quote:</i>\"My Democratic colleagues in Washington are determined to dramatically reshape our society in a way that leaves our country more vulnerable to the threats we face,\" Manchin told<i>Fox News Sunday</i>. \"I cannot take that risk with a staggering debt of more than $29T and inflation taxes that are real and harmful to every hard-working American at the gasoline pumps, grocery stores and utility bills with no end in sight.\"</p>\n<p>Investors are watching how the political drama will spill into the markets, with many eyeing the Treasury landscape. The killing of the bill could lead to lower yields and a flatter curve, given slower growth and more moderate inflation expectations. Last month, economists at the White House forecast that the U.S. economy could lose 9% of GDP in 2022 if emergency programs aren't replaced with BBB or the separate $1T bipartisan infrastructure bill (which has since been passed and was signed by Biden on Nov. 15).</p>\n<p><b>Analyst commentary:</b>\"We had already expected a negative fiscal impulse for 2022 as a result of the fading support from COVID-relief legislation enacted in 2020 and 2021, and without BBB enactment, this fiscal impulse will become somewhat more negative than we had expected,\"said&nbsp;Goldman Sachs chief U.S. economist Jan Hatzius. Specifically, the expiration of the child tax credit and no other new spending would cut the U.S. GDP growth forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% in Q2 and to 2.75% from 3% in Q3. There is \"still a good chance\" Congress enacts a much smaller set of fiscal proposals, added Hatzius, or \"retroactively extends the expanded child tax credit.\"</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations ...</p>\n\n<a href=\"https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1109845349","content_text":"That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations had been underway for much of the past six months, but the latest disagreement means the bill is likely doomed unless his demands are met for a smaller, less sweeping package. The social and environment measure would extend the expanded child tax credit, create free preschool and provide $550B for tax breaks and spending aimed at curbing carbon emissions, among other initiatives.\nQuote:\"My Democratic colleagues in Washington are determined to dramatically reshape our society in a way that leaves our country more vulnerable to the threats we face,\" Manchin toldFox News Sunday. \"I cannot take that risk with a staggering debt of more than $29T and inflation taxes that are real and harmful to every hard-working American at the gasoline pumps, grocery stores and utility bills with no end in sight.\"\nInvestors are watching how the political drama will spill into the markets, with many eyeing the Treasury landscape. The killing of the bill could lead to lower yields and a flatter curve, given slower growth and more moderate inflation expectations. Last month, economists at the White House forecast that the U.S. economy could lose 9% of GDP in 2022 if emergency programs aren't replaced with BBB or the separate $1T bipartisan infrastructure bill (which has since been passed and was signed by Biden on Nov. 15).\nAnalyst commentary:\"We had already expected a negative fiscal impulse for 2022 as a result of the fading support from COVID-relief legislation enacted in 2020 and 2021, and without BBB enactment, this fiscal impulse will become somewhat more negative than we had expected,\"said Goldman Sachs chief U.S. economist Jan Hatzius. Specifically, the expiration of the child tax credit and no other new spending would cut the U.S. GDP growth forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% in Q2 and to 2.75% from 3% in Q3. There is \"still a good chance\" Congress enacts a much smaller set of fiscal proposals, added Hatzius, or \"retroactively extends the expanded child tax credit.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7054838,"gmtCreate":1640001806429,"gmtModify":1640001806530,"authorId":3562791266647459,"author":{"id":3562791266647459,"idStr":"3562791266647459","authorId":3562791266647459,"name":"Atsc89","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693882717,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"CN"},{"id":693881759,"gmtCreate":1640000803701,"gmtModify":1640000804157,"author":{"id":"3564738902623228","authorId":"3564738902623228","name":"Khoo12","avatar":"https://static.tigerbbs.com/a1637796379aeed1538616117eb09330","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3564738902623228","authorIdStr":"3564738902623228"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693881759","repostId":1109845349,"repostType":4,"repost":{"id":"1109845349","kind":"news","pubTimestamp":1639999940,"share":"https://www.laohu8.com/m/news/1109845349?lang=&edition=full","pubTime":"2021-12-20 19:32","market":"us","language":"en","title":"Goldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'","url":"https://stock-news.laohu8.com/highlight/detail?id=1109845349","media":"seekingalpha","summary":"That's all folks... President Biden has been dealt a severe blow to his economic agenda after West V","content":"<p>That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations had been underway for much of the past six months, but the latest disagreement means the bill is likely doomed unless his demands are met for a smaller, less sweeping package. The social and environment measure would extend the expanded child tax credit, create free preschool and provide $550B for tax breaks and spending aimed at curbing carbon emissions, among other initiatives.</p>\n<p><i>Quote:</i>\"My Democratic colleagues in Washington are determined to dramatically reshape our society in a way that leaves our country more vulnerable to the threats we face,\" Manchin told<i>Fox News Sunday</i>. \"I cannot take that risk with a staggering debt of more than $29T and inflation taxes that are real and harmful to every hard-working American at the gasoline pumps, grocery stores and utility bills with no end in sight.\"</p>\n<p>Investors are watching how the political drama will spill into the markets, with many eyeing the Treasury landscape. The killing of the bill could lead to lower yields and a flatter curve, given slower growth and more moderate inflation expectations. Last month, economists at the White House forecast that the U.S. economy could lose 9% of GDP in 2022 if emergency programs aren't replaced with BBB or the separate $1T bipartisan infrastructure bill (which has since been passed and was signed by Biden on Nov. 15).</p>\n<p><b>Analyst commentary:</b>\"We had already expected a negative fiscal impulse for 2022 as a result of the fading support from COVID-relief legislation enacted in 2020 and 2021, and without BBB enactment, this fiscal impulse will become somewhat more negative than we had expected,\"said&nbsp;Goldman Sachs chief U.S. economist Jan Hatzius. Specifically, the expiration of the child tax credit and no other new spending would cut the U.S. GDP growth forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% in Q2 and to 2.75% from 3% in Q3. There is \"still a good chance\" Congress enacts a much smaller set of fiscal proposals, added Hatzius, or \"retroactively extends the expanded child tax credit.\"</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman cuts U.S. GDP forecast after Manchin says no to 'Build Back Better'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations ...</p>\n\n<a href=\"https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3781503-goldman-cuts-us-gdp-forecast-after-manchin-says-no-to-build-back-better","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1109845349","content_text":"That's all folks... President Biden has been dealt a severe blow to his economic agenda after West Virginia Senator Joe Manchin outright rejected the nearly $2T Build Back Better Plan. Negotiations had been underway for much of the past six months, but the latest disagreement means the bill is likely doomed unless his demands are met for a smaller, less sweeping package. The social and environment measure would extend the expanded child tax credit, create free preschool and provide $550B for tax breaks and spending aimed at curbing carbon emissions, among other initiatives.\nQuote:\"My Democratic colleagues in Washington are determined to dramatically reshape our society in a way that leaves our country more vulnerable to the threats we face,\" Manchin toldFox News Sunday. \"I cannot take that risk with a staggering debt of more than $29T and inflation taxes that are real and harmful to every hard-working American at the gasoline pumps, grocery stores and utility bills with no end in sight.\"\nInvestors are watching how the political drama will spill into the markets, with many eyeing the Treasury landscape. The killing of the bill could lead to lower yields and a flatter curve, given slower growth and more moderate inflation expectations. Last month, economists at the White House forecast that the U.S. economy could lose 9% of GDP in 2022 if emergency programs aren't replaced with BBB or the separate $1T bipartisan infrastructure bill (which has since been passed and was signed by Biden on Nov. 15).\nAnalyst commentary:\"We had already expected a negative fiscal impulse for 2022 as a result of the fading support from COVID-relief legislation enacted in 2020 and 2021, and without BBB enactment, this fiscal impulse will become somewhat more negative than we had expected,\"said Goldman Sachs chief U.S. economist Jan Hatzius. Specifically, the expiration of the child tax credit and no other new spending would cut the U.S. GDP growth forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% in Q2 and to 2.75% from 3% in Q3. There is \"still a good chance\" Congress enacts a much smaller set of fiscal proposals, added Hatzius, or \"retroactively extends the expanded child tax credit.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":22,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}