Economy

Federal Workers See Risks to Them in Trump Push to Reopen US
Employment
Federal Workers See Risks to Them in Trump Push to Reopen US

As Donald Trump presses states to reopen, government workers and their unions say they’re increasingly concerned that their bosses will force them back to the office without sufficient protection. Agencies’ approaches to returning to offices have been uneven, they say.... Read More

New Dems, Problem Solvers Endorse Legislation to Improve Paycheck Protection Program
Business
New Dems, Problem Solvers Endorse Legislation to Improve Paycheck Protection Program
2020-05-26 18:12:17
by Dan McCue

WASHINGTON - Both the New Democrat Coalition and the Problem Solvers Caucus endorsed legislation on Tuesday intended to make the federal government's Paycheck Protection Program work better for more businesses across the country. Since its creation in the very first... Read More

Dr. Birx Won’t Say Whether U.S. Will Shut Down for Potential Coronavirus Second Wave
Health
Dr. Birx Won’t Say Whether U.S. Will Shut Down for Potential Coronavirus Second Wave

Dr. Deborah Birx says it’s too early to tell whether we’ll have a second coronavirus shutdown. The White House coronavirus task force expert said Sunday that the nation will have to wait and see what the conditions are like when... Read More

Pulling Dollar Bills Off the Wall to Keep Going in Rural California
Economy
Pulling Dollar Bills Off the Wall to Keep Going in Rural California

BISHOP, Calif. — This is a time of year that many rural towns in the Owens Valley usually celebrate — rodeo and fishing season. Normally, tourists from Southern California would be swarming into the eastern Sierra Nevada range, streaming into... Read More

Bipartisan, Bicameral Bill Aims to Provide Unemployed With Access to Skills Training
Employment
Bipartisan, Bicameral Bill Aims to Provide Unemployed With Access to Skills Training
2020-05-22 20:18:28
by Dan McCue

WASHINGTON - A bipartisan bill introduced in both the House and Senate this week would create a flexible, $4,000 skills training credit for workers who have lost their job due to the coronavirus outbreak. The Skills Renewal Act affords these... Read More

Senate Leaves for Memorial Day Break Without Deal On New Relief Bill
Congress
Senate Leaves for Memorial Day Break Without Deal On New Relief Bill
2020-05-22 19:57:18
by Dan McCue

WASHINGTON - The Senate has left town for its annual Memorial Day recess with no agreement in sight on a fourth coronavirus economic relief bill and a schedule that suggests a new stimulus won't be done until July. Last week,... Read More

Mnuchin Says ‘Strong Likelihood’ US Will Need More Stimulus
Economy
Mnuchin Says ‘Strong Likelihood’ US Will Need More Stimulus

WASHINGTON — Treasury Secretary Steven Mnuchin said Congress will very likely need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak. “I think there is a strong likelihood we will... Read More

Pandemic-Related Job Losses Top 38 Million as Pace Continues to Slacken
Economy
Pandemic-Related Job Losses Top 38 Million as Pace Continues to Slacken
2020-05-21 21:48:20
by Dan McCue

WASHINGTON - The number of Americans applying for unemployment benefits in the nine weeks since the onset of the coronavirus pandemic reached 38.6 million last week, just as states across the nation began to take decisive steps to reopen their... Read More

As All 50 States Start Reopening, Questions on Virus Tracking Data Fuel Concerns
State News
As All 50 States Start Reopening, Questions on Virus Tracking Data Fuel Concerns

Florida Gov. Ron DeSantis is defending his administration’s reporting of coronavirus data, after a state Department of Health manager said she was fired for refusing to manipulate COVID-19 tracking data as officials moved to reopen the state. Rebekah Jones, who... Read More

House to Vote on Stand-Alone Small-Business Loan Program Fixes
Congress
House to Vote on Stand-Alone Small-Business Loan Program Fixes

WASHINGTON — The House will vote next week on legislation changing terms of the Paycheck Protection Program that have served as obstacles to some small businesses seeking relief under the forgivable loan program. “We saw a quick fix on how... Read More

Vermont Governor Proposes $400 Million Coronavirus Aid Package
State News
Vermont Governor Proposes $400 Million Coronavirus Aid Package
2020-05-20 21:19:39
by Gaspard Le Dem

Vermont’s Republican Gov. Phil Scott announced a $400 million coronavirus relief package on Wednesday that taps into some of the $1.25 billion in funding the state received through the federal Coronavirus Aid, Relief and Economic Security Act. In March, Congress... Read More

Surging Unemployment In Travel Sector Likely to Make for Memorial Day Like No Other
Economy
Surging Unemployment In Travel Sector Likely to Make for Memorial Day Like No Other
2020-05-20 17:18:38
by Dan McCue

WASHINGTON - Unemployment among the nation's travel sector workers has reached 51% heading into the Memorial Day weekend, as Americans continue to refrain from resuming their normal lives in the face of the slowly easing coronavirus pandemic, according to data... Read More

How Trump’s Tax Cuts and Tariffs Will Make Coronavirus Recession Worse
In The News
How Trump’s Tax Cuts and Tariffs Will Make Coronavirus Recession Worse

WASHINGTON — President Donald Trump’s pre-pandemic economic blueprint of massive tax cuts and global trade wars not only failed to deliver the promised spike in growth and domestic investment, it also now appears to have left the U.S. more vulnerable... Read More

Groundbreaking Survey Series Asks, 'What Will It Take to Return to Normalcy?'
In The News
Groundbreaking Survey Series Asks, 'What Will It Take to Return to Normalcy?'
2020-05-19 21:09:31
by Dan McCue

WASHINGTON - Would you be willing to take a cruise right now? How about attending a live sporting event? Or staying in a hotel? Perhaps flying? A new survey of the travel and leisure attitudes of Americans found that more... Read More

The Coronavirus Is Taking A Toll On The Renewable Energy Sector
Energy
The Coronavirus Is Taking A Toll On The Renewable Energy Sector
2020-05-19 20:21:22
by Gaspard Le Dem

The natural world has gotten a boost from the coronavirus pandemic.  With fewer cars on the roads and planes in the sky, the world has benefited from clearer skies and an unprecedented decline in carbon emissions.  Daily CO2 emissions decreased... Read More

Number of Female CEOs in the Fortune 500 Hits All-Time Record
Business
Number of Female CEOs in the Fortune 500 Hits All-Time Record
2020-05-19 20:08:44
by Dan McCue

The number of women running America's largest corporations has reached a record high with 37 of the companies on this year's Fortune 500 being led by female CEOs, Fortune magazine announced on Monday. The Fortune 500, which ranks America's largest... Read More

Little of the $500 Billion in Relief Fund for Businesses Has Been Spent
Economy
Little of the $500 Billion in Relief Fund for Businesses Has Been Spent

WASHINGTON — The Treasury Department has disbursed less than 8% — just $37.5 billion of $500 billion — of the emergency funds that Congress approved two months ago for loans and loan guarantees to help stabilize the economy, according to... Read More

Bipartisan, Bicameral Legislation Promises New Aid to State, Local Governments
Congress
Bipartisan, Bicameral Legislation Promises New Aid to State, Local Governments
2020-05-19 14:03:45
by Dan McCue

WASHINGTON - A bipartisan, bicameral effort is underway to provide hundreds of billions in funding to state and local governments reeling from the budgetary hit they've taken due to the coronavirus outbreak. The House bill introduced Monday by Reps. Josh... Read More

Powell Warns US Recovery Could Stretch Through End of 2021
Economy
Powell Warns US Recovery Could Stretch Through End of 2021

The U.S. economy will recover from the coronavirus pandemic, but the process could stretch through until the end of next year and depend on the delivery of a vaccine, said Federal Reserve Chairman Jerome Powell. “Assuming there’s not a second... Read More

CDC Posts Advice on Reopening After Earlier Version Was Held Back
Economy
CDC Posts Advice on Reopening After Earlier Version Was Held Back

WASHINGTON — New guidance from the U.S. Centers for Disease Control and Prevention advising states on how to reopen bars, restaurants and workplaces was posted by the agency on Thursday. The guidance outlines a series of steps that should be... Read More

US Homelessness Could Increase 45% Because of Coronavirus Unemployment
In The News
US Homelessness Could Increase 45% Because of Coronavirus Unemployment

LOS ANGELES — With the coronavirus-induced shock to the economy crippling businesses of all sizes and leaving millions of Americans out of work, homelessness in the United States could grow as much as 45% in a year, according to a... Read More

Airlines, Government at Odds Over Passenger ‘Contact Tracing’
Health
Airlines, Government at Odds Over Passenger ‘Contact Tracing’

WASHINGTON — Two months after lawmakers lamented public health officials’ inability to contact air travelers arriving in the U.S. who may have been exposed to the coronavirus, the federal government and airlines are still at odds over who should take... Read More

House Vote on Aid Bill Set Despite Democrats Upset Over Omissions
Congress
House Vote on Aid Bill Set Despite Democrats Upset Over Omissions

WASHINGTON — House Democrats are plowing ahead with a Friday vote on a $3 trillion-plus coronavirus relief measure, arguing the urgency to act outweighs concerns among rank-and-file lawmakers that the “bold” package described by party leaders isn’t bold enough. Several... Read More

Fed’s Powell to Congress: Economy Needs More Fiscal Relief
Economy
Fed’s Powell to Congress: Economy Needs More Fiscal Relief

WASHINGTON — Federal Reserve Chairman Jerome Powell has a clear message for Congress: Spend more money, right now. In an interview Wednesday with the Peterson Institute for International Economics, Powell called the COVID-19 pandemic an unprecedented economic challenge that needs... Read More

National League of Cities Lauds House COVID-19 Relief Bill
Economy
National League of Cities Lauds House COVID-19 Relief Bill
2020-05-13 13:24:52
by Dan McCue

WASHINGTON - The National League of Cities is calling on the Senate and White House to embrace a new coronavirus relief bill introduced in the House on Tuesday that allocates $375 billion for the nation's smaller cities, towns, counties and... Read More

House Lawmakers Urge Relief For Auto Industry in Next Coronavirus Bills
Congress
House Lawmakers Urge Relief For Auto Industry in Next Coronavirus Bills
2020-05-13 13:17:12
by Gaspard Le Dem

WASHINGTON - A bipartisan group of House lawmakers on Tuesday urged Congress to provide funding for the U.S. automobile industry in future coronavirus stimulus packages. “America’s motor vehicle industry must remain the heart of our nation’s manufacturing capability,” wrote the... Read More

House Spending Bill Would Boost Transit, Amtrak, Highways
Congress
House Spending Bill Would Boost Transit, Amtrak, Highways

WASHINGTON — House Democrats’ newest proposal for coronavirus recovery spending would use federal law to compel passengers and workers on Amtrak, transit and airplanes to wear face masks, and would give an additional $15.75 billion to transit, allocate $15 billion... Read More

Analysis: We Knew the Coronavirus Was Coming, Yet We Failed 5 Critical Tests
Health
Analysis: We Knew the Coronavirus Was Coming, Yet We Failed 5 Critical Tests

The arrival of COVID-19 has provided a nuclear-level stress test to the American health care system, and our grade isn’t pretty: at least 80,000 dead, 1.3 million infected and 30 million unemployed; nursing homes, prisons and meatpacking plants that have... Read More

An Economic Tsunami Could Thrust Half a Billion People Into Extreme Poverty
Economy
An Economic Tsunami Could Thrust Half a Billion People Into Extreme Poverty

RIO DE JANEIRO — It seemed like Silvanah Lima was finally getting ahead. Born and raised in Brazil’s drought-ridden northeast, she moved with her partner to Rio de Janeiro in 2018, in search of work. He was hired as a... Read More

Residents of Low-Wage Red States Collect Biggest Stimulus Checks
In The News
Residents of Low-Wage Red States Collect Biggest Stimulus Checks

WASHINGTON — Residents of lower-income states that voted for President Donald Trump got bigger stimulus checks in general than those in wealthier coastal enclaves that tend to back Democrats, according to data from the Internal Revenue Service. The demographics of... Read More

Straight From The Well
scroll top