Economy
WASHINGTON — The Biden administration’s push to tackle several crises at once has reenergized the push for green jobs or... Read More
WASHINGTON — The Biden administration’s push to tackle several crises at once has reenergized the push for green jobs or those jobs which contribute to preserving or restoring the environment, including those in traditional sectors, like manufacturing. His American Jobs... Read More
It was a scene that repeated itself at intersection after intersection in the District and surrounding communities in Virginia and... Read More
It was a scene that repeated itself at intersection after intersection in the District and surrounding communities in Virginia and Maryland this past weekend. Desperate-faced drivers, their knuckles taut against their steering wheels, slowly moving past lonely gas pumps and... Read More
WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and... Read More
WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald's, Sheetz and Chipotle are just some of the... Read More
FORT LAUDERDALE, Fla. (AP) — During the gloomiest stretches of the pandemic, Dr. Diona Krahn's veterinary clinic has been a... Read More
FORT LAUDERDALE, Fla. (AP) — During the gloomiest stretches of the pandemic, Dr. Diona Krahn's veterinary clinic has been a puppy fest, overrun with new four-legged patients. Typically, she'd get three or four new puppies a week, but between shelter... Read More
This week the Centers for Disease Control and Prevention National Center for Health Statistics released data that the U.S. birth... Read More
This week the Centers for Disease Control and Prevention National Center for Health Statistics released data that the U.S. birth rate is the lowest it’s been since 1979, and one theory on why this is happening is younger individuals who... Read More
An official from the International Monetary Fund argued this week that the Middle East and Central Asia regions should shift... Read More
An official from the International Monetary Fund argued this week that the Middle East and Central Asia regions should shift towards a new and inclusive economic model as they emerge from the pandemic, echoing IMF claims that this is the... Read More
With the US unemployment rate essentially unchanged from March to April from 6.0% to 6.1% respectively, the American state of... Read More
With the US unemployment rate essentially unchanged from March to April from 6.0% to 6.1% respectively, the American state of employment seems to continue on its positive track, according to the Bureau of Labor Statistics latest report. Employment in nonfarm... Read More
The Small Business Administration began accepting applications on Monday for the Restaurant Revitalization Fund, a program authorized in March by... Read More
The Small Business Administration began accepting applications on Monday for the Restaurant Revitalization Fund, a program authorized in March by the passage of the American Rescue Plan Act. To receive funding, businesses must submit their application to the SBA on... Read More
WASHINGTON -- The Biden administration’s pledge to up the wages and fair labor standards of low-income workers hit a roadblock... Read More
WASHINGTON -- The Biden administration’s pledge to up the wages and fair labor standards of low-income workers hit a roadblock among Republicans during a congressional hearing Monday. The intentions are good but the economics are bad, according to critics who... Read More
WASHINGTON (AP) — President Joe Biden's massive proposed spending on infrastructure, families and education will not fuel inflation because the... Read More
WASHINGTON (AP) — President Joe Biden's massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury Secretary Janet Yellen said Sunday. New economic reports have portrayed... Read More
BOSTON (AP) — The owner of seafood restaurants on Cape Cod has eliminated lunch service and delayed the opening of... Read More
BOSTON (AP) — The owner of seafood restaurants on Cape Cod has eliminated lunch service and delayed the opening of some locations because his summertime influx of foreign workers hasn't arrived yet. More than a thousand miles away, a Jamaican... Read More
WASHINGTON — As the industry continues to rally back from the lifting of pandemic travel restrictions, some passenger airline companies... Read More
WASHINGTON — As the industry continues to rally back from the lifting of pandemic travel restrictions, some passenger airline companies are still struggling to retain full-time employees. February employment figures for airlines were down nearly 1% from January, according to... Read More
WASHINGTON -- As the U.S. death toll reached 564,000 from COVID-19, the nation’s top disease experts said Thursday normal life... Read More
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
WASHINGTON (AP) — The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and... Read More
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
WASHINGTON -- The U.S. economy is continuing its recovery from the COVID-19 pandemic but not fast enough for tourism officials... Read More
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
WASHINGTON — We all remember last year’s short-term stampede for toilet paper. But while stores were able to eventually restock... Read More
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
WASHINGTON - U.S. airlines carried 61% fewer passengers in February 2021 than in February 2020, according to preliminary data from... Read More
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
Just as corporations and tax practitioners are beginning to adjust to the 2017 Tax Cuts and Jobs Act, the Biden... Read More
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
LOS ANGELES (AP) — Nathan Long and Lili Chin have struck out so far in their four-month search to find... Read More
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
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers... Read More
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
WASHINGTON — The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more... Read More
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 shaking off the economic hardships associated with the coronavirus pandemic. The trade deficit... Read More
The pandemic has caused profound and long-lasting changes to the global economy. However, the world also has a narrow window... Read More
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
ATLANTA — On Sunday, NASCAR joined the list of places using coronavirus-sniffing dogs as a tool to battle the virus's... Read More
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
NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia... Read More
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 – The City of Chicago announced a new initiative called Chicago Alfresco, which seeks to not only expand the... Read More
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
Lisa Harris has not physically seen her family since the beginning of the pandemic just to keep them safe from... Read More
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
WASHINGTON -- Congress sent clear signals this week that clean energy technology and the infrastructure to support it will provide... Read More
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
CHESTER, Pa. (AP) — President Joe Biden turned up at a minority-owned flooring business in suburban Philadelphia to highlight how... Read More
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
The Biden administration has talked a big game on beefing up enforcement in market competition and it will undoubtedly bring... Read More
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
While the onset of the novel coronavirus pandemic has had drastic ramifications for the United States’ economy, its toll has... Read More
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