{"id":112265,"date":"2021-02-11T04:47:45","date_gmt":"2021-02-11T04:47:45","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112265"},"modified":"2021-02-11T04:47:45","modified_gmt":"2021-02-11T04:47:45","slug":"omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/","title":{"rendered":"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid"},"content":{"rendered":"
Neera Tanden, President Joe Biden’s nominee for Director of the Office of Management and Budget (OMB), attends a hearing with the Senate Committee on the Budget on Capitol Hill in Washington, U.S., February 10, 2021. Anna Moneymaker\/Pool via REUTERS<\/figcaption>

WASHINGTON (Reuters) – U.S. economic growth will not return to pre-pandemic levels for years without additional fiscal stimulus, Neera Tanden, Democratic President Joe Biden\u2019s nominee to head the U.S. Office of Management and Budget, told senators on Wednesday.<\/p>\n

Tanden told a confirmation hearing before the Senate Budget Committee it was critical to monitor any potential increases in interest rates that would raise the cost of government borrowing, but it was more important at this moment to ensure the prospects for a strong economic recovery.<\/p>\n

\u201cWe should absolutely monitor interest rates,\u201d Tanden said, noting that while interest rates had remained low in recent years, it was possible they could rise in the future and it was critical to keep an eye on long-term deficits.<\/p>\n

Tanden also said current high rates of unemployment constituted a \u201cdeep crisis\u201d for the economy that required more aid at the moment.<\/p>\n

\u201cIn this particular moment, the concerns … are significant about scarring in the economy, and basically growing at a low level too long,\u201d she said, citing a recent Congressional Budget Office study that showed further spending was needed to ensure gross domestic product (GDP) growth returned to earlier levels.<\/p>\n

\u201cThey say we would not get to pre-pandemic levels with our GDP for several years,\u201d she said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Neera Tanden, President Joe Biden’s nominee for<\/p>\n","protected":false},"author":3,"featured_media":112264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nOMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Neera Tanden, President Joe Biden’s nominee for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-11T04:47:45+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor530.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/\",\"name\":\"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-11T04:47:45+00:00\",\"dateModified\":\"2021-02-11T04:47:45+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/","og_locale":"en_US","og_type":"article","og_title":"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid - Pre Coin News","og_description":"Neera Tanden, President Joe Biden’s nominee for","og_url":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-11T04:47:45+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor530.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/","url":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/","name":"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-11T04:47:45+00:00","dateModified":"2021-02-11T04:47:45+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/omb-nominee-says-u-s-gdp-wont-reach-pre-pandemic-levels-for-years-without-more-aid\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"OMB nominee says U.S. GDP won't reach pre-pandemic levels for years without more aid"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/112265"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=112265"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/112265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/112264"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=112265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=112265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=112265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}