Economy

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

Congress Passes Expanded Small-Business Loan Funding to Address Coronavirus Shutdowns
Economy
Congress Passes Expanded Small-Business Loan Funding to Address Coronavirus Shutdowns

WASHINGTON — With unemployment claims topping 26 million in the last five weeks because of the coronavirus pandemic, the House voted Thursday to approve another half-trillion dollars in federal relief to replenish a depleted small-business loan program and provide money... Read More

House Bill Aims to Make Cannabis Businesses Eligible for COVID-19 Relief
Economy
House Bill Aims to Make Cannabis Businesses Eligible for COVID-19 Relief
2020-04-24 13:16:43
by Dan McCue

WASHINGTON - A bill introduced by two Democratic congressmen Thursday would make businesses in the previously flourishing cannabis industry eligible to apply for COVID-19 relief programs run through the Small Business Administration. In the wake of the shuttering of many... Read More

Trump Organization, Written Out of US Bailout, Taps Europe Aid
Business
Trump Organization, Written Out of US Bailout, Taps Europe Aid

The Trump Organization is seeking U.K. and Irish bailout money to help cover wages for bartenders, bagpipers and other employees furloughed from its European golf properties because of the coronavirus lockdown. Overseas businesses owned by U.S. President Donald Trump can... Read More

Trump, Governor Differ Over Georgia Plan to Reopen Economy
Economy
Trump, Governor Differ Over Georgia Plan to Reopen Economy

President Donald Trump said Wednesday he “totally” disagreed with Gov. Brian Kemp’s decision to roll back coronavirus restrictions and allow shuttered businesses such as nail salons and barber shops to reopen this week. Refusing to reverse course, Kemp said he... Read More

Poll Finds Majority of Americans Want Congress to Return to Washington Immediately
Opinion Polls
Poll Finds Majority of Americans Want Congress to Return to Washington Immediately
2020-04-23 15:08:31
by Dan McCue

WASHINGTON - As the House prepares to vote on a $483 billion coronavirus aid package, a majority of Americans say they'd like Congress to return to Washington immediately to try to deal with the ongoing coronavirus outbreak, a new poll... Read More

Pandemic Continues to Stifle Economy as 4.4 Million More Seek Jobless Aid
Employment
Pandemic Continues to Stifle Economy as 4.4 Million More Seek Jobless Aid
2020-04-23 15:04:53
by Dan McCue

WASHINGTON - Just over 4.4 million more Americans filed for unemployment benefits last week as the coronavirus pandemic and efforts to tame it continue to batter the U.S. economy. The Labor Department said Thursday that 4,427,000 Americans applied for benefits... Read More

Census Bureau to Gather Data on Disruptions Caused by Coronavirus Outbreak
Census
Census Bureau to Gather Data on Disruptions Caused by Coronavirus Outbreak
2020-04-22 17:49:04
by Dan McCue

WASHINGTON - The Census Bureau is launching two new surveys to gather data on disruptions to households and small businesses due to the coronavirus outbreak. The bureau received emergency approval from the Office of Information and Regulatory Affairs on Sunday... Read More

Mayors Resist Southern Governors’ Push to Reopen Despite Coronavirus Outbreak
Economy
Mayors Resist Southern Governors’ Push to Reopen Despite Coronavirus Outbreak

As several Southern governors began to reopen their states shuttered by the coronavirus outbreak, some mayors pushed back Tuesday, saying they have yet to see the decline in COVID-19 cases needed to ease stay-at-home orders. “I am beyond disturbed,” Van... Read More

Straight From The Well
scroll top