Economy

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

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

Problem Solvers Release Reopening and 'Back to Work' Checklist
Congress
Problem Solvers Release Reopening and 'Back to Work' Checklist
2020-04-21 20:55:29
by Dan McCue

WASHINGTON - The bipartisan Problem Solvers Caucus has released a lengthy checklist it hopes will help guide the White House and congressional leaders as they continue to work toward fully reopening the U.S. economy. While the caucus, which has 25... Read More

White House, Congress Reach Bipartisan Deal on $500 Billion Virus Relief Bill
Economy
White House, Congress Reach Bipartisan Deal on $500 Billion Virus Relief Bill
2020-04-21 20:42:37
by Dan McCue

WASHINGTON - Congressional negotiators and the White House reached agreement Tuesday on a $500 billion coronavirus relief bill that includes $331 billion to replenish a small business rescue fund while also providing an additional $75 billion to hospitals. The new... Read More

Blue Dogs Call on Administration to Prioritize Community-Based Financial Institutions
Economy
Blue Dogs Call on Administration to Prioritize Community-Based Financial Institutions
2020-04-21 20:33:38
by Dan McCue

WASHINGTON - The Blue Dog Coalition urged the Trump administration Tuesday to fix problems community-based financial institutions are encountering as they try to access the Paycheck Protection Program. In a letter to Treasury Secretary Steven Mnuchin and Jovita Carranza, administrator... Read More

Oil Spirals Below Zero in ‘Devastating Day’ for Global Industry
Energy
Oil Spirals Below Zero in ‘Devastating Day’ for Global Industry

The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just... Read More

Senate Stalls On More Coronavirus Funds for Small Businesses
Economy
Senate Stalls On More Coronavirus Funds for Small Businesses

WASHINGTON — Congressional leaders and the White House remained at stalemate Monday over an emergency coronavirus package to replenish a small business assistance program that ran out of funds last week, even as critics said misuse of the popular loan... Read More

Senators Make Bipartisan Push for Local News Media Support
Economy
Senators Make Bipartisan Push for Local News Media Support
2020-04-20 19:25:12
by Dan McCue

WASHINGTON - A bipartisan quartet of Senators is urging the chamber's leadership to support aid to local newspaper, radio and television stations in the next iteration of the federal Paycheck Protection Program. In a letter sent to Senate Majority Leader... Read More

The Backlash Against the Quarantine Has Begun in Pennsylvania
State News
The Backlash Against the Quarantine Has Begun in Pennsylvania

PHILADELPHIA — Everyone wants life to get back to normal, to have their hair cut or get a sunburn at a baseball game, to go to work, and walk shoulder-to-shoulder in a park. Some people want all of that now,... Read More

Gas Selling for Under $1 Per Gallon in 13 States
In The News
Gas Selling for Under $1 Per Gallon in 13 States

Gas is selling at drastically reduced prices in the United States as people continue to quarantine themselves indoors due to coronavirus. In a whopping 13 states, gas could be found for less than $1 per gallon as of late last... Read More

Virus Payments Hit Glitches as IRS Sends Billions to Americans
Economy
Virus Payments Hit Glitches as IRS Sends Billions to Americans

WASHINGTON — Errors are turning up in the Internal Revenue Service’s $1,200 payments to households this week, with some people receiving too little, a handful getting more than expected and some seeing their payment go into an unrecognizable bank account.... Read More

Governors Will Ease Coronavirus Restrictions Under White House Plan
State News
Governors Will Ease Coronavirus Restrictions Under White House Plan

WASHINGTON — Claiming that the worst of the coronavirus outbreak has passed, President Donald Trump outlined a broad road map Thursday for each state to begin phasing out restrictions that have forced tens of millions of Americans to stay home... Read More

Trump Unveils Phased Approach to Reopening Economy
Economy
Trump Unveils Phased Approach to Reopening Economy

WASHINGTON (AP) — New White House guidelines outline a phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases. President Donald Trump unveiled his administration's plans to ease... Read More

Kilmer, Murphy Among Those Named to White House Task Force on Rebuilding American Economy
Economy
Kilmer, Murphy Among Those Named to White House Task Force on Rebuilding American Economy
2020-04-16 19:16:01
by Dan McCue

WASHINGTON - Reps Derek Kilmer, D-Wash., and Stephanie Murphy, D-Fla., are among the bipartisan group of congressional lawmakers named to a White House panel tasked with counseling the White House on when and how to get the economy moving again... Read More

Governors Brace for 'New Normal' as They Take Steps to Kick-Start Economies
State News
Governors Brace for 'New Normal' as They Take Steps to Kick-Start Economies
2020-04-16 14:54:31
by Dan McCue

WASHINGTON - Ahead of an expected White House announcement on the easing of restrictions meant to curb the spread of the COVID-19 virus, governors across the nation are preparing for a "new normal" that will be quite different from the... Read More

Trump Reelection Imperiled as Coronavirus Hits Key States
Political News
Trump Reelection Imperiled as Coronavirus Hits Key States

Some battleground states crucial to President Donald Trump’s political future are being particularly hard hit by the coronavirus crisis, a development that could decimate his central argument for reelection at a critical moment. The booming economy Trump hoped to ride... Read More

White House to Unveil Guidelines for Reopening Economy
Economy
White House to Unveil Guidelines for Reopening Economy

President Donald Trump nudged the nation’s governors on Wednesday to get ready to reopen their economies and dubiously threatened to override them should they refuse, as the country’s coronavirus death toll continued to skyrocket. Speaking from the White House Rose... Read More

Straight From The Well
scroll top