Economy

2020-06-05 14:44:20
by Gaspard Le Dem
Dems Urge Congress To Create “Robust” Recovery Plan For Clean Energy

WASHINGTON - A group of lawmakers in the House and Senate urged congressional leaders on Wednesday to support the clean... Read More

WASHINGTON - A group of lawmakers in the House and Senate urged congressional leaders on Wednesday to support the clean energy sector in future coronavirus stimulus legislation. In a letter signed by 57 members -- all Democrats or independents --... Read More

2020-06-05 13:56:58
by Dan McCue
Unemployment Rate Falls to 13.3%, Economy Adds 2.5 Million Jobs in May

WASHINGTON - U.S. employers added 2.5 million jobs in May as businesses began to reopen following months of closures ordered... Read More

WASHINGTON - U.S. employers added 2.5 million jobs in May as businesses began to reopen following months of closures ordered at the outset of the coronavirus pandemic. The uptick in hiring dropped the unemployment rate to 13.3%, the Labor Department... Read More

2020-06-04 21:14:05
by Gaspard Le Dem
Tester, IAVA Detail Economic and Emotional Toll Coronavirus Taking On U.S. Veterans

As the U.S. struggles to fight off a lingering coronavirus pandemic, the full impact of the crisis on the lives... Read More

As the U.S. struggles to fight off a lingering coronavirus pandemic, the full impact of the crisis on the lives of Americans is just starting to come into view. But for the veteran community -- as for many other groups... Read More

2020-06-02 18:50:54
by Dan McCue
New Poll Finds More Than 1-in-3 Willing to Sue Employer Over COVID-19

WASHINGTON - A new survey has found that 36% of American workers would sue their employers if one of their... Read More

WASHINGTON - A new survey has found that 36% of American workers would sue their employers if one of their co-workers contracted COVID-19 upon their return to work, and soon after contracted it themselves. Additionally, the latest "Back-to-Normal Barometer" survey... Read More

2020-06-01 18:23:49
by Dan McCue
Restaurant Rich Charleston Offers Clues to Post-Pandemic Future of Industry

CHARLESTON, S.C. - It wasn't exactly a typical Friday night in what could arguably be described as the "foodie district"... Read More

CHARLESTON, S.C. - It wasn't exactly a typical Friday night in what could arguably be described as the "foodie district" of Charleston, South Carolina. But it was something of a barometer of how restaurants are fighting to come back from... Read More

2020-06-01 12:08:15
by Tom Ramstack
Maritime Industry Asks Congress for Bailout During Coronavirus

WASHINGTON - Representatives of the U.S. maritime industry asked Congress for an emergency bailout Friday as they described how coronavirus... Read More

WASHINGTON - Representatives of the U.S. maritime industry asked Congress for an emergency bailout Friday as they described how coronavirus is hurting ports and shippers. They are expecting their revenue to drop by as much as one-quarter below normal levels... Read More

2020-05-28 20:17:28
by Dan McCue
House Overwhelmingly Endorses Greater Flexibility for Small Business Aid Program

WASHINGTON - In an overwhelmingly bipartisan fashion, the House on Thursday passed legislation providing struggling small businesses with greater flexibility... Read More

WASHINGTON - In an overwhelmingly bipartisan fashion, the House on Thursday passed legislation providing struggling small businesses with greater flexibility in using coronavirus relief loans. The bill, which amends the Paycheck Protection Program enacted in March, passed by a vote... Read More

2020-05-28 12:49:20
by Tom Ramstack
Congress Seeks to Help Minorities Hit Hardest by Coronavirus

WASHINGTON - Medical and social welfare witnesses told a congressional committee Wednesday that ethnic minorities need an increased effort to... Read More

WASHINGTON - Medical and social welfare witnesses told a congressional committee Wednesday that ethnic minorities need an increased effort to protect them from the devastation of coronavirus. They are dying or losing their jobs in some locations at almost twice... Read More

2020-05-27 19:21:32
by Kate Michael
State of Small Business Report Outlines the Struggle for Survival and Reopening

WASHINGTON - The economy is in crisis, but not everyone is feeling it the same way. One of the hardest-hit... Read More

WASHINGTON - The economy is in crisis, but not everyone is feeling it the same way. One of the hardest-hit sectors is America’s small businesses. Over 99% of the nation’s 28.7 million firms are small and medium-sized businesses which contribute... Read More

2020-05-27 19:00:56
by Dan McCue
District of Columbia to Lift Stay-At-Home Order Friday

WASHINGTON - District of Columbia Mayor Muriel Bowser said Wednesday the city will lift its stay-at-home order on Friday and... Read More

WASHINGTON - District of Columbia Mayor Muriel Bowser said Wednesday the city will lift its stay-at-home order on Friday and begin phase one of its reopening process. The details of Bowser's announcement are available here. The mayor said though new... Read More

2020-05-26 18:12:17
by Dan McCue
New Dems, Problem Solvers Endorse Legislation to Improve Paycheck Protection Program

WASHINGTON - Both the New Democrat Coalition and the Problem Solvers Caucus endorsed legislation on Tuesday intended to make the... Read More

WASHINGTON - Both the New Democrat Coalition and the Problem Solvers Caucus endorsed legislation on Tuesday intended to make the federal government's Paycheck Protection Program work better for more businesses across the country. Since its creation in the very first... Read More

2020-05-22 20:18:28
by Dan McCue
Bipartisan, Bicameral Bill Aims to Provide Unemployed With Access to Skills Training

WASHINGTON - A bipartisan bill introduced in both the House and Senate this week would create a flexible, $4,000 skills... Read More

WASHINGTON - A bipartisan bill introduced in both the House and Senate this week would create a flexible, $4,000 skills training credit for workers who have lost their job due to the coronavirus outbreak. The Skills Renewal Act affords these... Read More

2020-05-22 19:57:18
by Dan McCue
Senate Leaves for Memorial Day Break Without Deal On New Relief Bill

WASHINGTON - The Senate has left town for its annual Memorial Day recess with no agreement in sight on a... Read More

WASHINGTON - The Senate has left town for its annual Memorial Day recess with no agreement in sight on a fourth coronavirus economic relief bill and a schedule that suggests a new stimulus won't be done until July. Last week,... Read More

2020-05-21 21:48:20
by Dan McCue
Pandemic-Related Job Losses Top 38 Million as Pace Continues to Slacken

WASHINGTON - The number of Americans applying for unemployment benefits in the nine weeks since the onset of the coronavirus... Read More

WASHINGTON - The number of Americans applying for unemployment benefits in the nine weeks since the onset of the coronavirus pandemic reached 38.6 million last week, just as states across the nation began to take decisive steps to reopen their... Read More

2020-05-20 21:19:39
by Gaspard Le Dem
Vermont Governor Proposes $400 Million Coronavirus Aid Package

Vermont’s Republican Gov. Phil Scott announced a $400 million coronavirus relief package on Wednesday that taps into some of the... Read More

Vermont’s Republican Gov. Phil Scott announced a $400 million coronavirus relief package on Wednesday that taps into some of the $1.25 billion in funding the state received through the federal Coronavirus Aid, Relief and Economic Security Act. In March, Congress... Read More

2020-05-20 17:18:38
by Dan McCue
Surging Unemployment In Travel Sector Likely to Make for Memorial Day Like No Other

WASHINGTON - Unemployment among the nation's travel sector workers has reached 51% heading into the Memorial Day weekend, as Americans... Read More

WASHINGTON - Unemployment among the nation's travel sector workers has reached 51% heading into the Memorial Day weekend, as Americans continue to refrain from resuming their normal lives in the face of the slowly easing coronavirus pandemic, according to data... Read More

2020-05-19 21:09:31
by Dan McCue
Groundbreaking Survey Series Asks, 'What Will It Take to Return to Normalcy?'

WASHINGTON - Would you be willing to take a cruise right now? How about attending a live sporting event? Or... Read More

WASHINGTON - Would you be willing to take a cruise right now? How about attending a live sporting event? Or staying in a hotel? Perhaps flying? A new survey of the travel and leisure attitudes of Americans found that more... Read More

2020-05-19 20:21:22
by Gaspard Le Dem
The Coronavirus Is Taking A Toll On The Renewable Energy Sector

The natural world has gotten a boost from the coronavirus pandemic.  With fewer cars on the roads and planes in... Read More

The natural world has gotten a boost from the coronavirus pandemic.  With fewer cars on the roads and planes in the sky, the world has benefited from clearer skies and an unprecedented decline in carbon emissions.  Daily CO2 emissions decreased... Read More

2020-05-19 20:08:44
by Dan McCue
Number of Female CEOs in the Fortune 500 Hits All-Time Record

The number of women running America's largest corporations has reached a record high with 37 of the companies on this... Read More

The number of women running America's largest corporations has reached a record high with 37 of the companies on this year's Fortune 500 being led by female CEOs, Fortune magazine announced on Monday. The Fortune 500, which ranks America's largest... Read More

2020-05-19 14:03:45
by Dan McCue
Bipartisan, Bicameral Legislation Promises New Aid to State, Local Governments

WASHINGTON - A bipartisan, bicameral effort is underway to provide hundreds of billions in funding to state and local governments... Read More

WASHINGTON - A bipartisan, bicameral effort is underway to provide hundreds of billions in funding to state and local governments reeling from the budgetary hit they've taken due to the coronavirus outbreak. The House bill introduced Monday by Reps. Josh... Read More

US Homelessness Could Increase 45% Because of Coronavirus Unemployment

LOS ANGELES — With the coronavirus-induced shock to the economy crippling businesses of all sizes and leaving millions of Americans... Read More

LOS ANGELES — With the coronavirus-induced shock to the economy crippling businesses of all sizes and leaving millions of Americans out of work, homelessness in the United States could grow as much as 45% in a year, according to a... Read More

Airlines, Government at Odds Over Passenger ‘Contact Tracing’

WASHINGTON — Two months after lawmakers lamented public health officials’ inability to contact air travelers arriving in the U.S. who... Read More

WASHINGTON — Two months after lawmakers lamented public health officials’ inability to contact air travelers arriving in the U.S. who may have been exposed to the coronavirus, the federal government and airlines are still at odds over who should take... Read More

House Vote on Aid Bill Set Despite Democrats Upset Over Omissions

WASHINGTON — House Democrats are plowing ahead with a Friday vote on a $3 trillion-plus coronavirus relief measure, arguing the... Read More

WASHINGTON — House Democrats are plowing ahead with a Friday vote on a $3 trillion-plus coronavirus relief measure, arguing the urgency to act outweighs concerns among rank-and-file lawmakers that the “bold” package described by party leaders isn’t bold enough. Several... Read More

2020-05-13 13:24:52
by Dan McCue
National League of Cities Lauds House COVID-19 Relief Bill

WASHINGTON - The National League of Cities is calling on the Senate and White House to embrace a new coronavirus... Read More

WASHINGTON - The National League of Cities is calling on the Senate and White House to embrace a new coronavirus relief bill introduced in the House on Tuesday that allocates $375 billion for the nation's smaller cities, towns, counties and... Read More

2020-05-13 13:17:12
by Gaspard Le Dem
House Lawmakers Urge Relief For Auto Industry in Next Coronavirus Bills

WASHINGTON - A bipartisan group of House lawmakers on Tuesday urged Congress to provide funding for the U.S. automobile industry... Read More

WASHINGTON - A bipartisan group of House lawmakers on Tuesday urged Congress to provide funding for the U.S. automobile industry in future coronavirus stimulus packages. “America’s motor vehicle industry must remain the heart of our nation’s manufacturing capability,” wrote the... Read More

Analysis: We Knew the Coronavirus Was Coming, Yet We Failed 5 Critical Tests

The arrival of COVID-19 has provided a nuclear-level stress test to the American health care system, and our grade isn’t... Read More

The arrival of COVID-19 has provided a nuclear-level stress test to the American health care system, and our grade isn’t pretty: at least 80,000 dead, 1.3 million infected and 30 million unemployed; nursing homes, prisons and meatpacking plants that have... Read More

An Economic Tsunami Could Thrust Half a Billion People Into Extreme Poverty

RIO DE JANEIRO — It seemed like Silvanah Lima was finally getting ahead. Born and raised in Brazil’s drought-ridden northeast,... Read More

RIO DE JANEIRO — It seemed like Silvanah Lima was finally getting ahead. Born and raised in Brazil’s drought-ridden northeast, she moved with her partner to Rio de Janeiro in 2018, in search of work. He was hired as a... Read More

Residents of Low-Wage Red States Collect Biggest Stimulus Checks

WASHINGTON — Residents of lower-income states that voted for President Donald Trump got bigger stimulus checks in general than those... Read More

WASHINGTON — Residents of lower-income states that voted for President Donald Trump got bigger stimulus checks in general than those in wealthier coastal enclaves that tend to back Democrats, according to data from the Internal Revenue Service. The demographics of... Read More

2020-05-12 19:11:48
by Dan McCue
Fauci Warns Senate Panel of "Really Serious" Consequences to Fast Reopening

WASHINGTON - Dr. Anthony Fauci, the government's top infectious disease expert, told a Senate panel on Tuesday there could be... Read More

WASHINGTON - Dr. Anthony Fauci, the government's top infectious disease expert, told a Senate panel on Tuesday there could be "really serious" consequences to states and cities across the United States reopening their economies too quickly. He told the Senate... Read More

2020-05-08 14:12:00
by Dan McCue
Rodney Davis, Fighting a Pandemic at Home and in DC

It was cold and rainy in Taylorville, Illinois as Rep. Rodney Davis answered his phone to discuss the new normal... Read More

It was cold and rainy in Taylorville, Illinois as Rep. Rodney Davis answered his phone to discuss the new normal that comes with living through a pandemic. As Davis spoke, his wife Shannon was working as a practicing nurse at... Read More

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