Goldman sees major GDP bounce ahead from stimulus bill

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The East Front of the Capitol is plowed as snow continues to fall in Washington on Sunday, Jan. 31, 2021. Congress could pass economic stimulus up to $1.5 trillion, an increased estimate from Goldman Sachs that has prompted the firm also to raise its already optimistic outlook for second-quarter growth. While President Joe Biden has proposed $1.9 trillion in new spending, Goldman expects the final figure to be below that level but above its previous estimate of $1.1 trillion. more...