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Note: Survey of 2,140 Goldman Sachs 10,000 Small Businesses; Data: Goldman Sachs; Chart: Danielle Alberti/Axios

Nearly 90% of small business owners say they are confident their shops will survive — compared to the 68% that said so this time last year, according to a new survey by Goldman Sachs.

Yes, but: Just one-quarter expect to maintain payroll when government relief funds are exhausted, assuming there's no further aid.

The big picture: Small businesses will get a tax credit for paying employees for time off to get vaccinated, President Biden announced Wednesday.

Go deeper

Biden announces small business tax credits for vaccine PTO

Photo: Doug Mills/The New York Times/Bloomberg via Getty Images

President Biden on Wednesday called on all employers to provide workers paid time off to get vaccinated or recover from COVID side effects, and said he'll include a paid tax credit for small businesses that do so.

Why it matters: The Biden administration sees workplaces as highly influential in making shots more convenient for working adults who are in high-risk industries.

The consumer's massive "war chest"

Illustration: Megan Robinson/Axios

Economists expect the pace of economic growth to cool off now that government transfer payments like stimulus checks and emergency unemployment benefits are in the rearview mirror. But evidence suggests that the U.S. consumer is sitting on a lot of financial firepower that could be a key driver of growth in the quarters to come.

Why it matters: U.S. consumer spending is massive, representing about 70% of GDP.

The Fed takes on its own rules amid stock trading controversy

Photo: Al Drago/Bloomberg via Getty Images

New disclosures that showed Fed officials were active in financial markets set off a firestorm of criticism. Now the Fed may overhaul the long-standing rules that allow those transactions.

Why it matters: What officials actively traded was sensitive to the Fed decisions they helped shape, including the unprecedented support that underpinned a massive financial market boom.