Economy

Retail Sales Plunge a Historic 8.7% After Pandemic Takes Hold
Economy
Retail Sales Plunge a Historic 8.7% After Pandemic Takes Hold
2020-04-15 14:42:12
by Dan McCue

WASHINGTON — Despite the widespread hoarding of toilet paper, hand sanitizer and other items that continue to leave many store shelves bare, U.S. retail sales plunged 8.7% in March, an unprecedented decline, the Commerce Department reported Wednesday. The deceleration of... Read More

Maryland, Virginia and DC to Work Together on Plan for Lifting Restrictions
State News
Maryland, Virginia and DC to Work Together on Plan for Lifting Restrictions

BALTIMORE — While Northeast states have announced a pact to figure out when and how to lift restrictions imposed to slow the spread of the coronavirus, Maryland continues to coordinate its response to the pandemic with its southern neighbors in... Read More

Reopening the Economy Requires Testing, and the US Still Isn’t Close
Economy
Reopening the Economy Requires Testing, and the US Still Isn’t Close

WASHINGTON — Six weeks after the president and other senior officials promised that any American would soon be able to get a test for coronavirus, testing continues to lag, prompting an escalating call from leading medical centers, lawmakers and others... Read More

IMF Says World Faces Prospect of Deep Recession In COVID-19's Wake
Economy
IMF Says World Faces Prospect of Deep Recession In COVID-19's Wake
2020-04-14 21:26:05
by Dan McCue

WASHINGTON - The global economy will likely experience the worst recession since the 1930s as governments around the world fight to end the coronavirus outbreak and restart their economies, the International Monetary Fund said Tuesday. The organization, which is headquartered... Read More

Small Farmers Worry Government Won’t Bail Them Out of Pandemic Woes
Agriculture
Small Farmers Worry Government Won’t Bail Them Out of Pandemic Woes
2020-04-14 21:07:19
by Gaspard Le Dem

When the coronavirus started shutting down livestock markets, Darvin Bentlage knew his farm would take a hit. Springtime cattle sales usually bring in about a third of his ranching income, and cattle prices were already at a low, he said. ... Read More

Western States Forge Pact to Manage Restart of Economy
State News
Western States Forge Pact to Manage Restart of Economy
2020-04-14 13:23:46
by Dan McCue

The governors of California, Oregon and Washington announced Monday that they've come to an agreement on a shared vision for reopening their economies and controlling COVID-19 in the future. In a joint statement, Govs. Gavin Newsom, Kate Brown and Jay... Read More

Northeast’s Governors Partner to Plan Reopening
Economy
Northeast’s Governors Partner to Plan Reopening

WASHINGTON — The governors of Connecticut, Delaware, New Jersey, New York, Pennsylvania and Rhode Island are forming a regional working group to determine when it will be safe to begin reopening their economies, and how they will do so, they... Read More

Hoyer Presses States to Collect Data on Racial Disparities and COVID-19
Civil Rights
Hoyer Presses States to Collect Data on Racial Disparities and COVID-19
2020-04-10 19:05:47
by Dan McCue

WASHINGTON - House Majority Leader Steny Hoyer urged the National Governors Association Friday to direct its members to collect demographic data on racial disparities and the coronavirus outbreak. Hoyer's request, directed to Govs. Larry Hogan, of Maryland, and Andrew Cuomo,... Read More

Congress Called on to Include 'Direct and Flexible Funding' to All Counties in Next Relief Bill
County News
Congress Called on to Include 'Direct and Flexible Funding' to All Counties in Next Relief Bill
2020-04-10 19:03:37
by Dan McCue

WASHINGTON - As Congress considers a fourth coronavirus relief package, it must include direct and flexible funding and resources to counties of all sizes, the National Association of Counties said this week. In a lengthy letter sent to the leaders... Read More

White House Agrees to Bipartisan Talks on Interim 'Paycheck Protection' Bill
Economy
White House Agrees to Bipartisan Talks on Interim 'Paycheck Protection' Bill
2020-04-10 18:40:40
by Dan McCue

WASHINGTON — The Trump administration agreed on Friday to pursue bipartisan talks with members of the House and Senate on an interim bill to boost funding to the federal government's $350 million "Paycheck Protection" program. Senate Minority Leader Chuck Schumer... Read More

Starting Next Week, Americans Can Give IRS Deposit Info to Get Stimulus Check Faster
Economy
Starting Next Week, Americans Can Give IRS Deposit Info to Get Stimulus Check Faster

WASHINGTON — As soon as next week, Americans will be able to provide the Internal Revenue Service with direct deposit information so they can receive their stimulus checks of up to $1,200, Treasury Secretary Steven Mnuchin told House Democrats in... Read More

Treasury Secretary Says US Economy Could Be Back in Business by May
Economy
Treasury Secretary Says US Economy Could Be Back in Business by May
2020-04-09 17:42:17
by Dan McCue

WASHINGTON - Treasury Secretary Steven Mnuchin said Thursday he believes the U.S. could reopen for business in May, following a near halt caused by the coronavirus outbreak. During an extended interview on CNBC's "Squawk on the Street" program, Mnuchin said... Read More

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