Economy

US Economy Shrank at 4.8% Rate Last Quarter as Virus Struck
Economy
US Economy Shrank at 4.8% Rate Last Quarter as Virus Struck

WASHINGTON (AP) — The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record. The Commerce Department... Read More

Federal Reserve Extends Lending to Smaller US Cities and Counties
Economy
Federal Reserve Extends Lending to Smaller US Cities and Counties
2020-04-28 20:22:16
by Dan McCue

WASHINGTON - The Federal Reserve is expanding the eligibility criteria for a lending program intended to support the municipal bond market to allow small U.S. cities and municipalities to access needed funds from the central bank. The loosening of lending... Read More

Blue Dogs Back Bipartisan Bill to Establish Pandemic Response Commission
Congress
Blue Dogs Back Bipartisan Bill to Establish Pandemic Response Commission
2020-04-28 12:53:53
by Dan McCue

WASHINGTON - The Blue Dog Coalition of House Democrats endorsed a bipartisan bill on Monday that would establish a commission to assess the nation's readiness to deal with future pandemics. H.R. 6429, the National Commission on COVID-19 Act, was introduced... Read More

The US Reopening Is Coming, But 'Normal' Is Still a Ways Off
Economy
The US Reopening Is Coming, But 'Normal' Is Still a Ways Off

Everyone wants to know: When, oh when, will it go back to normal? As some governors across the United States begin to ease restrictions imposed to stop the spread of the coronavirus, hopes are soaring that life as Americans knew... Read More

Small Business Loan Program Restarts, Runs Into Snags
Economy
Small Business Loan Program Restarts, Runs Into Snags

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday that they couldn't get their applications into the SBA... Read More

NewDEAL Sends Coronavirus Relief Recommendations to Congress
Congress
NewDEAL Sends Coronavirus Relief Recommendations to Congress
2020-04-28 12:13:33
by Dan McCue

WASHINGTON - NewDEAL, a network of state and local leaders, is urging Congressional leaders of both parties to consider the input of those on the front lines of dealing with the coronavirus outbreak as lawmakers return to Capitol Hill to... Read More

Grocery Stores Seeking Masks for ‘Essential’ Workers Confront Shortages, Federal Interference
Health
Grocery Stores Seeking Masks for ‘Essential’ Workers Confront Shortages, Federal Interference

The day after the Centers for Disease Control and Prevention in early April advised everyone to cover their faces in public, the co-owner of a small network of grocery stores in Wisconsin logged into Facebook and began a post: “HELP!”... Read More

The Back-to-Work Math Gets Messy for America’s Newly Unemployed
Employment
The Back-to-Work Math Gets Messy for America’s Newly Unemployed

Riley Crutchfield, a hairdresser in Macon, Ga., is nervous about going back to a job that requires her to touch people all day. In Houston, former Waffle House trainee manager Maxime Pierre has election-year politics and risk-reward tradeoffs in mind.... Read More

Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’
Federal Budget
Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’

Treasury Secretary Steven Mnuchin said that “over time” the U.S. will need to look into the sharply rising budget deficits created by the multi-trillion-dollar coronavirus support packages. Right now “we’re in a war,” Mnuchin said on “Fox News Sunday.” “We’re... Read More

Nations, US States Each Chart Their Own Path on Reopening
Economy
Nations, US States Each Chart Their Own Path on Reopening

LONDON (AP) — Nations and U.S. states have begun easing coronavirus lockdowns, each pursuing their own approach but all with a common goal: restarting their economies without triggering another surge of infections. Restrictions are being lifted piecemeal with no clear... Read More

Latest Coronavirus Bill Leaves Local Governments Hanging
Economy
Latest Coronavirus Bill Leaves Local Governments Hanging
2020-04-24 19:10:57
by Gaspard Le Dem

WASHINGTON - The House of Representatives approved a new coronavirus relief package on Thursday, replenishing funds for small business loans, hospitals, and to expand virus testing. The bill, signed by President Trump Friday afternoon, adds $310 billion to the Paycheck... Read More

Reopening the Economy vs. Keeping It Shut Longer. What’s More Costly?
Political News
Reopening the Economy vs. Keeping It Shut Longer. What’s More Costly?

WASHINGTON — When the governor of Georgia and other leaders press for ending government restrictions aimed at containing the coronavirus, they are proposing a huge gamble, not just for people in their own states but for millions of others nationwide.... Read More

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