Economy

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

Innovation, New Technology Needed for Post-COVID Economy
County News
Innovation, New Technology Needed for Post-COVID Economy
2020-12-14 19:32:06
by Dan McCue

If anything positive can be said to have come out of the COVID-19 pandemic, it's that the months-long viral siege has shed new light on the need for innovation and creativity when it comes to business and workforce development. At... Read More

New Bill Seeks to Make Bankruptcy Easier For Consumers Hit by Pandemic Recession
Congress
New Bill Seeks to Make Bankruptcy Easier For Consumers Hit by Pandemic Recession
2020-12-14 14:55:51
by Tom Ramstack

WASHINGTON -- Democratic members of Congress are trying to throw a lifeline to families and individuals teetering toward financial disaster during the COVID-19 pandemic with a new bill designed to make claiming bankruptcy easier. The Consumer Bankruptcy Reform Act introduced... Read More

Congress Could Pass Next COVID Relief Package in Two Parts: Report
Health
Congress Could Pass Next COVID Relief Package in Two Parts: Report

Members of Congress are expected to introduce a COVID relief spending bill at the start of the week, according to a published report. A bipartisan group is planning to introduce the $908 billion legislation in two parts, Politico reported. The... Read More

NewDEAL Task Force Releases Strategy for Maximizing COVID Relief to Small Businesses
Economy
NewDEAL Task Force Releases Strategy for Maximizing COVID Relief to Small Businesses
2020-12-11 16:51:41
by Dan McCue

WASHINGTON - The NewDEAL Forum's Renewing America Task Force on Friday released a list of recommendations intended to help state and local governments maximize COVID-relief aid for small businesses. Since the onset of the coronavirus pandemic in February, more than... Read More

Pelosi Suggests Lawmakers Work Through Christmas to Secure COVID-19 Stimulus
Congress
Pelosi Suggests Lawmakers Work Through Christmas to Secure COVID-19 Stimulus

It’s beginning to look a lot like members of Congress won’t be going home for the holidays. House Speaker Nancy Pelosi suggested Thursday that lawmakers may have to stay on Capitol Hill over Christmas in order to pass another coronavirus... Read More

FDA Panel Approves Pfizer Vaccine For Nationwide Distribution
Health
FDA Panel Approves Pfizer Vaccine For Nationwide Distribution
2020-12-11 00:13:15
by Tom Ramstack

WASHINGTON -- A federal panel of outside experts on Thursday endorsed a coronavirus vaccine from Pfizer and BioNTech, recommending that the Food and Drug Administration move forward with emergency authorization. President-elect Joe Biden responded with a statement saying, “Today’s approval... Read More

Think Tanks Pen Joint Letter Urging Congress to Prioritize Impending College Student Crisis
Education
Think Tanks Pen Joint Letter Urging Congress to Prioritize Impending College Student Crisis
2020-12-10 19:06:57
by Sara Wilkerson

This week, a group of prominent Washington D.C. think tank organizations sent a joint letter to Congressional leaders urging them to prioritize bipartisan-backed legislation that would benefit America’s college students. The letter was sent to the House and Senate minority... Read More

Bipartisan, Bicameral Lawmakers Circulate Details of COVID Relief Proposal
Congress
Bipartisan, Bicameral Lawmakers Circulate Details of COVID Relief Proposal
2020-12-09 19:28:41
by Dan McCue

WASHINGTON - A bipartisan group of lawmakers from both the House and Senate circulated details of the $908 billion coronavirus relief proposal, though significant hurdles to its passage remain. Among them is the fate of proposed aid to state and... Read More

Stopgap Readied Amid Year-End Budget, Virus Aid Scramble
Political News
Stopgap Readied Amid Year-End Budget, Virus Aid Scramble

WASHINGTON — Lawmakers were finalizing a one-week stopgap funding measure Tuesday to avoid a partial government shutdown starting Friday at midnight, with the only add-ons expected to be a package of expiring health care program extensions, according to Senate Appropriations Chairman Richard C. Shelby.... Read More

Bipartisan Coronavirus Relief Package Hits Snags Over Details
Congress
Bipartisan Coronavirus Relief Package Hits Snags Over Details

WASHINGTON — After making a big splash last week and injecting a sense of optimism into long-delayed coronavirus relief talks, a bipartisan $908 billion plan is hung up over the specifics of aid to states and localities and liability protections for... Read More

Wisconsin Governor Evers Announces CARES Grants
State News
Wisconsin Governor Evers Announces CARES Grants
2020-12-07 21:37:58
by Sean Trambley

MADISON, Wis. — This week, Governor Tony Evers announced that COVID-19 Lodging Grants have been awarded to 663 Wisconsin lodging operators.  The grants aim to provide stabilization to the state’s lodging industry as it continues to be impacted by the... Read More

Trump, McConnell Likely to Back Coronavirus Relief Bill, Senator Says
Political News
Trump, McConnell Likely to Back Coronavirus Relief Bill, Senator Says

WASHINGTON — President Donald Trump and Senate Majority Leader Mitch McConnell will come "on board" with a $908 billion package to provide pandemic relief, according to a member of a bipartisan group that's seeking legislation before the end of the year. " President Trump has indicated that... Read More

Congress Close to Breakthrough on Economic Stimulus Proposal
Congress
Congress Close to Breakthrough on Economic Stimulus Proposal
2020-12-05 00:30:20
by Tom Ramstack

WASHINGTON - House Speaker Nancy Pelosi moved a $1.4 trillion relief package closer to approval Friday by joining pandemic assistance and economic stimulus measures into a single bill headed toward a vote in Congress. Negotiations dragged on for months between... Read More

Experts Lend Advice on COVID Relief Policy for Biden Administration, New Congress
Economy
Experts Lend Advice on COVID Relief Policy for Biden Administration, New Congress
2020-12-04 17:02:30
by Reece Nations

In a virtual roundtable event co-hosted Tuesday by the Hutchins Center on Fiscal & Monetary Policy and the Peterson Institute for International Economics, economists discussed what economic policies should be prioritized by the in-coming Biden Administration and Congress.  The panelists... Read More

Hopes Raised That Congress Will Agree on a COVID-19 Stimulus Plan, But Obstacles Remain
Congress
Hopes Raised That Congress Will Agree on a COVID-19 Stimulus Plan, But Obstacles Remain

WASHINGTON — Pressure is building on Congress to pass another economic aid package before the end of the year, and Democratic and Republican leaders said Thursday they're hopeful a deal is possible. But with only a few days left on the legislative calendar,... Read More

US Employers Add a Modest 245,000 Jobs as Virus Intensifies
Economy
US Employers Add a Modest 245,000 Jobs as Virus Intensifies

WASHINGTON (AP) — America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown. At the same time, the unemployment rate to... Read More

Signs of Life for Coronavirus Relief as Bipartisan Plan Wins Key Backing
Congress
Signs of Life for Coronavirus Relief as Bipartisan Plan Wins Key Backing

WASHINGTON — COVID-19 aid talks got a jolt of momentum Wednesday when the top Democratic leaders on Capitol Hill all but endorsed a $908 billion interim package a bipartisan group of lawmakers unveiled the previous day. In a joint statement, Speaker Nancy Pelosi and Senate... Read More

Senators Split Over End to Fed Emergency Lending Programs
Economy
Senators Split Over End to Fed Emergency Lending Programs

WASHINGTON — Democrats and Republicans split on Treasury Secretary Steven Mnuchin's decision to end most of the emergency lending facilities established at the onset of the coronavirus pandemic at a Senate hearing Tuesday. "Even the Chamber of Commerce said that shutting down the emergency lending programs 'closes the door on important... Read More

Congress Seeks to Avert a Government Shutdown as Trump Seethes
Congress
Congress Seeks to Avert a Government Shutdown as Trump Seethes

Congress returned Monday from its Thanksgiving break hoping to avoid a government shutdown looming at the end of next week — with President Donald Trump being a potential wild card. Hopes for a new coronavirus stimulus package are slim as lawmakers focus on the more... Read More

Yellen Officially Gets Treasury Nod, Biden Econ Team Manifests Diversity
Economy
Yellen Officially Gets Treasury Nod, Biden Econ Team Manifests Diversity
2020-11-30 20:56:19
by Dan McCue

WILMINGTON, Del. — President-elect Joe Biden on Monday announced his senior economic team, confirming after a week of speculation, that he would nominate Janet Yellen, the former Federal Reserve chair, to be the first woman to head the Treasury Department,... Read More

Black Friday Offers Beacon of Hope to Struggling Stores
Economy
Black Friday Offers Beacon of Hope to Struggling Stores

NEW YORK (AP) — After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers... Read More

Rep. Neal Eyes Massive Coronavirus Relief, Climate and Infrastructure Package
Congress
Rep. Neal Eyes Massive Coronavirus Relief, Climate and Infrastructure Package

WASHINGTON — House Ways and Means Chairman Richard E. Neal's attitude toward legislating under a Democratic-led White House might aptly be described as "never let a crisis go to waste." The Massachusetts Democrat wants to take a page from his party's 2009 playbook, when the Obama administration... Read More

Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach
Economy
Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach

WASHINGTON — Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund,... Read More

Stabenow Says Smaller Coronavirus Relief Bill Better Than Nothing
Economy
Stabenow Says Smaller Coronavirus Relief Bill Better Than Nothing

WASHINGTON — A top Senate Democrat said Tuesday that she's engaged in bipartisan discussions on COVID-19 aid and urged quick action even if that means "a short-term package for the next few months." "We need to act," said Sen. Debbie Stabenow, D- Mich.,... Read More

Thanksgiving Food Prices Sink as Americans Scale Down Their Feasts
Economy
Thanksgiving Food Prices Sink as Americans Scale Down Their Feasts

Turkey prices are sinking as the pandemic may keep some American families from hosting big groups this Thanksgiving. The price of ingredients in a traditional turkey dinner for 10 people is down to the lowest level in a decade, driven largely by... Read More

Wind Energy Labor Pact Viewed as Sign of What Biden Economy Will Look Like
Economy
Wind Energy Labor Pact Viewed as Sign of What Biden Economy Will Look Like
2020-11-20 15:08:27
by Dan McCue

Ørsted, the Danish renewable energy group, and the North America's Building Trades Unions have entered into a pact to train an offshore wind construction workforce as the firm eyes construction of a series of wind farm projects up and down... Read More

Airlines Say Thanksgiving Demand is Faltering as CDC Warns Americans Not to Travel
Travel
Airlines Say Thanksgiving Demand is Faltering as CDC Warns Americans Not to Travel

DALLAS — Three of the biggest U.S. airlines say demand is weakening for the usually busy Thanksgiving period as the CDC cautioned Americans against traveling for the holiday. United Airlines, Southwest Airlines and American Airlines said Thursday that they have seen an increase in cancellations and a decrease in new bookings... Read More

FDA Allows 1st Rapid Virus Test That Gives Results at Home
Health
FDA Allows 1st Rapid Virus Test That Gives Results at Home

WASHINGTON (AP) — U.S. regulators on Tuesday allowed emergency use of the first rapid coronavirus test that can be performed entirely at home and delivers results in 30 minutes. The announcement by the Food and Drug Administration represents an important... Read More

Run-It-Hot Wins Argument Over How to Get Americans Back to Work
Employment
Run-It-Hot Wins Argument Over How to Get Americans Back to Work

Behind President-elect Joe Biden's plans to drive the U.S. back to full employment after the coronavirus slump lies a long-lost idea: The unemployed need jobs, not skills. That "run it hot" recipe for recovery is back in favor among policymakers — including, crucially, at... Read More

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