What you need to know on the markets this week: Biden's spending plans, bitcoin's blues and an unloved dollar vye with the first Fed meeting and a look at US GDP

President Biden's Twitter page. He wasted no time in revealing his spending plans. Nur Photo/Getty Images Joe Biden has been sworn in as the 46th president and wasted no time in unveiling his spending plans. Stocks hit record highs thanks to the prospect of $1.9 trillion in stimulus, but bitcoin has tumbled. Investors will get a first look at...

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Biden ordered a review of domestic extremism in the US after the Capitol siege, but a number of political, legal, and cultural obstacles lie ahead

President Joe Biden speaks before signing executive orders on his first day in White House on January 21, 2021. (Photo by MANDEL NGAN/AFP via Getty Images) President Joe Biden on Friday said several intelligence departments would be working together to assess domestic terrorism.  There have been calls to expand state security in light of the...

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A Texas man who tweeted "Assassinate AOC" is facing charges in the Capitol riot, FBI says

Garret Miller. Department of Justice A Texas man charged in the US Capitol riot tweeted "Assassinate AOC" the day of the attack. In a criminal complaint, the FBI says Garret Miller made multiple threats of violence online. Rep. Alexandria Ocasio-Cortez has said she thought she was going to die during the insurrection. Visit Business Insider's...

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A Republican congressman from Pennsylvania was instrumental in Trump's plan to shake up the Justice Department and overturn the election

Th House Homeland Security Committee's Oversight and Management Efficiency Subcommittee Chairman Scott Perry (R-PA) holds a hearing about the possibility of transferring Guantanamo Bay detainees out of Cuba and into the United States on Capitol Hill April 28, 2016. Chip Somodevilla/Getty Images A little-known GOP congressman from Pennsylvania...

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Tom Brady is leading the Buccaneers through their first playoff run in over a decade. Here's how the quarterback and his supermodel wife Gisele Bündchen make and spend their millions.

Tom Brady gets a kiss from his wife Gisele Bundchen following Patriots training camp. John Tlumacki/The Boston Globe via Getty Images Tom Brady left the New England Patriots to sign with the Tampa Bay Buccaneers this past offseason, and the quarterback is enjoying rermarkable success with his new squad.Brady and his wife, Gisele Bündchen, comprise...

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Trump wanted the Justice Department to sue individual states to overturn their election results, but top officials refused, WSJ report says

President Donald Trump. Getty Trump wanted the Justice Department to sue states directly in the Supreme Court to overturn the election results. DOJ officials refused, prompting Trump to plot to replace the acting attorney general with a loyalist. That effort was foiled by DOJ leaders when some threatened to resign if Jeffrey Rosen was removed....

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A former Trump economic official supports Biden's $1.9 trillion coronavirus relief package

White House economic adviser Kevin Hassett speaks to members of the press in front of the West Wing of the White House May 22, 2020 in Washington, DC. Alex Wong/Getty Images One of Trump's former top economic advisors says he supports Biden's nearly $2 trillion coronavirus relief package, CNN reported. The large package would include a $1,400...

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'You shouldn't be calling yourself a Ranger': Tom Cotton's military service is under scrutiny from a fellow Army veteran in Congress

Republican Sen. Tom Cotton of Arkansas. ANDREW HARNIK/POOL/AFP via Getty Images Republican Sen. Tom Cotton's past characterization of his military service is drawing scrutiny from critics. A recent Salon report resurfaced a longtime debate over military titles. Democratic Rep. Jason Crow of Colorado, a US Army veteran, took note of the debate...

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Senators who backed Trump's election challenge may rethink their stance on impeachment after losing corporate funding, experts say

President Donald Trump pumps his fist as he departs on the South Lawn of the White House, on December 12, 2020. Al Drago/Getty Images The mass exodus of corporate backing could affect how senators vote on Trump's impeachment trial, experts say. Dozens of companies have pulled funding from the GOP lawmakers who voted against Biden's certification....

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Trump's pardons may be poorly worded enough to leave some people on the hook

President Donald Trump gives a presidential 'pardon' to the National Thanksgiving Turkey Butter in the Rose Garden of the White House November 26, 2019 in Washington, DC. While Butter may be safe, Paul Manafort still faces risks, experts say. Chip Somodevilla/Getty Images President Trump's pardons leave some of their subjects open to additional...

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