Economy

Biden Demands Trump and Congress Address Health and Economic Crises
Political News
Biden Demands Trump and Congress Address Health and Economic Crises

WASHINGTON — President-elect Joe Biden, faced with worsening economic and health crises, on Monday called for action from two political forces beyond his control: Congress, which is deadlocked over economic relief, and President Donald Trump, who refuses to concede the election and share information... Read More

A Season of Disappointment and Depression as COVID-19 Rages Into Holidays
Economy
A Season of Disappointment and Depression as COVID-19 Rages Into Holidays

LOS ANGELES — Business is booming for Maria Mir. Under normal circumstances, she takes little time off in November and December; the holidays are her busy season. But this is 2020. Nothing is normal. And everyone seems to need her at once.... Read More

White House Leaves Stimulus to Congress after Months of Impasse
Economy
White House Leaves Stimulus to Congress after Months of Impasse

WASHINGTON — The Trump administration is stepping back from negotiations on a new stimulus package and leaving it up to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation. While the White House probably... Read More

Biden Names Coronavirus Advisory Board
Health
Biden Names Coronavirus Advisory Board
2020-11-09 17:37:16
by Dan McCue

WASHINGTON — President-elect Joe Biden announced the members of his new coronavirus task force Monday morning, putting the contentious 2020 presidential campaign behind him and moving definitively on to the transition. Biden said repeatedly during the campaign that "crushing" the... Read More

Mayor Lightfoot Announces $10 Million Chicago Hospitality Grant Program
Cities
Mayor Lightfoot Announces $10 Million Chicago Hospitality Grant Program
2020-11-09 14:30:35
by Reece Nations

CHICAGO – Mayor Lori Lightfoot unveiled an emergency coronavirus relief program for restaurants and bars in Chicago that are still grappling with the effects of the pandemic.  The grant program will reallocate $10 million in CARES Act funds to businesses... Read More

House Dems: New Jobless Numbers Underscore Need for More COVID Relief
Economy
House Dems: New Jobless Numbers Underscore Need for More COVID Relief
2020-11-06 19:16:38
by Dan McCue

WASHINGTON - Employers added 638,000 jobs in the month of October, pushing the national unemployment rate down to 6.9%, the Labor Department reported Friday. But Congressional Democrats noted the pace of renewed hiring isn't nearly enough to quickly get the... Read More

Nielsen Predicts Consumer Holiday Spending Behavior in 'New Normal'
Economy
Nielsen Predicts Consumer Holiday Spending Behavior in 'New Normal'
2020-11-04 22:03:08
by Sara Wilkerson

Ahead of the holiday season, Nielsen, the global marketing research firm, recently predicted the types of behaviors consumers will exhibit due to the “new normal” set by the COVID-19 pandemic. With considerations of varying financial and physical restrictions consumers will... Read More

Cunningham, Reed, Call for COVID-19 Relief, Civility During Bipartisan Town Hall
Congress
Cunningham, Reed, Call for COVID-19 Relief, Civility During Bipartisan Town Hall
2020-11-02 14:02:54
by Dan McCue

WASHINGTON - It came as no surprise last week when the majority of questions posed to two members of Congress during a virtual town hall Friday focused on currently stalled negotiations over the next COVID-19 relief package. Despite being on... Read More

Gottheimer and Philips Urge Congressional PPP Renewal
Congress
Gottheimer and Philips Urge Congressional PPP Renewal
2020-10-30 16:01:29
by Sara Wilkerson

Earlier this week, Rep. Josh Gottheimer, D-N.J. and Dean Phillips, D-Minn., discussed the continuously growing need to renew the Small Business Administration’s Paycheck Protection Program for a second round and urged both Congress and the administration to continue bipartisan negotiations... Read More

Flying is Safer Than Grocery Shopping or Eating Out, Report Says
Health
Flying is Safer Than Grocery Shopping or Eating Out, Report Says

Flying ranks below grocery shopping and eating in a restaurant when it comes to the risk of contracting COVID-19 in a public place, a new study claims. It's all in the ventilation and the protocols, researchers at Harvard University's T.H. Chan School... Read More

Analysis: Winter Is Coming for Bars. Here's How to Save Them — and Us
In The News
Analysis: Winter Is Coming for Bars. Here's How to Save Them — and Us

If we really want to stem the spread of the coronavirus as winter looms and we wait for a vaccine, here's an idea: The government should pay bars, many restaurants and event venues to close for some months. That may... Read More

Senate Packs Up with Coronavirus Relief Bill on Ice Until After Elections
Economy
Senate Packs Up with Coronavirus Relief Bill on Ice Until After Elections

WASHINGTON — Senators prepared to leave town Monday night for their October recess with virtually no prospect of passing new COVID-19 aid legislation before the Nov. 3 elections. Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by phone for 52 minutes on Monday in what has... Read More

Pelosi, White House Say Each 'Moving the Goalposts' on Stimulus
Economy
Pelosi, White House Say Each 'Moving the Goalposts' on Stimulus

House Speaker Nancy Pelosi said the chamber could pass a pandemic relief plan this week, though a deal with the White House remains elusive and the Republican-led Senate might not act before the Nov. 3 U.S. election. Pelosi and White House Chief of Staff Mark Meadows accused each other of "moving the... Read More

Coronavirus Relief Package Might Not Get Done Before Election Day, Pelosi Suggests
Congress
Coronavirus Relief Package Might Not Get Done Before Election Day, Pelosi Suggests

WASHINGTON — House Speaker Nancy Pelosi raised doubts Thursday about getting a coronavirus aid bill passed before the Nov. 3 elections, even if a bipartisan deal is reached in the coming days. While talks continue, she said it would take time to get a comprehensive... Read More

House Democrats Float Tax Compromises in Coronavirus Relief Talks
Congress
House Democrats Float Tax Compromises in Coronavirus Relief Talks

WASHINGTON - House Democrats are offering several concessions to Republicans on pandemic-related tax items, including a temporary fix to the thorny problem of how teleworkers and others who work in multiple states during the pandemic should be taxed. That pitch is part of a collection... Read More

PPP Bill Falls Short in Senate as Hope for COVID-19 Aid Wanes
Political News
PPP Bill Falls Short in Senate as Hope for COVID-19 Aid Wanes

WASHINGTON - Amid ongoing COVID-19 economic aid negotiations and the approaching election, the Senate shot down on Tuesday a standalone measure authorizing a second round of forgivable loans to small businesses. Republicans were unified in their attempt to push forward the bill while nearly... Read More

McConnell Warns White House Against COVID Relief Deal
Congress
McConnell Warns White House Against COVID Relief Deal

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell on Tuesday told fellow Republicans that he has warned the White House not to divide Republicans by sealing a lopsided pre-election COVID-19 relief deal with House Speaker Nancy Pelosi — even as... Read More

New Survey Predicts Dismal Outlook for Mom and Pop Shops for the Holidays
Economy
New Survey Predicts Dismal Outlook for Mom and Pop Shops for the Holidays
2020-10-20 19:38:07
by Sara Wilkerson

A new survey released from Alignable, the country’s largest online referral network for small businesses, shows 45% of consumers shifted from shopping at local businesses to purchasing goods from national, online retailers when they were most concerned about COVID. The... Read More

One More Day for Coronavirus Relief Talks, Pelosi Says
Congress
One More Day for Coronavirus Relief Talks, Pelosi Says

WASHINGTON -- Speaker Nancy Pelosi plans to decide by Tuesday evening whether a bipartisan deal on COVID-19 relief can pass before the Nov. 3 elections, her spokesman said Monday. The announcement, made in a tweet, came after a nearly hourlong phone call between the Democratic... Read More

Trump Targets Fauci Instead of COVID-19 as Cases and Deaths Rise
Political News
Trump Targets Fauci Instead of COVID-19 as Cases and Deaths Rise

WASHINGTON -- President Donald Trump reignited his feud with the nation's top infectious disease expert Monday as U.S. deaths from COVID-19 topped 220,000 and coronavirus hospitalizations rose across the country, raising fears of a deadly third wave of infections as winter approaches. In a call... Read More

In Election's Homestretch, Coronavirus Surge Underscores the Parties' Contrasts
2020 Elections
In Election's Homestretch, Coronavirus Surge Underscores the Parties' Contrasts

WASHINGTON -- In the homestretch of the presidential campaign, with the U.S. coronavirus caseload trending ominously upward, the rival campaigns of President Donald Trump and Joe Biden more than ever are providing a clash of contrasts on how to contain COVID-19 and tend to the virus-battered economy.... Read More

Fed's Bostic Cautions That US Economic Recovery is Very Uneven
Economy
Fed's Bostic Cautions That US Economic Recovery is Very Uneven

Some parts of the U.S. economy are coming back strongly while others are still struggling because of the coronavirus pandemic, said Federal Reserve Bank of Atlanta President Raphael Bostic. "In some segments the economy is recovering and rebounding in a very robust way," Bostic said... Read More

The World's Richest King, His Mysterious Fortune and the Protesters who Want Answers
Economy
The World's Richest King, His Mysterious Fortune and the Protesters who Want Answers

SINGAPORE - The crown prince of Thailand's third marriage unraveled in lurid headlines: The princess was stripped of her titles, her parents and brothers jailed over vague corruption allegations, her uncle purged from his senior police post. Then the heir to the throne... Read More

Trump Wants Bigger Coronavirus Relief Package; GOP Support Tepid
Economy
Trump Wants Bigger Coronavirus Relief Package; GOP Support Tepid

WASHINGTON -- President Donald Trump continues to move away from his own political party on COVID-19 aid, saying Thursday that he's authorized his top negotiator to offer Democrats more than $1.8 trillion. "Absolutely I would. I would pay more," Trump said in an interview with Fox... Read More

US Jobless Claims Surge to Highest Number Since August
Employment
US Jobless Claims Surge to Highest Number Since August

Applications for U.S. state unemployment benefits unexpectedly jumped last week to the highest since August and Americans increasingly moved to longer-term jobless aid. Both are troubling signs for a labor market whose recovery from the pandemic was already slowing. Initial jobless claims... Read More

Coronavirus Relief Bill Talks Snagged Over Testing, Liability, Other Issues
Economy
Coronavirus Relief Bill Talks Snagged Over Testing, Liability, Other Issues

WASHINGTON — Treasury Secretary Steven Mnuchin expressed doubts Wednesday about a COVID-19 aid package becoming law before the Nov. 3 elections. After a morning phone call with Speaker Nancy Pelosi, Mnuchin said the myriad disputes over funding and policy questions... Read More

Another ‘Skinny’ Coronavirus Relief Bill on Tap in Senate, McConnell Says
Economy
Another ‘Skinny’ Coronavirus Relief Bill on Tap in Senate, McConnell Says

WASHINGTON — The Senate will vote next week on a roughly $500 billion COVID-19 relief package that mirrors an earlier Republican proposal, Majority Leader Mitch McConnell announced Tuesday. The decision to push another “skinny” relief bill marked a new attempt... Read More

Champion of Poor or Demagogue? Mexico’s President Remains Popular Despite Stalled Economy, Pandemic and Crime
In The News
Champion of Poor or Demagogue? Mexico’s President Remains Popular Despite Stalled Economy, Pandemic and Crime

MEXICO CITY — The Mexican economy is cratering, homicides are rising at a record rate, and the COVID-19 death toll has surged past 80,000. For any other leader, the torrent of bad news might herald a political reckoning. Not for... Read More

US Recovery Doesn’t Depend on a Stimulus Deal, Kudlow Says
Economy
US Recovery Doesn’t Depend on a Stimulus Deal, Kudlow Says

A fiscal stimulus deal isn’t essential to the U.S. recovery from the coronavirus pandemic, though the Trump administration and Congressional Democrats will keep talking, White House economic adviser Larry Kudlow said. “Well no, I don’t think it’s dead at all,”... Read More

Rural Vacation Towns Made it Through the Summer. Now What?
Rural
Rural Vacation Towns Made it Through the Summer. Now What?

DENVER — The pandemic hit Colorado’s ski towns first. As spring breakers headed to the slopes, they brought the coronavirus with them. Democratic Gov. Jared Polis shut down the state’s ski resorts in March, triggering a wave of furloughs and... Read More

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