Economy

WASHINGTON - A week before Congress turns its attention to the next coronavirus relief bill, advocates for the nation's restaurants are urging lawmakers to include a number of provisions to specifically bolster the struggling industry. “In just the past two... Read More

Angie Benson, a freelance theatrical musician based in northern Virginia, minced no words about her beliefs during a recent conversation with The Well News. Despite the coronavirus pandemic, “the arts are essential,” she said.  “Now more than ever,” she added.... Read More

As governments and businesses across the U.S. continue to struggle with the question of when and how to resume outdoor sports and entertainment events, the United Kingdom is moving ahead with plans to restart this segment of its economy. If... Read More

DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises.... Read More

WASHINGTON - Business leaders, during a congressional hearing Thursday, advocated for greater access to financial services for minority and women-owned businesses. They said government bailout money and low-interest loans for businesses during the COVID-19 pandemic are going first to established... Read More

WASHINGTON - More than 1.3 million Americans applied for unemployment benefits last week, a pace that suggests employers continue to lay people off in the face of a resurgent coronavirus. The Labor Department said Thursday that the number of jobless... Read More

The United States has reached another grim milestone in the coronavirus pandemic, with the number of confirmed infections surging past 3 million on Wednesday. The official tally, compiled by Johns Hopkins University, is almost twice as high as the second... Read More

For the musician Nick Parker, a dream 17 years in the making was just coming to fruition when the coronavirus outbreak suddenly brought the world's arts and entertainment industries to a screeching halt. The son of the acclaimed artist Robert... Read More

WASHINGTON - Voters have grown more pessimistic about a quick "v-shaped" economic recovery in the wake of the coronavirus outbreak, especially in the south and west where the number of new cases have spiked recently, a new poll has found.... Read More

WASHINGTON – The NewDEAL Forum has established a task force comprised of state and local officials to devise recommendations on a sustainable recovery from the coronavirus outbreak. The Renewing America Task Force will be led by five Democratic co-chairs including... Read More

Rep. Chrissy Houlahan, D-Pa., has been recognized for her support of small business, by the U.S. Chamber of Commerce. Houlahan, who has represented Pennsylvania’s 6th Congressional District since 2018, is not only an Air Force veteran, engineer and educator, she’s... Read More

WASHINGTON (AP) — The Spanish-language ads for Joe Biden used the same slogan to contrast him with President Donald Trump — “los cuentos no pagan las cuentas,” a play on words that roughly means “telling stories won't pay the bills.”... Read More

NEW YORK (AP) — The idea sounds almost un-American. The Fourth of July was always a time for communities to come together, daylong celebrations with patriotic parades in the morning and fireworks finales to cap it off. This year, people... Read More

WASHINGTON - Confronted with an extraordinary public health crisis, the federal government moved with uncommon agility to bolster the economy and quickly establish services for those infected with the virus, the nonpartisan Government Accountability Office said Thursday. But in doing... Read More

WASHINGTON — A bipartisan effort to expand the employee retention tax credit has gained a significant endorsement from a coalition representing 130 small businesses and key industry organizations.  The bill, entitled the “Jumpstarting Our 5 Businesses’ Success Credit Act”, or... Read More

WASHINGTON - Economists and educators asked a congressional committee Monday for a federal bailout to help ethnic minorities who they say are hit unequally hard by the COVID-19 pandemic. They agreed widely that African Americans and Latinos are losing their... Read More

MYRTLE BEACH, S.C. (AP) — The elevator doors opened and inside were 10 people crammed into a space no bigger than a closet, none of them wearing a mask. In bathing suits, they walked out of the hotel, across the... Read More

As nationwide coronavirus deaths continue to trend downward, a surge of new cases across a multitude of states is complicating plans to lift stay-at-home orders and reopen economies.  Updated data from the Johns Hopkins University tracker indicates 10 states are... Read More

WASHINGTON - Retail sales rebounded across the country in May as a growing number of states allowed stores and restaurants to reopen and consumers were finally allowed to venture out and spend federal stimulus checks and tax refunds. According to... Read More

Since the onset of the coronavirus pandemic in February, Americans have struggled to find information they believe they can trust on the rate of infection, the death rate and what they should be doing to protect themselves, a new Gallup/Knight... Read More

WASHINGTON – As state governors continue to roll back restrictions on gatherings and business brought on by the COVID-19 pandemic, a new Gallup survey indicates at least two-thirds of Americans want to meet specific conditions before they are willing to... Read More

President Donald Trump faces a new obstacle to his case for reelection: The U.S. is now officially in recession. The “recession” label made official Monday cements the pain many voters are already feeling from the economy — and will feed... Read More

WASHINGTON - Federal law enforcement officials pledged a vigorous crackdown Tuesday during a Senate hearing on fraudsters who are trying to make easy money off vulnerable people during the coronavirus pandemic. They accused con artists of selling fake vaccines and... Read More

WASHINGTON - The coronavirus pandemic shaved roughly $3.9 trillion from the U.S. economy and will likely prevent the nation's quarterly growth rate from climbing above zero percent through the end of 2021, the nonpartisan Congressional Budget Office said Tuesday. The... Read More

WASHINGTON - The year 2020 will no doubt be remembered as the year when crisis and turmoil took center stage not just in the U.S., but around the world. From a global pandemic, to upheavals in the economy to social... 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

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

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

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

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