Economy

White House Rejects CDC Reopening Guidance as Too Prescriptive

WASHINGTON — The White House blocked the Centers for Disease Control and Prevention from issuing specific guidance for U.S. day... Read More

WASHINGTON — The White House blocked the Centers for Disease Control and Prevention from issuing specific guidance for U.S. day cares, restaurants, churches, theaters and other businesses to reopen from the coronavirus outbreak out of concern the recommendations were too... Read More

Jobless Rate Spikes to 14.7%, Highest Since Great Depression

WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5... Read More

WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus... Read More

Governors Disregarding White House Guidelines on Reopening

Many governors across the U.S. are disregarding or creatively interpreting White House guidelines for safely easing restrictions and letting businesses... Read More

Many governors across the U.S. are disregarding or creatively interpreting White House guidelines for safely easing restrictions and letting businesses reopen amid the coronavirus pandemic, an Associated Press analysis found. The AP determined that 17 states did not meet a... Read More

2020-05-06 20:35:01
by Dan McCue
Employers Eliminated More Than 20 Million Jobs in April, Report Says

WASHINGTON - U.S. private sector employers cut 20.2 million jobs from their payrolls in April, a stunning sign of just... Read More

WASHINGTON - U.S. private sector employers cut 20.2 million jobs from their payrolls in April, a stunning sign of just what the coronavirus outbreak has done to the economy in a relatively short time. In a report released Wednesday, ADP,... Read More

Trump Officials Ignored Coronavirus Warnings, Ousted Scientist Says in Complaint

WASHINGTON — Top Trump administration health officials repeatedly ignored warnings in January and February about the need for masks and... Read More

WASHINGTON — Top Trump administration health officials repeatedly ignored warnings in January and February about the need for masks and other protective equipment to prepare for a coronavirus outbreak, according to a detailed whistleblower complaint from a senior scientist ousted... Read More

2020-05-06 12:47:10
by Gaspard Le Dem
Researchers Claim Reduced Traffic Caused by Pandemic Could Become Permanent

WASHINGTON - The coronavirus pandemic has made life harder for Americans, but one of the few upsides of the crisis... Read More

WASHINGTON - The coronavirus pandemic has made life harder for Americans, but one of the few upsides of the crisis has been a massive reduction of traffic across the country. With fewer cars on the roads, Americans have enjoyed cleaner... Read More

2020-05-05 21:34:44
by Dan McCue
Virginia Could Begin Long Walk Down Road to Post-Pandemic Normalcy in Mid-May

Virginia Gov. Ralph Northam said Monday that while the coronavirus remains a serious problem, enough appears to be going right... Read More

Virginia Gov. Ralph Northam said Monday that while the coronavirus remains a serious problem, enough appears to be going right that the time has come to consider reopening the state's economy. During a briefing with reporters, Northam said the number... Read More

2020-05-05 14:56:41
by Tom Ramstack
Restaurants Sue Insurance Companies for Business Losses from Pandemic

WASHINGTON - Restaurants are filing a surge of lawsuits against insurance companies as they seek coverage for business interruptions during... Read More

WASHINGTON - Restaurants are filing a surge of lawsuits against insurance companies as they seek coverage for business interruptions during the coronavirus shutdown. The insurance companies say their business interruption policies grant them exemptions for viruses that cause no physical... Read More

2020-05-04 19:28:53
by Kate Michael
Former ’Ebola Czar’ Discusses Administration’s COVID-19 Response

WASHINGTON‌ ‌–‌ ‌Ron‌ ‌Klain,‌ ‌U.S.‌ ‌Ebola‌ ‌response‌ ‌coordinator‌ ‌from‌ ‌2014‌ ‌to‌ ‌2015,‌ ‌recently spoke‌ ‌to‌ ‌diplomats‌ ‌convened‌ ‌virtually‌ ‌by‌ ‌the‌... Read More

WASHINGTON‌ ‌–‌ ‌Ron‌ ‌Klain,‌ ‌U.S.‌ ‌Ebola‌ ‌response‌ ‌coordinator‌ ‌from‌ ‌2014‌ ‌to‌ ‌2015,‌ ‌recently spoke‌ ‌to‌ ‌diplomats‌ ‌convened‌ ‌virtually‌ ‌by‌ ‌the‌ ‌Meridian‌ ‌International‌ ‌Center‌ ‌to‌ ‌share‌ ‌his‌ ‌lessons learned‌ ‌about‌ ‌pandemic‌ ‌management‌ ‌from‌ ‌the‌ ‌ongoing‌ ‌Ebola‌ ‌crisis.‌ ‌ Klain,‌ ‌informally‌ ‌dubbed‌... Read More

2020-05-04 13:00:58
by Gaspard Le Dem
House‌ ‌Democrats‌ ‌Say‌ ‌Freezing‌ ‌WHO‌ ‌Funding‌ ‌Could‌ ‌Harm‌ ‌Venezuelans‌

WASHINGTON‌ ‌-‌ ‌House‌ ‌Democrats‌ ‌urged‌ ‌the‌ ‌Trump‌ ‌administration‌ ‌on‌ ‌Friday‌ ‌to‌ ‌resume‌ ‌funding‌ ‌to‌ ‌the‌ ‌Pan‌ ‌American‌ ‌Health‌ ‌Organization,‌ ‌a‌... Read More

WASHINGTON‌ ‌-‌ ‌House‌ ‌Democrats‌ ‌urged‌ ‌the‌ ‌Trump‌ ‌administration‌ ‌on‌ ‌Friday‌ ‌to‌ ‌resume‌ ‌funding‌ ‌to‌ ‌the‌ ‌Pan‌ ‌American‌ ‌Health‌ ‌Organization,‌ ‌a‌ ‌regional‌ ‌branch‌ ‌of‌ ‌the‌ ‌World‌ ‌Health Organization‌ ‌that‌ ‌operates‌ ‌in‌ ‌Latin‌ ‌America.‌ ‌ In‌ ‌a‌ ‌letter‌ ‌to‌ ‌Secretary‌ ‌of‌ ‌State‌... Read More

2020-05-01 15:32:39
by Dan McCue
Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan... Read More

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan intended to help small businesses and nonprofits after being taken to task by Rep. Joe Cunningham, D-S.C. Cunningham, who is... Read More

2020-05-01 14:27:34
by Dan McCue
Federal Reserve Expands Paycheck Protection Program to Add More Lenders

WASHINGTON - The Federal Reserve said Thursday it is expanding a program that helps the government provide stimulus loans to... Read More

WASHINGTON - The Federal Reserve said Thursday it is expanding a program that helps the government provide stimulus loans to small businesses and is designed to keep workers on payrolls during the coronavirus pandemic. In a brief statement on its... Read More

2020-05-01 14:24:57
by Dan McCue
Federal Reserve Expands Scope of Main Street Lending Program

WASHINGTON - The Federal Reserve said Thursday it is expanding the scope and eligibility for the Main Street Lending Program,... Read More

WASHINGTON - The Federal Reserve said Thursday it is expanding the scope and eligibility for the Main Street Lending Program, a vehicle created to help credit flow to small and medium-sized businesses that were in sound financial shape before the... Read More

2020-04-30 15:41:04
by Gaspard Le Dem
Trump Orders Meat Plants To Stay Open Amid Concerns For Worker Safety

WASHINGTON - Amid growing concerns that the coronavirus crisis could disrupt America’s food chain, President Donald Trump signed an executive... Read More

WASHINGTON - Amid growing concerns that the coronavirus crisis could disrupt America’s food chain, President Donald Trump signed an executive order on Tuesday to keep meat and poultry processing plants open during the pandemic. Citing the Defense Production Act, which... Read More

AP-NORC Poll: Seeking Virus Data, People Struggle With Trust

WASHINGTON (AP) — When John Manley tested positive for COVID-19, his sister urged him to get on the malaria drug that she'd... Read More

WASHINGTON (AP) — When John Manley tested positive for COVID-19, his sister urged him to get on the malaria drug that she'd heard Fox News hosts plugging and that President Donald Trump was heralding as a potential “game changer” for fighting the coronavirus.... Read More

Drug Proves Effective Against Virus as Economic Damage Rises

Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery... Read More

Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that came as the economic gloom caused by the scourge deepened... Read More

30 Million Have Sought US Jobless Aid Since Virus Hit

WASHINGTON (AP) — More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid... Read More

WASHINGTON (AP) — More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. Roughly 30.3 million people have now filed... Read More

Trump Halted Travel From Europe for 30 Days. Officials Now Say It Could Be Months

WASHINGTON — Restrictions on travel from Europe to the United States introduced in March by President Donald Trump could last... Read More

WASHINGTON — Restrictions on travel from Europe to the United States introduced in March by President Donald Trump could last for months, despite his initial statement they would remain in place for 30 days, three senior administration officials told McClatchy.... Read More

US Economy Shrank at 4.8% Rate Last Quarter as Virus Struck

WASHINGTON (AP) — The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down... Read More

WASHINGTON (AP) — The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record. The Commerce Department... Read More

2020-04-28 20:22:16
by Dan McCue
Federal Reserve Extends Lending to Smaller US Cities and Counties

WASHINGTON - The Federal Reserve is expanding the eligibility criteria for a lending program intended to support the municipal bond... Read More

WASHINGTON - The Federal Reserve is expanding the eligibility criteria for a lending program intended to support the municipal bond market to allow small U.S. cities and municipalities to access needed funds from the central bank. The loosening of lending... Read More

2020-04-28 12:53:53
by Dan McCue
Blue Dogs Back Bipartisan Bill to Establish Pandemic Response Commission

WASHINGTON - The Blue Dog Coalition of House Democrats endorsed a bipartisan bill on Monday that would establish a commission... Read More

WASHINGTON - The Blue Dog Coalition of House Democrats endorsed a bipartisan bill on Monday that would establish a commission to assess the nation's readiness to deal with future pandemics. H.R. 6429, the National Commission on COVID-19 Act, was introduced... Read More

The US Reopening Is Coming, But 'Normal' Is Still a Ways Off

Everyone wants to know: When, oh when, will it go back to normal? As some governors across the United States... Read More

Everyone wants to know: When, oh when, will it go back to normal? As some governors across the United States begin to ease restrictions imposed to stop the spread of the coronavirus, hopes are soaring that life as Americans knew... Read More

Small Business Loan Program Restarts, Runs Into Snags

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed... Read More

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday that they couldn't get their applications into the SBA... Read More

2020-04-28 12:13:33
by Dan McCue
NewDEAL Sends Coronavirus Relief Recommendations to Congress

WASHINGTON - NewDEAL, a network of state and local leaders, is urging Congressional leaders of both parties to consider the... Read More

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

The day after the Centers for Disease Control and Prevention in early April advised everyone to cover their faces in... Read More

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

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... Read More

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

2020-04-24 19:10:57
by Gaspard Le Dem
Latest Coronavirus Bill Leaves Local Governments Hanging

WASHINGTON - The House of Representatives approved a new coronavirus relief package on Thursday, replenishing funds for small business loans,... Read More

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?

WASHINGTON — When the governor of Georgia and other leaders press for ending government restrictions aimed at containing the coronavirus,... Read More

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

WASHINGTON — With unemployment claims topping 26 million in the last five weeks because of the coronavirus pandemic, the House... Read More

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

2020-04-24 13:16:43
by Dan McCue
House Bill Aims to Make Cannabis Businesses Eligible for COVID-19 Relief

WASHINGTON - A bill introduced by two Democratic congressmen Thursday would make businesses in the previously flourishing cannabis industry eligible... Read More

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

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