Biggest Stories of the Week: Tax Changes in Biden’s $7T Budget; Troubling Economic Signs to Watch; New SEC Custody Rule
ThinkAdvisor
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President Joe Biden released his nearly $7 trillion budget proposal on Thursday, floating tax hikes on the wealthy to pay for shoring up Medicare and narrowing the budget deficit. Meanwhile, DoubleLine Capital CEO Jeffrey Gundlach says data points to a recession ahead or in progress, and compliance experts are raising alarms over the Securities and Exchange Commission's plan to replace the Custody Rule.
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