Economy

PPP Bill Falls Short in Senate as Hope for COVID-19 Aid Wanes
Political News
PPP Bill Falls Short in Senate as Hope for COVID-19 Aid Wanes

WASHINGTON - Amid ongoing COVID-19 economic aid negotiations and the approaching election, the Senate shot down on Tuesday a standalone measure authorizing a second round of forgivable loans to small businesses. Republicans were unified in their attempt to push forward the bill while nearly... Read More

McConnell Warns White House Against COVID Relief Deal
Congress
McConnell Warns White House Against COVID Relief Deal

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell on Tuesday told fellow Republicans that he has warned the White House not to divide Republicans by sealing a lopsided pre-election COVID-19 relief deal with House Speaker Nancy Pelosi — even as... Read More

New Survey Predicts Dismal Outlook for Mom and Pop Shops for the Holidays
Economy
New Survey Predicts Dismal Outlook for Mom and Pop Shops for the Holidays
2020-10-20 19:38:07
by Sara Wilkerson

A new survey released from Alignable, the country’s largest online referral network for small businesses, shows 45% of consumers shifted from shopping at local businesses to purchasing goods from national, online retailers when they were most concerned about COVID. The... Read More

One More Day for Coronavirus Relief Talks, Pelosi Says
Congress
One More Day for Coronavirus Relief Talks, Pelosi Says

WASHINGTON -- Speaker Nancy Pelosi plans to decide by Tuesday evening whether a bipartisan deal on COVID-19 relief can pass before the Nov. 3 elections, her spokesman said Monday. The announcement, made in a tweet, came after a nearly hourlong phone call between the Democratic... Read More

Trump Targets Fauci Instead of COVID-19 as Cases and Deaths Rise
Political News
Trump Targets Fauci Instead of COVID-19 as Cases and Deaths Rise

WASHINGTON -- President Donald Trump reignited his feud with the nation's top infectious disease expert Monday as U.S. deaths from COVID-19 topped 220,000 and coronavirus hospitalizations rose across the country, raising fears of a deadly third wave of infections as winter approaches. In a call... Read More

In Election's Homestretch, Coronavirus Surge Underscores the Parties' Contrasts
2020 Elections
In Election's Homestretch, Coronavirus Surge Underscores the Parties' Contrasts

WASHINGTON -- In the homestretch of the presidential campaign, with the U.S. coronavirus caseload trending ominously upward, the rival campaigns of President Donald Trump and Joe Biden more than ever are providing a clash of contrasts on how to contain COVID-19 and tend to the virus-battered economy.... Read More

Fed's Bostic Cautions That US Economic Recovery is Very Uneven
Economy
Fed's Bostic Cautions That US Economic Recovery is Very Uneven

Some parts of the U.S. economy are coming back strongly while others are still struggling because of the coronavirus pandemic, said Federal Reserve Bank of Atlanta President Raphael Bostic. "In some segments the economy is recovering and rebounding in a very robust way," Bostic said... Read More

The World's Richest King, His Mysterious Fortune and the Protesters who Want Answers
Thailand
The World's Richest King, His Mysterious Fortune and the Protesters who Want Answers

SINGAPORE - The crown prince of Thailand's third marriage unraveled in lurid headlines: The princess was stripped of her titles, her parents and brothers jailed over vague corruption allegations, her uncle purged from his senior police post. Then the heir to the throne... Read More

Trump Wants Bigger Coronavirus Relief Package; GOP Support Tepid
Economy
Trump Wants Bigger Coronavirus Relief Package; GOP Support Tepid

WASHINGTON -- President Donald Trump continues to move away from his own political party on COVID-19 aid, saying Thursday that he's authorized his top negotiator to offer Democrats more than $1.8 trillion. "Absolutely I would. I would pay more," Trump said in an interview with Fox... Read More

US Jobless Claims Surge to Highest Number Since August
Employment
US Jobless Claims Surge to Highest Number Since August

Applications for U.S. state unemployment benefits unexpectedly jumped last week to the highest since August and Americans increasingly moved to longer-term jobless aid. Both are troubling signs for a labor market whose recovery from the pandemic was already slowing. Initial jobless claims... Read More

Coronavirus Relief Bill Talks Snagged Over Testing, Liability, Other Issues
Economy
Coronavirus Relief Bill Talks Snagged Over Testing, Liability, Other Issues

WASHINGTON — Treasury Secretary Steven Mnuchin expressed doubts Wednesday about a COVID-19 aid package becoming law before the Nov. 3 elections. After a morning phone call with Speaker Nancy Pelosi, Mnuchin said the myriad disputes over funding and policy questions... Read More

Another ‘Skinny’ Coronavirus Relief Bill on Tap in Senate, McConnell Says
Economy
Another ‘Skinny’ Coronavirus Relief Bill on Tap in Senate, McConnell Says

WASHINGTON — The Senate will vote next week on a roughly $500 billion COVID-19 relief package that mirrors an earlier Republican proposal, Majority Leader Mitch McConnell announced Tuesday. The decision to push another “skinny” relief bill marked a new attempt... Read More

Champion of Poor or Demagogue? Mexico’s President Remains Popular Despite Stalled Economy, Pandemic and Crime
In The News
Champion of Poor or Demagogue? Mexico’s President Remains Popular Despite Stalled Economy, Pandemic and Crime

MEXICO CITY — The Mexican economy is cratering, homicides are rising at a record rate, and the COVID-19 death toll has surged past 80,000. For any other leader, the torrent of bad news might herald a political reckoning. Not for... Read More

US Recovery Doesn’t Depend on a Stimulus Deal, Kudlow Says
Economy
US Recovery Doesn’t Depend on a Stimulus Deal, Kudlow Says

A fiscal stimulus deal isn’t essential to the U.S. recovery from the coronavirus pandemic, though the Trump administration and Congressional Democrats will keep talking, White House economic adviser Larry Kudlow said. “Well no, I don’t think it’s dead at all,”... Read More

Rural Vacation Towns Made it Through the Summer. Now What?
Rural
Rural Vacation Towns Made it Through the Summer. Now What?

DENVER — The pandemic hit Colorado’s ski towns first. As spring breakers headed to the slopes, they brought the coronavirus with them. Democratic Gov. Jared Polis shut down the state’s ski resorts in March, triggering a wave of furloughs and... Read More

No Airline Aid Bill Without Broader Coronavirus Relief Package, Pelosi Says
Congress
No Airline Aid Bill Without Broader Coronavirus Relief Package, Pelosi Says

WASHINGTON — Speaker Nancy Pelosi quashed talk of a separate bill to mitigate airline industry layoffs without also aiding other industries and households and funding for schools, nationwide COVID-19 testing and more. “There is no stand-alone bill without a bigger... Read More

Trump Halt of COVID-19 Relief Talks Draws Sharp Rebuke on Capitol Hill
Economy
Trump Halt of COVID-19 Relief Talks Draws Sharp Rebuke on Capitol Hill
2020-10-06 21:22:56
by Dan McCue

WASHINGTON — Anger on Capitol Hill boiled over Tuesday after President Donald Trump called an abrupt end to negotiations with House Democrats over additional coronavirus relief, delaying action until after the election. Trump announced he was walking away from the... Read More

State Attorneys General Try to Soften SBA Crackdown on Business Loans
State News
State Attorneys General Try to Soften SBA Crackdown on Business Loans
2020-10-06 17:39:18
by Tom Ramstack

The attorneys general from 18 states are pushing back against the Small Business Administration for what they describe as an overly zealous crackdown on fraud in the coronavirus relief loans. They are bothered by the SBA's proposed appeal process for... Read More

Poll Finds Majority of Americans Worried About Another Civil War
Opinion Polls
Poll Finds Majority of Americans Worried About Another Civil War
2020-10-02 19:22:37
by Dan McCue

Sixty-one percent of Americans are worried that the U.S. could be on the verge of another Civil War, while 52% say they've already started stockpiling food and other essential in anticipation of social unrest, according to a new national poll.... Read More

CDC Says Halloween Isn’t Cancelled – Just Modified – This Year
In The News
CDC Says Halloween Isn’t Cancelled – Just Modified – This Year
2020-10-02 14:49:31
by Sara Wilkerson

The Centers for Disease Control and Prevention has released guidelines for fall holiday celebrations. As part of the recommendations, the CDC ranked traditional celebratory activities for Halloween and other fall holidays to help Americans celebrate the autumn season safely amid... Read More

Government Small Business Loans Subjected to Widespread Fraud
Business
Government Small Business Loans Subjected to Widespread Fraud
2020-10-01 19:10:14
by Tom Ramstack

WASHINGTON -- A Small Business Administration inspector general defended his agency Thursday during questioning from members of Congress about reports of widespread fraud in government loans to employers. The loans are supposed to help small businesses stay afloat during the... Read More

Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote
Economy
Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote

WASHINGTON — Treasury Secretary Steven Mnuchin offered a $1.62 trillion COVID-19 relief proposal in talks with Speaker Nancy Pelosi on Wednesday, offering more state and local assistance than GOP negotiators have to-date in a sign of potential progress toward a... Read More

Blue Dogs Endorse Fifth Coronavirus Relief Package With Bipartisan, Bicameral Support
Congress
Blue Dogs Endorse Fifth Coronavirus Relief Package With Bipartisan, Bicameral Support
2020-09-29 20:22:37
by Reece Nations

WASHINGTON – The Democratic Blue Dog Coalition announced its support for an emergency funding bill to help municipalities withstand the lasting effects of the COVID-19 pandemic. The legislation, introduced in the House by Rep. Mikie Sherrill, D-N.J., provides $500 billion... Read More

House Democrats Unveil New Coronavirus Relief Plan
Congress
House Democrats Unveil New Coronavirus Relief Plan

WASHINGTON — House Democrats unveiled a $2.2 trillion pandemic relief package Monday night as part of a last-ditch attempt to secure new aid before the Nov. 3 elections. Even as talks resumed between Speaker Nancy Pelosi and Treasury Secretary Steven... Read More

Govs. Whitmer, Cuomo Call for Investigation of Trump’s ‘Politicization’ of Coronavirus Pandemic
Political News
Govs. Whitmer, Cuomo Call for Investigation of Trump’s ‘Politicization’ of Coronavirus Pandemic
2020-09-28 13:46:22
by Reece Nations

New York Gov. Andrew Cuomo and Michigan Gov. Gretchen Whitmer jointly released a statement urging Congress to open an oversight investigation concerning “the Trump administration’s politicization of government functions,” that undermined the nation’s pandemic response. In their statement, the governors... Read More

Pelosi Says Democrats Will Make New Aid ‘Proffer’ to Mnuchin
Congress
Pelosi Says Democrats Will Make New Aid ‘Proffer’ to Mnuchin

Speaker Nancy Pelosi said there’s a chance she and Treasury Secretary Steven Mnuchin can still reach a deal on a coronavirus stimulus package, and that Democrats will unveil a new “proffer” shortly. “I trust Secretary Mnuchin to represent something that... Read More

Threats of Arrest, Job Loss and Surveillance. China Works to Erase Its ‘Model Minority’
China
Threats of Arrest, Job Loss and Surveillance. China Works to Erase Its ‘Model Minority’

BEIJING — The herder couldn’t speak for long. His phone was being monitored, he said, as are those of many other Mongols around him. “We have no way out. There’s nothing we can do,” said Gangbater, a herder in Xilingol... Read More

US Jobless Claims Remain Elevated in Sign of Gradual Recovery
Employment
US Jobless Claims Remain Elevated in Sign of Gradual Recovery

Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts. Initial jobless claims in regular state programs increased by 4,000 to 870,000 in... Read More

House Democrats Drafting $2.4 Trillion Coronavirus Relief Bill
Congress
House Democrats Drafting $2.4 Trillion Coronavirus Relief Bill

WASHINGTON — Speaker Nancy Pelosi has directed House committee leaders to put together a more slender coronavirus relief package than the one that previously passed the chamber, in their latest offer in talks with the White House. The House could... Read More

Economists Say Pandemic Needs to End Before U.S. Economy Returns to Normal
Economy
Economists Say Pandemic Needs to End Before U.S. Economy Returns to Normal
2020-09-23 17:47:07
by Tom Ramstack

WASHINGTON -- Economists warned Congress Tuesday of long-term damage to the U.S. economy if the coronavirus pandemic is not brought under control soon. They cautioned during two separate congressional hearings that the slow improvement to the economy since the pandemic... Read More

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