Economy

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

Trump Removes Watchdog Expected to Oversee $2 Trillion Virus Relief Fund
Political News
Trump Removes Watchdog Expected to Oversee $2 Trillion Virus Relief Fund
2020-04-07 20:48:33
by Dan McCue

WASHINGTON — President Donald Trump on Tuesday summarily removed the inspector general who was tapped to chair a special oversight board of the $2.2 trillion economic package intended to help businesses and individuals affected by the coronavirus. Glenn Fine, the... Read More

No Probe on Trump’s Early Virus Response, House Democrat Says
Congress
No Probe on Trump’s Early Virus Response, House Democrat Says

House Majority Whip Jim Clyburn said it’s unlikely a congressional panel overseeing coronavirus relief will investigate the Trump administration’s initial response to the pandemic that’s claimed thousands of American lives. “This committee will be forward-looking,” Clyburn told CNN’s Jake Tapper... Read More

Democrats Urge Mnuchin to Avoid ‘Unreasonable’ Terms on Airlines
Economy
Democrats Urge Mnuchin to Avoid ‘Unreasonable’ Terms on Airlines

WASHINGTON — House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer urged the Treasury Department to move more quickly to help airlines to save industry jobs and refrain from imposing “unreasonable conditions” that might spur some carriers to decline... Read More

‘Hardest, Saddest’ Days Ahead in COVID-19 Outbreak, Surgeon General Warns
Health
‘Hardest, Saddest’ Days Ahead in COVID-19 Outbreak, Surgeon General Warns

WASHINGTON — As the U.S. coronavirus death toll neared 10,000 on Sunday, Surgeon Gen. Jerome Adams said the coming week would be “the hardest and saddest of most Americans’ lives,” likening the projected loss of life to “our Pearl Harbor... Read More

Economy Lost 701K Jobs After Coronavirus Bite Took Hold
Employment
Economy Lost 701K Jobs After Coronavirus Bite Took Hold
2020-04-03 16:46:32
by Dan McCue

WASHINGTON - The U.S. economy lost 701,000 jobs in March as the coronavirus outbreak spread, ending more than a decade of uninterrupted employment growth, the Bureau of Labor Statistics reported Friday. The bureau's monthly employment situation report attributed the shedding... Read More

Ratings Agency Says Non-Bank Mortgage Lenders Face 'Intense' Liquidity Crunch
Economy
Ratings Agency Says Non-Bank Mortgage Lenders Face 'Intense' Liquidity Crunch
2020-04-03 16:44:54
by Dan McCue

WASHINGTON - The rating agency Moody's downgraded its outlook for non-bank mortgage lenders in the U.S. from "stable" to "negative" on Thursday, warning the industry faces "intense" liquidity problems due to the ongoing coronavirus outbreak. As previously reported in The... Read More

Boost the Schmooze? Trump Wants Tax Dining Deduction Back
Business
Boost the Schmooze? Trump Wants Tax Dining Deduction Back

WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing. Trump... Read More

Jobless Claims Reach New Record High As 6.6 Million File for Assistance
Economy
Jobless Claims Reach New Record High As 6.6 Million File for Assistance
2020-04-02 17:17:24
by Dan McCue

WASHINGTON - More than 6.6 million Americans filed new claims for unemployment benefits last week, shattering the record number for the second week in a row, the Labor Department announced Thursday. Last week, 3.3 million people filed jobless claims, meaning... Read More

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