Economy

Bipartisan Effort to Expand Employee Retention Tax Credit Gains Coalition Endorsement
Economy
Bipartisan Effort to Expand Employee Retention Tax Credit Gains Coalition Endorsement
2020-06-23 18:48:31
by Reece Nations

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

Economists and Educators Make Plea for Bigger COVID-19 Relief Bailout
Education
Economists and Educators Make Plea for Bigger COVID-19 Relief Bailout
2020-06-23 18:38:03
by Tom Ramstack

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

South Carolina Beaches Fill, But COVID-19 Takes No Vacation
Tourism
South Carolina Beaches Fill, But COVID-19 Takes No Vacation

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

Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless
Congress
Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless

The U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress — with little of the oversight intended to ensure the money goes to the right places. Three new oversight bodies are barely functional:... Read More

Local Coronavirus Infection Spikes Muddle States’ Plans to Reopen
State News
Local Coronavirus Infection Spikes Muddle States’ Plans to Reopen
2020-06-18 13:46:30
by Reece Nations

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

White House Considers Tourism Tax Break for Americans Wary of Vacations in Pandemic
Economy
White House Considers Tourism Tax Break for Americans Wary of Vacations in Pandemic

WASHINGTON — A proposal to boost tourism by providing tax breaks for Americans who travel inside the United States is being “actively” considered by the White House for inclusion in the next coronavirus stimulus package. Three White House officials told... Read More

Retail Sales Rebound As States Reopen After COVID-19 Lockdowns
Economy
Retail Sales Rebound As States Reopen After COVID-19 Lockdowns
2020-06-16 14:30:18
by Dan McCue

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

Fed’s Powell to Bring Sober Message to Capitol Hill This Week
Economy
Fed’s Powell to Bring Sober Message to Capitol Hill This Week

WASHINGTON — Federal Reserve Chairman Jerome Powell will deliver a cautionary message about the U.S. economy and COVID-19 when he appears twice this week on Capitol Hill. His remarks to lawmakers are widely expected to echo the mostly downbeat assessment... Read More

Kudlow Says Extra Jobless Payments Will End as Planned in July
Economy
Kudlow Says Extra Jobless Payments Will End as Planned in July

The $600-a-week bonus payments made to some Americans laid off during the coronavirus pandemic will end as planned in July, said White House economic director Larry Kudlow. Congress in March approved the extra money on top of state unemployment payments... Read More

Joe Biden Introduces Plan to Restart Economy
2020 Elections
Joe Biden Introduces Plan to Restart Economy

PHILADELPHIA — Joe Biden stopped at the Enterprise Center in West Philadelphia Thursday to debut an eight-part plan for reopening the country safely. “Trump has had a one-point plan — open business. Just open them,” Biden said. “It does nothing... Read More

Americans Say They Struggle to Get Information They Can Trust During Pandemic
Opinion Polls
Americans Say They Struggle to Get Information They Can Trust During Pandemic
2020-06-11 15:20:32
by Sara Wilkerson

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

Majority of Americans Cautious Concerning Return to Normalcy
Opinion Polls
Majority of Americans Cautious Concerning Return to Normalcy
2020-06-11 15:05:53
by Reece Nations

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

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