Economy

Biden Ordering Stopgap Help as Talks Start on Big Aid Plan
Economy
Biden Ordering Stopgap Help as Talks Start on Big Aid Plan

BALTIMORE (AP) — President Joe Biden plans to take executive action Friday to provide a stopgap measure of financial relief to millions of Americans while Congress begins to consider his much larger $1.9 trillion package to help those affected by the coronavirus pandemic.... Read More

900K Unemployment Claims Show US Economy Still Reeling From Pandemic
Economy
900K Unemployment Claims Show US Economy Still Reeling From Pandemic
2021-01-21 20:22:00
by Dan McCue

WASHINGTON — The number of unemployment claims filed last week fell to 900,000, a number that remains historically high and suggests the economy still has a long way to go before it fully recovers from the coronavirus pandemic. The Labor... Read More

Biden Releases National Strategy for COVID-19 Response, Pandemic Preparedness
Health
Biden Releases National Strategy for COVID-19 Response, Pandemic Preparedness
2021-01-21 19:00:27
by Reece Nations

WASHINGTON — On the first full day of his term, President Joe Biden announced his plan to combat the novel coronavirus pandemic, entitled “National Strategy for the COVID-19 Response and Pandemic Preparedness.”  Biden’s strategy includes issuing 10 executive orders to... Read More

Biden's Test: Engineering Economic Boom in a Partisan Divide
Political News
Biden's Test: Engineering Economic Boom in a Partisan Divide

BALTIMORE (AP) — When Joe Biden entered the White House as vice president, the economy was cratering. Job losses were mounting. Stocks were crashing. Millions of Americans were in the early stages of losing their homes to foreclosure as the... Read More

Brooking Institution Explores Connections Between Race, Social Capital, and Vanishing Economic Mobility
Think Tanks
Brooking Institution Explores Connections Between Race, Social Capital, and Vanishing Economic Mobility
2021-01-14 17:12:00
by Daniel Mollenkamp

The Brooking Institution’s How We Rise project last week presented the results from its study on the role of social networks and geography in economic mobility, offering data on this important factor for those attempting to understand or improve opportunities... Read More

Pfizer Study Suggests Vaccine Works Against Virus Variant
Health
Pfizer Study Suggests Vaccine Works Against Virus Variant

New research suggests that Pfizer’s COVID-19 vaccine can protect against a mutation found in two easier-to-spread variants of the coronavirus that erupted in Britain and South Africa. Those variants are causing global concern. They carry multiple mutations but share one... Read More

Governors Scramble to Speed Vaccine Effort After Slow Start
Health
Governors Scramble to Speed Vaccine Effort After Slow Start

New York’s governor threatened to fine hospitals if they don't use their allotment of COVID-19 vaccine fast enough. His South Carolina counterpart warned health care workers they have until Jan. 15 to get a shot or move to the back... Read More

Pandemic Haunts New Year as Virus Growth Outpaces Vaccines
Economy
Pandemic Haunts New Year as Virus Growth Outpaces Vaccines

LONDON (AP) — Despite growing vaccine access, January is looking grim around the globe as the coronavirus resurges and reshapes itself from Britain to Japan to California, filling hospitals and threatening livelihoods anew as governments lock down businesses and race... Read More

Northam Commits Additional $20 Million to Rebuild VA Economic Recovery Fund
State News
Northam Commits Additional $20 Million to Rebuild VA Economic Recovery Fund
2021-01-04 14:36:25
by Sean Trambley

RICHMOND, Va. – This week, Virginia Gov. Ralph Northam allocated an additional $20 million in federal CARES Act funding to the Rebuild VA economic recovery fund to meet demand for the program and fulfill pending grant applications.  This new funding... Read More

House Legislation Provides Rental Assistance to Families in Response to Recessions and Natural Disasters
Economy
House Legislation Provides Rental Assistance to Families in Response to Recessions and Natural Disasters
2021-01-04 14:34:21
by Sean Trambley

WASHINGTON – This week, Rep. Adam Smith, D-Wash., introduced the Crisis Housing Act establishing a new automatic housing assistance program to provide emergency rental assistance vouchers to households during natural disasters or economic recessions.  “When responding to an unforeseen disaster... Read More

US Expected to Miss Goal of Vaccinating 20 Million Against COVID-19 by Year End
Health
US Expected to Miss Goal of Vaccinating 20 Million Against COVID-19 by Year End

The U.S. goal of getting initial COVID-19 vaccine doses to 20 million Americans by year’s end was looking like a long shot Tuesday. The Trump administration’s Operation Warp Speed initially promised to unleash a vast stockpile of 300 million vaccine... Read More

House Subcommittee on the Coronavirus Crisis to Return Next Congressional Session
Congress
House Subcommittee on the Coronavirus Crisis to Return Next Congressional Session
2020-12-29 20:53:24
by Reece Nations

WASHINGTON — House Speaker Nancy Pelosi announced Tuesday the House Select Subcommittee on the Coronavirus Crisis would continue its work during the 117th Congressional session with House Majority Whip James Clyburn, D-S.C., returning as chair of the subcommittee.  Since its... Read More

Trump Signs Massive Measure Funding Government, COVID Relief
Economy
Trump Signs Massive Measure Funding Government, COVID Relief

WEST PALM BEACH, Fla. (AP) — President Donald Trump has signed a $900 billion pandemic relief package, ending days of drama over his refusal to accept the bipartisan deal that will deliver long-sought cash to businesses and individuals and avert... Read More

Republicans Block $2,000 Virus Checks Despite Trump Demand
Congress
Republicans Block $2,000 Virus Checks Despite Trump Demand

WASHINGTON (AP) — House Republicans shot down a Democratic bid on Thursday to pass President Donald Trump's longshot, end-of-session demand for $2,000 direct payments to most Americans as he ponders whether to sign a long-overdue COVID-19 relief bill. The made-for-TV... Read More

DC Bans Indoor Dining, Tightens COVID Restrictions Ahead of Christmas, New Years
Cities
DC Bans Indoor Dining, Tightens COVID Restrictions Ahead of Christmas, New Years
2020-12-23 17:44:33
by Dan McCue

WASHINGTON - The District of Columbia will ban indoor dining as of Wednesday night and is tightening other restrictions to tamp down on a surge of coronavirus cases. According to D.C. Mayor Muriel Bowser, the tightened measures are needed due... Read More

Trump Signals He Might Not Sign Relief Measure, Demands Changes
Political News
Trump Signals He Might Not Sign Relief Measure, Demands Changes

WASHINGTON — President Donald Trump injected confusion into the outlook for COVID-19 relief on Tuesday night, demanding changes to the bipartisan legislation approved by Congress less than 24 hours earlier. In a surprise video announcement posted on his Twitter account,... Read More

$900B COVID Relief Bill Passed by Congress, Sent to Trump
Economy
$900B COVID Relief Bill Passed by Congress, Sent to Trump

WASHINGTON (AP) — Congress passed a $900 billion pandemic relief package Monday night that would finally deliver long-sought cash to businesses and individuals and resources to vaccinate a nation confronting a frightening surge in COVID-19 cases and deaths. Lawmakers tacked... Read More

Michigan Passes $465 Million COVID-19 Relief Stimulus Package
State News
Michigan Passes $465 Million COVID-19 Relief Stimulus Package
2020-12-21 21:43:50
by Sara Wilkerson

LANSING, Mich. - Today, the Michigan state legislature passed Senate Bill 748, a bipartisan bill that provides $465 million in COVID-19 economic relief from state and federal tax revenues. The spending plan was passed earlier today in Michigan’s state House... Read More

House Releases $2.3 Trillion Government Spending and Virus Relief Bill
Congress
House Releases $2.3 Trillion Government Spending and Virus Relief Bill
2020-12-21 20:09:18
by Dan McCue

WASHINGTON — House Appropriations Committee Chairwoman Nita Lowey, D-N.Y., released the text of a $2.3 trillion omnibus spending bill Monday afternoon consisting of all 12 fiscal year 2021 appropriations bills, $900 billion coronavirus relief, and other authorizations. In addition to... Read More

Panel: People Over 75, Essential Workers Next for Vaccines
Health
Panel: People Over 75, Essential Workers Next for Vaccines

NEW YORK (AP) — A federal advisory panel recommended Sunday that people 75 and older and essential workers like firefighters, teachers and grocery store workers should be next in line for COVID-19 shots, while a second vaccine began rolling out... Read More

Congress Seals Agreement on $900 Billion COVID Relief Bill
Congress
Congress Seals Agreement on $900 Billion COVID Relief Bill

WASHINGTON (AP) — Top Capitol Hill negotiators sealed a deal on a $900 billion COVID-19 economic relief package, finally delivering long-overdue help to businesses and individuals and providing money to deliver vaccines to a nation eager for them. The package,... Read More

Congress Passes Two-day Stopgap Bill to Avoid Shutdown and Keep Relief Bill Talks Going
Congress
Congress Passes Two-day Stopgap Bill to Avoid Shutdown and Keep Relief Bill Talks Going
2020-12-18 22:08:51
by Dan McCue

WASHINGTON - The House and Senate on Friday evening passed a two-day, stopgap spending bill to avert a government shutdown and provide negotiators additional time to resolve differences over a longer-term appropriations bill and COVID-19 relief package. The House passed... Read More

New Report Reveals Massive Company Migration to Cloud Services
Business
New Report Reveals Massive Company Migration to Cloud Services
2020-12-18 19:47:38
by Sara Wilkerson

A new report from Information Services Group, a leading global technology research and advisory firm, reveals that cloud-based information-technology use increased dramatically as a result of the COVID-19 pandemic that forced companies to transition to work-at-home environments. Cloud providers like... Read More

Shutdown Deadline Looms Over COVID-19 Relief Talks
Congress
Shutdown Deadline Looms Over COVID-19 Relief Talks

WASHINGTON (AP) — Bearing down on a midnight shutdown deadline, top negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package are committed to sealing an agreement Friday as they resolve remaining differences in hopes of passing the legislation... Read More

US Jobless Claims Unexpectedly Jump to Highest in Three Months
Economy
US Jobless Claims Unexpectedly Jump to Highest in Three Months

Applications for U.S. state unemployment benefits unexpectedly jumped to the highest level in three months, suggesting the labor market’s recovery is faltering amid the surge in COVID-19 cases and widening business restrictions. Initial jobless claims in regular state programs rose... Read More

Snags on COVID-19 Relief May Force Weekend Sessions
Political News
Snags on COVID-19 Relief May Force Weekend Sessions

WASHINGTON (AP) — It's a hurry up and wait moment on Capitol Hill as congressional negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package struggled through a handful of remaining snags on Thursday. The holdups mean a weekend... Read More

Vaccines' Rollout and Pent-Up Consumer Demand Brighten US Economic Outlook
Economy
Vaccines' Rollout and Pent-Up Consumer Demand Brighten US Economic Outlook

WASHINGTON — If the new COVID-19 vaccines prove effective and are widely accepted, the result could be a welcome surge in the nation's economy as well as an end to the pandemic nightmare. That's because millions of Americans, especially those... Read More

Close But Not Yet: Deal Near on COVID-19 Economic Aid Bill
Political News
Close But Not Yet: Deal Near on COVID-19 Economic Aid Bill

WASHINGTON (AP) — Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver additional help to businesses, $300-per-week jobless checks and $600 stimulus payments to most Americans. But there was no deal quite yet.... Read More

Bicameral Group Unveils Revised, Two-Part Coronavirus Relief Package
Political News
Bicameral Group Unveils Revised, Two-Part Coronavirus Relief Package
2020-12-15 16:13:58
by Dan McCue

WASHINGTON - A bicameral and bipartisan group of lawmakers unveiled a two-part version of their previously announced $908 billion coronavirus package, hoping the change in structure will help move it through Congress and on to the president by the end... Read More

Lawmakers Wrapping Up Omnibus Deal, Plan to File Tuesday
Congress
Lawmakers Wrapping Up Omnibus Deal, Plan to File Tuesday

WASHINGTON — House and Senate lawmakers are close to agreement on a $1.4 trillion omnibus spending package for the fiscal year that began Oct. 1 and are planning to file the legislative text on Tuesday, according to sources familiar with... Read More

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