Heather LongVerified account

@byHeatherLong

Economics Correspondent | Proud Pennsylvanian | Email: Heather.long@washpost.com

Washington, DC
washingtonpost.com/people/heather…
Joined February 2011
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  1. Retweeted
    6 hours ago

    Janet Nominaten

    32 replies 412 retweets 4,076 likes
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  2. 5 hours ago

    WaPo confirms the WSJ scoop: Janet L. Yellen is Biden's pick for Treasury Secretary. Yellen recently told WaPo "it's urgent" to get more stimulus. "I am particularly concerned about the fact that quite a few –esp. low income workers –stand to suffer permanent job loss," she said

    NEWS: Biden intends to nominate former Fed chairman Janet Yellen to be the next Treasury secretary, people familiar with the decision tell and I.
    5 replies 55 retweets 226 likes
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  3. Retweeted
    8 hours ago

    BREAKING: Biden-world has asked Fed's LAEL BRAINARD to remain at the central bank, meaning Biden will choose someone else as Treasury chief, sources tell me and This opens up the possibility for her to become Fed chair when Powell's term expires Feb 2022

    45 replies 168 retweets 438 likes
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  4. Retweeted
    11 hours ago

    NEW: Hungry at Thanksgiving: A Fall 2020 update on food insecurity in the U.S. BAD: Almost 10% of parents/mothers who *only* have children five or younger reported that their kids did not have enough to eat in separate surveys in October.

    , , and 2 others
    2 replies 40 retweets 45 likes
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  5. Retweeted
    13 hours ago

    This morning my debut in : I talk about the legendary shaping the future of economic policy through and how her being on is win for us all.

    9 replies 176 retweets 777 likes
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  6. Retweeted
    Nov 20

    New letter from Powell to Mnuchin: "We will work out arrangements with you for returning the unused portions of the funds allocated to the CARES Act facilities in connection with their year-end termination."

    Biden’s team had not been given advance notice or consultation. Aides had looked at the unspent $ as one of many tools to boost the flagging economy Biden is set to inherit. "We should be reinforcing the government’s ability to respond and support the economy.” --
    2 replies 4 retweets 9 likes
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  7. Retweeted
    Nov 20

    > has tested positive for covid-19, per his office. Second diagnosis in the Senate this week.

    83 replies 178 retweets 744 likes
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  8. Nov 20

    The big takeaway here = Congress needs to act ASAP. The economy clearly needs more stimulus. The Fed and Treasury are calling for Congress to act Fed would also like the lending facilities extended.

    Treasury Secretary Mnuchin tries to calm fears: "We are following the intent of Congress." "We need congress to re-appropriate these funds." "Corporations don't need this $$." "We’re saying to Congress, go spend this money & help small businesses and people that really need it."
    5 replies 12 retweets 35 likes
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  9. Nov 20

    Treasury Secretary Mnuchin tries to calm fears: "We are following the intent of Congress." "We need congress to re-appropriate these funds." "Corporations don't need this $$." "We’re saying to Congress, go spend this money & help small businesses and people that really need it."

    2 replies 27 retweets 88 likes
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  10. Retweeted
    Nov 19

    If Joe Biden picks Janet Yellen as his Treasury Secretary, she will be the only person to have ever held all three of the most important economic policymaking positions in government: Fed Chair, CEA Chair, and Treasury Secretary.

    35 replies 248 retweets 1,430 likes
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  11. Nov 19

    This is interesting. Treasury Secretary Mnuchin wants the Federal Reserve $$ back in order to do more direct aid to small biz, etc. (Fed can only make loans) Basically he’s saying he thinks this $$ might be best chance for stimulus by end of year.

    Mnuchin called me to talk about his Fed facilities announcement: "I hope that Congress will seriously consider reallocating $580 billion of funds that have already been appropriated that wouldn't cost taxpayers an additional penny."
    Show this thread
    18 replies 15 retweets 50 likes
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  12. Retweeted
    Nov 19

    This'll be missed in the Rudy chaos news, but this is a big deal. The Fed is publicly asking for help saving this economy and the Trump Administration is saying no.

    Fed response indicates they beg to differ: "The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy."
    Show this thread
    40 replies 913 retweets 1,624 likes
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  13. Retweeted
    Nov 19

    Wow Fed pushing back on Mnuchin: "The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy."

    29 replies 314 retweets 1,061 likes
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  14. Nov 19

    December 31 is going to be a rough day for the economy. ~12 million will lose unemployment aid Federal Reserve forced to shut down Main Street Lending, Muni Lending and Corporate Credit.

    🚨Treasury Secretary Mnuchin requests that the Fed return all of the unused CARES Act funds that were allocated to its emergency lending programs by the end of the year.
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    10 replies 75 retweets 124 likes
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  15. Retweeted
    Nov 19

    ! Joe Biden announces he's chosen a Treasury secretary: "I've made that decision. We've made that decision." Says person will be supported by progressives and moderates in Democratic Party

    169 replies 128 retweets 1,208 likes
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  16. Nov 19

    Red flag: 4.4 million Americans are receiving "Pandemic Emergency Unemployment Compensation," up from 1.4 million in August. That's the program for people who have been unemployed for months and exhausted their regular UI. **It will end on Dec. 26 if Congress does not act**

    15 replies 174 retweets 257 likes
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  17. Nov 19

    Just In: 1.1 million Americans filed *new* unemployment claims last week. That's an increase of ~42,000 from the prior week, a warning sign that layoffs could rise as covid cases soar and no more stimulus comes. **Over 20 million Americans are currently on unemployment aid**

    19 replies 209 retweets 222 likes
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  18. Retweeted
    Nov 18

    Fed chair Powell yesterday: “With the virus now spreading at a fast rate, the next few months will be very challenging." NY Fed chief Williams today: “If COVID spreads rapidly that’s going to hurt the economy.”

    1 reply 5 retweets 10 likes
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  19. Retweeted
    Nov 18

    NEW: 12 million Americans are set to lose unemployment benefits the day after Christmas — an unprecedented blow to struggling families if Congress fails to act before then

    9 replies 103 retweets 154 likes
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  20. Nov 18

    Things I learned about NY Fed President John Williams at today: -He loves video games -He has NOT had a covid test -He believes cities "absolutely" will come back -He predicts more FLEXIBILITY in the workplace -"I will never use a letter to describe this recession"

    1 reply 2 retweets 19 likes
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