Economy

Disease Experts Look to the End Of Pandemic But Aren't Sure When
Health
Disease Experts Look to the End Of Pandemic But Aren't Sure When
2021-04-16 13:25:59
by Tom Ramstack

WASHINGTON -- As the U.S. death toll reached 564,000 from COVID-19, the nation’s top disease experts said Thursday normal life will return for Americans only when enough of them get vaccinated. But with more than 70,000 new infections daily, they... Read More

US Jobless Claims Plunge to 576,000, Lowest Since Pandemic
Employment
US Jobless Claims Plunge to 576,000, Lowest Since Pandemic

WASHINGTON (AP) — The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.  The Labor Department said Thursday... Read More

Tourism Industry, Still Weak, Looking for Help
Travel
Tourism Industry, Still Weak, Looking for Help
2021-04-14 13:55:47
by Tom Ramstack

WASHINGTON -- The U.S. economy is continuing its recovery from the COVID-19 pandemic but not fast enough for tourism officials who testified before a Senate subcommittee Tuesday. They said their industry was the hardest hit during the pandemic shutdown and... Read More

‘People can’t buy what can’t be delivered’: Addressing Global Supply Chain Vulnerabilities
Economy
‘People can’t buy what can’t be delivered’: Addressing Global Supply Chain Vulnerabilities
2021-04-14 13:52:27
by Kate Michael

WASHINGTON — We all remember last year’s short-term stampede for toilet paper. But while stores were able to eventually restock personal products and cleaning supplies, will we be able to do the same with a shortage of semiconductors and other... Read More

U.S. Airline Struggles Continue a Year After Onset of Pandemic
Travel
U.S. Airline Struggles Continue a Year After Onset of Pandemic
2021-04-13 18:08:10
by TWN Staff

WASHINGTON - U.S. airlines carried 61% fewer passengers in February 2021 than in February 2020, according to preliminary data from the U.S. Transportation Department. The analysis, which was carried out by the department's Bureau of Transportation Statistics, suggests airlines serving... Read More

‘Devil is in the Details’ of Corporate Tax Reform
Business
‘Devil is in the Details’ of Corporate Tax Reform
2021-04-09 14:32:23
by Victoria Turner

Just as corporations and tax practitioners are beginning to adjust to the 2017 Tax Cuts and Jobs Act, the Biden administration’s proposed changes would introduce further complexities into an already complicated system, according to three U.S.-based tax attorneys. Biden’s proposal... Read More

Ready to Buy a Home? The Trick is Finding or Affording One
Economy
Ready to Buy a Home? The Trick is Finding or Affording One

LOS ANGELES (AP) — Nathan Long and Lili Chin have struck out so far in their four-month search to find an affordable home in the Los Angeles area — a cold streak that threatens to mess up their anniversary plans.... Read More

US Jobless Claims Up to 744K as Virus Still Forces Layoffs
Economy
US Jobless Claims Up to 744K as Virus Still Forces Layoffs

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid... Read More

U.S. Trade Deficit Hits Record High in February
Trade
U.S. Trade Deficit Hits Record High in February
2021-04-07 18:40:09
by TWN Staff

WASHINGTON - The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of other nations carefully shake off the economic hardships associated with the coronavirus pandemic. The trade deficit... Read More

Global Economy to See Multi-Speed Recovery
Economy
Global Economy to See Multi-Speed Recovery
2021-03-30 20:11:23
by Daniel Mollenkamp

The pandemic has caused profound and long-lasting changes to the global economy. However, the world also has a narrow window to avoid throwing lots of people into more uncertainty, insecurity, and poverty, said an executive from the International Monetary Fund... Read More

COVID-19 Sniffing Dogs Are Here To Stay, But Will They Make A Difference?
Health
COVID-19 Sniffing Dogs Are Here To Stay, But Will They Make A Difference?
2021-03-24 13:07:39
by Daniel Mollenkamp

ATLANTA - On Sunday, NASCAR joined the list of places using coronavirus-sniffing dogs as a tool to battle the virus's spread. The dogs can be taught to speedily screen large, busy crowds. This, together with the low cost involved in... Read More

Supply Bottlenecks Leave Ships Stranded, Businesses Stymied
Economy
Supply Bottlenecks Leave Ships Stranded, Businesses Stymied

NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo.  The pandemic... Read More

Chicago Expanding Outdoor Dining and Creative Spaces
Cities
Chicago Expanding Outdoor Dining and Creative Spaces
2021-03-19 20:14:26
by Sara Wilkerson

CHICAGO – The City of Chicago announced a new initiative called Chicago Alfresco, which seeks to not only expand the city’s outdoor dining program but also allow businesses and non-profit organizations to design creative long-term outdoor spaces. The initiative is... Read More

Essential Workers Deserve More Than Praise
Think Tanks
Essential Workers Deserve More Than Praise
2021-03-18 20:55:55
by Victoria Turner

Lisa Harris has not physically seen her family since the beginning of the pandemic just to keep them safe from her. She is one of the 50 million essential workers fearing the virus every day, yet still going into work... Read More

Infrastructure Investment Steers U.S. Out of Recession
Economy
Infrastructure Investment Steers U.S. Out of Recession
2021-03-17 20:05:07
by Tom Ramstack

WASHINGTON -- Congress sent clear signals this week that clean energy technology and the infrastructure to support it will provide a path to help the nation’s economy recover from the COVID-19 pandemic. In two hearings, economists and lawmakers bemoaned the... Read More

In Pennsylvania, Biden Showcases Aid to Small Businesses
Economy
In Pennsylvania, Biden Showcases Aid to Small Businesses

CHESTER, Pa. (AP) — President Joe Biden turned up at a minority-owned flooring business in suburban Philadelphia to highlight how his $1.9 trillion coronavirus relief package can help small businesses and to put a face on those who have struggled... Read More

Biden Administration's Antitrust: Traditional or Transformational?
Economy
Biden Administration's Antitrust: Traditional or Transformational?
2021-03-16 21:44:23
by Victoria Turner

The Biden administration has talked a big game on beefing up enforcement in market competition and it will undoubtedly bring more competition cases to court, said Bill Kovacic, a former regulator at the Federal Trade Commission.  The new leadership, however,... Read More

‘K-Shaped’ COVID-19 Recovery Deepens Economic Disparity
Opinion Polls
‘K-Shaped’ COVID-19 Recovery Deepens Economic Disparity
2021-03-16 21:41:21
by Reece Nations

While the onset of the novel coronavirus pandemic has had drastic ramifications for the United States’ economy, its toll has been unevenly harsh for the country’s poorest citizens.  Following a recession, a “K-shaped recovery” occurs when different segments of the... Read More

Biden, Harris and Others to Promote Relief Plan's Benefits
White House
Biden, Harris and Others to Promote Relief Plan's Benefits

WASHINGTON (AP) — Let the sales push begin. President Joe Biden, Vice President Kamala Harris and their spouses are opening an ambitious, cross-country tour this week to highlight the benefits of his $1.9 trillion plan to defeat the coronavirus and... Read More

Weddings, Catered Events to Resume In New York State
In The States
Weddings, Catered Events to Resume In New York State
2021-03-12 18:36:02
by TWN Staff

With COVID-19 infection rates and hospitalizations continuing their downward spiral, New York State will begin allowing weddings and catered events to take place starting March 15, subject to strict health and safety protocols. "From day one, we have said that... Read More

Child Care Relief in COVID Bill Nets Praise
Congress
Child Care Relief in COVID Bill Nets Praise
2021-03-12 14:21:28
by Sara Wilkerson

The National Association for the Education of Young Children announced its support of the passage of the American Rescue Plan, which includes $39 billion in child care relief.  The legislative relief will address the needs of parents, educators and child... Read More

Biden Aims for Quicker Shots, 'Independence From This Virus'
White House
Biden Aims for Quicker Shots, 'Independence From This Virus'

WASHINGTON (AP) — One year after the nation was brought to a near-standstill by the coronavirus, President Joe Biden pledged in his first prime-time address to make all adults eligible for vaccines by May 1 and raised the possibility of... Read More

Biden Signs $1.9 Trillion Relief Bill into Law
White House
Biden Signs $1.9 Trillion Relief Bill into Law
2021-03-11 20:05:46
by TWN Staff

WASHINGTON - President Biden on Thursday signed his $1.9 trillion coronavirus rescue package into law, marking a significant legislative accomplishment for the new president as he looks to shepherd the country through the pandemic.  Biden, who signed the bill alongside... Read More

Biden’s Speech Goals: Mourn Loss, Urge Caution, Offer Hope
White House
Biden’s Speech Goals: Mourn Loss, Urge Caution, Offer Hope

WASHINGTON (AP) — Marking a year of loss and disruption, President Joe Biden will use his first prime-time address since taking office to steer the nation toward a hungered-for sentiment — hope — in the "next phase" of the fight... Read More

From Job Cuts to Online Commerce, Virus Reshaped US Economy
Economy
From Job Cuts to Online Commerce, Virus Reshaped US Economy

WASHINGTON (AP) — At first, it was expected to be brief. At least that was the hope.  Instead, a once-in-a-century pandemic has ground on for a year, throwing millions out of work and upending wide swathes of the American economy.... Read More

House Passes $1.9 Trillion COVID Relief Package
Congress
House Passes $1.9 Trillion COVID Relief Package
2021-03-10 20:49:02
by Dan McCue

WASHINGTON - The House voted 220-211 on Wednesday to approve the Senate's revised version of President Biden's $1.9 trillion coronavirus relief package, sending the bill to the president's desk to be signed. The passage of Biden's "American Rescue Plan" is... Read More

Yellen Encourages ‘The Age of Womenomics’
Economy
Yellen Encourages ‘The Age of Womenomics’
2021-03-10 14:23:38
by Kate Michael

WASHINGTON —Treasury Secretary Janet Yellen grew up surrounded by hardships endured during the Great Depression. Her father’s medical practice was located inside the family home, so she not only heard stories from the patients but also saw firsthand the result... Read More

Biden's Big Relief Package a Bet Gov't Can Help Cure America
White House
Biden's Big Relief Package a Bet Gov't Can Help Cure America

WASHINGTON (AP) — President Joe Biden wants America to know that he's from the government and he's here to help. That sentiment became a well-worn punchline under Ronald Reagan and shaped the politics of both parties for four decades. Democrat... Read More

Child Tax Credit Expansion Sets Up Showdown With GOP
Congress
Child Tax Credit Expansion Sets Up Showdown With GOP

WASHINGTON (AP) — The massive coronavirus relief plan making its way to President Joe Biden's desk includes a plan to temporarily raise the child tax credit that could end up permanently changing the way the country deals with child poverty.... Read More

Once COVID is Slain, Sustainable Budgets Must Be Priority
Federal Budget
Once COVID is Slain, Sustainable Budgets Must Be Priority
2021-03-05 15:25:44
by TWN Staff

WASHINGTON - A Congressional Budget Office report estimating that persistent budget deficits will cause the federal debt to double in size over the next 30 years, "provides a troubling snapshot of America’s fiscal outlook, which we know will only get... Read More

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