The US Treasury has decided to stop all funding programmes currently in force from the early parts of the year. Funds leftover from the programmes must be returned. This will allow for use on different programs in more needy sectors. It is clear they state gigantic relief package has worked. The FED, however, state that the programmes should continue. They maintain that businesses remain in need of help. Recovery has been uneven and is showing signs of stress given the resurgence. Businesses still require support they claim. The treasury, however, has some support from the chairman of the Senate committee on banks.

Some think this is a political move limiting the options of any incoming administration. It is also clear that there will be no further stimulus package in the transition phase.

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Mike is our Business Reporter who also used to make pop-up adaptations of Plato’s work. Mike strongly believes that Business should be recognized as an independent category of philosophy. That’s probably because he actually attended the IE University and double-majored in Philosophy and Business Analytics, so it’s hard to dispute. Growing up in a household of university professors, Mike has always been innovative with the knowledge that the world offered to him. He covered subjects such as finance, money, economic issues, stock market data for The Vault, Money Aim, RIS Media, and The Realtor. We were, however, surprised when Mike agreed to be our independent Business Reporter, since he used to claim he didn’t know what to do in media. This was false, he's just too humble.


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