Economy

ALBANY, N.Y. – The city of Albany has initiated a traveling street fair for residents to socialize at a distance and to learn about local resources. The street fair, called Playstreets, was started last month and its next fair will... Read More

WASHINGTON - As if a global health crisis wasn't enough to have on their plate, wine sellers are bracing for the imposition of another round of tariffs that could raise the price of imported European wines and other products by... Read More

WASHINGTON — Three months ago, the Committee on House Administration’s ranking member, Rodney Davis, led the GOP opposition to Democrats’ proxy voting rule that allows members to cast votes from their districts during the pandemic. Now the Illinois Republican, stuck... Read More

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired. The Labor Department’s report... Read More

WASHINGTON — Senate Majority Leader Mitch McConnell said Tuesday he’d support whatever agreement the Trump administration and congressional Democrats reach on a coronavirus relief package, even if he has “some problems with certain parts of it.” The Kentucky Republican, who... Read More

WASHINGTON (AP) — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in the talks. Multiple... Read More

WASHINGTON (AP) — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in the talks. Multiple... Read More

WASHINGTON - As Congress and the White House continue to negotiate another package of coronavirus relief, the Independent Restaurant Coalition is stepping up its effort to make sure they are included in the emergency funding this time around.  This week,... Read More

The surging U.S. savings rate means the country can afford to support Americans laid off due to the coronavirus pandemic, while a “hard” lockdown could deliver a faster economic recovery, a senior Federal Reserve official said on Sunday. Federal Reserve... Read More

WASHINGTON — As millions of Americans drifted toward financial crisis, the two parties remained deadlocked after weekend talks on another round of economic relief intended to ease the burden of job losses from the worsening coronavirus outbreak. Administration officials and... Read More

WASHINGTON - House Majority Leader Steny Hoyer, D-Md., vowed Friday that members will not leave the nation's capital until there's a deal on a new coronavirus relief package. Speaking on the House floor, Hoyer said, "We will not start the... Read More

WASHINGTON (AP) — A deadlocked Senate on Thursday exited Washington for the weekend without acting to extend a $600 per-week expanded jobless benefit that has helped keep both families and the economy afloat as the COVID-19 pandemic continues to wreak... Read More

WASHINGTON - The U.S. economy shrank at an annual rate of 32.9% in the second quarter -- the worst quarterly decline ever -- amid a coronavirus pandemic that shuttered businesses and threw millions out of work. The Commerce Department's estimate... Read More

WASHINGTON - Nearly four months after Congress approved a $10 billion loan for the struggling U.S. Postal Service as part of the CARES Act, the service and the Treasury Department have struck a deal on the terms of the loan.... Read More

WASHINGTON — Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans, and shield businesses, schools and other organizations from... Read More

WASHINGTON - Americans left jobless due to the COVID-19 pandemic could soon gain greater economic peace of mind thanks to a bill introduced Monday by Reps. Don Beyer, D-Va., and Derek Kilmer, D-Wash. The Worker Relief and Security Act ties... Read More

WASHINGTON - While many businesses across the country have shuttered doors and furloughed employees, some essential businesses, like those that provide health care, food, utilities, and other critical services, have continued to operate throughout the pandemic. They are now joined... Read More

WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is taking on new urgency during the coronavirus pandemic. Republican and Democratic senators identified Chinese computer hackers and patent thieves as... Read More

WASHINGTON - Reps. Brad Schneider, D-Ill., and John Katko, R-N.Y., introduced bipartisan legislation to require federal executive branch agencies to report to Congress on their planning to address a potential resurgence of the coronavirus outbreak. Under the provisions of the... Read More

WASHINGTON -- Nurses from National Nurses United gathered at the U.S. Capitol on Tuesday morning to honor the lives of fellow health care workers who have died from the coronavirus, and to urge Congress to pass legislation to protect them... Read More

WASHINGTON - Reps. Darin LaHood, R-Ill., and Jimmy Panetta, D-Calif., introduced a bill Tuesday providing a tax credit to food and beverage distributors to cover debt incurred for products shipped, but not yet paid for, due the coronavirus outbreak. The... Read More

WASHINGTON - Senate Majority Leader Mitch McConnell, R-Ky., on Tuesday provided the most detailed description yet of what's going to be in the Republican-controlled Senate's next coronavirus relief proposal. Speaking on the floor of the Senate, McConnell said the GOP... Read More

WASHINGTON - Rep. Gilbert Cisneros, Jr., D-Calif., is the co-sponsor of a bipartisan bill aimed at providing financial relief for independent, non-chain restaurants within the restaurant industry. The Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive Act... Read More

WASHINGTON (AP) — President Donald Trump acknowledged a “big flareup” of COVID-19 cases, but divisions between the White House and Senate Republicans and differences with Democrats posed fresh challenges for a new federal aid package with the U.S. crisis worsening and emergency... Read More

BURTON, Mich. (AP) — Crystal and Chris Martin put off some payments on their home in this blue-collar town near Flint and are pinching pennies to make ends meet until they return to work. In Windsor, Connecticut, Anne Druce's family... Read More

BRUSSELS (AP) — Weary but relieved, European Union leaders finally clinched an unprecedented 1.82 trillion euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, somehow finding unity after four days and as many nights of fighting and wrangling over... Read More

N.Y. Gov. Andrew Cuomo and members of the state's COVID-19 task force traveled to Savannah, Ga., Monday to help officials there cope with a surge in coronavirus cases. While in Savannah, Cuomo will host a roundtable meeting with the New... Read More

WASHINGTON - Members of the largest ideological caucus in the House threw down the gauntlet on a new coronavirus relief package Monday, calling on their colleagues on Capitol Hill to strike a deal extending existing benefits now while ensuring continued... Read More

WASHINGTON – Members of the Blue Dog Coalition issued a letter urging congressional leaders to include measures to further protect taxpayer dollars in the next round of pandemic response funding.  The coalition, founded on fiscal responsibility and centrist-ideals, highlighted the... Read More

WASHINGTON - Small business representatives made a plea to Congress Thursday for assistance in getting Americans back to work after millions of workers lost their jobs during the COVID-19 pandemic. They said that without financial assistance and retraining of the... Read More