A bipartisan group of lawmakers pushed for a new coronavirus stimulus bill, which was rejected by McConnell. Experts say it falls short to help Americans need now.
President-elect Joe Biden and Vice President-elect Kamala Harris are set to introduce key economic team members Tuesday afternoon in Wilmington, Delaware.
With Janet Yellen in line for Treasury secretary, Biden must now round out a team tasked with nursing the U.S. economy back to health.
Paul McCulley, adjunct professor at Georgetown's McDonough School of Business and former PIMCO chief economist, joins "Squawk Box" to discuss the factors he saw in the markets back in March that led to him to successfully calling the bottom as well as the need for more government stimulus during the pandemic.
Paul McCulley, adjunct professor at Georgetown's McDonough School of Business and former Pimco chief economist, called the bottom back in March. He joins "Squawk Box" to discuss what he expects for the markets as well as how the government can help stimulate the economy.
Alan Blinder, former vice chairman of The Federal Reserve and professor of economic and public affairs at Princeton University, joins CNBC's "Squawk on the Street" to discuss what would be former Fed chair Janet Yellen's first action of business if she becomes President-elect Joe Biden's Treasury Secretary.
"If you like stocks, you got two great people," Jim Cramer said on Tuesday about the potential of Janet Yellen, former Federal Reserve chair, running the Treasury Department as well as Jerome Powell staying on as chairman of the Federal Reserve under a Biden administration.
As President-elect Joe Biden finalizes his cabinet picks, Binay Chandgothia from Principal Global Asset Allocation explains what to expect from a Janet Yellen Treasury.
Mark Vitner of Wells Fargo Securities discusses why picking former Federal Reserve chair Janet Yellen to head the Treasury Department is good news for equities.
Stocks rallied as news leaked out that President-elect Joe Biden has selected Janet Yellen as his Treasury Secretary.
Yellen, if confirmed by the Senate, would be the first woman to lead the Treasury Department.
Treasury Secretary Steven Mnuchin said he would work with his successor on a transition but did not acknowledge Joe Biden as president-elect.
Mnuchin said that he and GOP lawmakers will attempt to draft a targeted stimulus package and meet with Democrats.
Mnuchin downplayed on CNBC his department's decision to pull the plug on several Federal Reserve programs.
U.S. Treasury Secretary Steven Mnuchin decided to allow key pandemic relief programs to expire.
Treasury Secretary Steven Mnuchin has decided to allow several of the Fed's emergency lending programs to expire on December 31. The decision could reduce the central bank's ability to backstop the financial system, but the Fed will still have arrows in its quiver. CNBC's Steve Liesman reports.
Mnuchin's decision to allow several of the Fed's emergency lending programs to expire will reduce the central bank's ability to backstop the financial system.
"It's someone who will be accepted by all elements of the Democratic Party, from the progressive to the moderate coalitions,"
President-elect Joe Biden delivers remarks after meeting with governors.
Seven states established a workaround for business owners facing a $10,000 cap on state and local tax deductions. The IRS has signaled it would greenlight it.