Economy

Trump Aides Struggle to Defend His Pandemic Relief Orders as US Cases Reach 5 million
Economy
Trump Aides Struggle to Defend His Pandemic Relief Orders as US Cases Reach 5 million

WASHINGTON — As the United States surpassed 5 million confirmed coronavirus cases, President Trump’s senior aides on Sunday defended his handling of intertwined economic and public health crises, declaring that Democrats would bear the blame for millions of Americans’ financial... Read More

Court Ruling Denies Insurance For Restaurants Hit by Pandemic
Law
Court Ruling Denies Insurance For Restaurants Hit by Pandemic
2020-08-10 14:35:28
by Tom Ramstack

WASHINGTON - A District of Columbia judge’s ruling this week is the latest court judgment that absolves insurers from obligations to cover the losses of businesses during the coronavirus pandemic. A group of restaurants sued their insurer after the company... Read More

City of Albany Sponsors Socially Distant Street Fairs All Summer
Cities
City of Albany Sponsors Socially Distant Street Fairs All Summer
2020-08-07 19:32:19
by Sara Wilkerson

ALBANY, N.Y. – The city of Albany has initiated a traveling street fair for residents to socialize at a distance and to learn about local resources. The street fair, called Playstreets, was started last month and its next fair will... Read More

Wine Sellers Brace for Second Round of Tariffs
Business
Wine Sellers Brace for Second Round of Tariffs
2020-08-07 19:26:31
by Dan McCue

WASHINGTON - As if a global health crisis wasn't enough to have on their plate, wine sellers are bracing for the imposition of another round of tariffs that could raise the price of imported European wines and other products by... Read More

Chances Waning for Unemployment Relief for Millions as Talks Sputter
Economy
Chances Waning for Unemployment Relief for Millions as Talks Sputter

WASHINGTON — Prospects for a quick deal to extend supplemental unemployment benefits and other stimulus for an economy still reeling from the coronavirus pandemic have taken a sharp turn for the worse, leaving millions of Americans in the lurch a... Read More

Davis Maintains Opposition to Proxy Voting After Positive COVID-19 Test
Congress
Davis Maintains Opposition to Proxy Voting After Positive COVID-19 Test

WASHINGTON — Three months ago, the Committee on House Administration’s ranking member, Rodney Davis, led the GOP opposition to Democrats’ proxy voting rule that allows members to cast votes from their districts during the pandemic. Now the Illinois Republican, stuck... Read More

1.2 Million Seek Jobless Aid After $600 Federal Check Ends
Employment
1.2 Million Seek Jobless Aid After $600 Federal Check Ends

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired. The Labor Department’s report... Read More

McConnell to Support White House-Democrats Deal, If One Can be Struck
Political News
McConnell to Support White House-Democrats Deal, If One Can be Struck

WASHINGTON — Senate Majority Leader Mitch McConnell said Tuesday he’d support whatever agreement the Trump administration and congressional Democrats reach on a coronavirus relief package, even if he has “some problems with certain parts of it.” The Kentucky Republican, who... Read More

'A Line in The Sand': Both Sides Dig in on Virus Relief Bill
Congress
'A Line in The Sand': Both Sides Dig in on Virus Relief Bill

WASHINGTON (AP) — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in the talks. Multiple... Read More

Progress Slow on Virus Relief Bill as Negotiations Continue
Political News
Progress Slow on Virus Relief Bill as Negotiations Continue

WASHINGTON (AP) — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in the talks. Multiple... Read More

Independent Restaurant Coalition Runs Ad to Support Congressional RESTAURANT Act
Business
Independent Restaurant Coalition Runs Ad to Support Congressional RESTAURANT Act
2020-08-03 20:54:50
by Gracie Kreth

WASHINGTON - As Congress and the White House continue to negotiate another package of coronavirus relief, the Independent Restaurant Coalition is stepping up its effort to make sure they are included in the emergency funding this time around.  This week,... Read More

Fed’s Kashkari Urges Congress to Act, Suggests Fresh Lockdown
Economy
Fed’s Kashkari Urges Congress to Act, Suggests Fresh Lockdown

The surging U.S. savings rate means the country can afford to support Americans laid off due to the coronavirus pandemic, while a “hard” lockdown could deliver a faster economic recovery, a senior Federal Reserve official said on Sunday. Federal Reserve... Read More

White House and Congress Still Far From Agreement on Coronavirus Relief Bill
Political News
White House and Congress Still Far From Agreement on Coronavirus Relief Bill

WASHINGTON — As millions of Americans drifted toward financial crisis, the two parties remained deadlocked after weekend talks on another round of economic relief intended to ease the burden of job losses from the worsening coronavirus outbreak. Administration officials and... Read More

Hoyer Vows House Members Won't Leave DC Without Relief Bill Deal
Congress
Hoyer Vows House Members Won't Leave DC Without Relief Bill Deal
2020-07-31 19:25:09
by Dan McCue

WASHINGTON - House Majority Leader Steny Hoyer, D-Md., vowed Friday that members will not leave the nation's capital until there's a deal on a new coronavirus relief package. Speaking on the House floor, Hoyer said, "We will not start the... Read More

Extra $600 in Jobless Aid Set to Lapse as Talks Deadlock
Economy
Extra $600 in Jobless Aid Set to Lapse as Talks Deadlock

WASHINGTON (AP) — A deadlocked Senate on Thursday exited Washington for the weekend without acting to extend a $600 per-week expanded jobless benefit that has helped keep both families and the economy afloat as the COVID-19 pandemic continues to wreak... Read More

Economy Last Quarter Was Worst in US History, Shrinking 32.9%
Economy
Economy Last Quarter Was Worst in US History, Shrinking 32.9%
2020-07-30 15:45:22
by Dan McCue

WASHINGTON - The U.S. economy shrank at an annual rate of 32.9% in the second quarter -- the worst quarterly decline ever -- amid a coronavirus pandemic that shuttered businesses and threw millions out of work. The Commerce Department's estimate... Read More

Postal Service, Treasury Reach Deal on $10 Billion Pandemic Relief Loan
In The News
Postal Service, Treasury Reach Deal on $10 Billion Pandemic Relief Loan
2020-07-30 14:12:52
by Dan McCue

WASHINGTON - Nearly four months after Congress approved a $10 billion loan for the struggling U.S. Postal Service as part of the CARES Act, the service and the Treasury Department have struck a deal on the terms of the loan.... Read More

Trump, Mnuchin Push Short-Term Aid Package
Economy
Trump, Mnuchin Push Short-Term Aid Package

WASHINGTON — With prospects dim for a broader $1 trillion-plus COVID-19 relief package by the end of the week, President Donald Trump and his top negotiators are talking about a narrow package focused on continuing expanded unemployment benefits and preventing... Read More

Republicans Roll Out $1 Trillion Coronavirus Plan to Start Talks with Democrats
Political News
Republicans Roll Out $1 Trillion Coronavirus Plan to Start Talks with Democrats

WASHINGTON — Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans, and shield businesses, schools and other organizations from... Read More

Beyer, Kilmer Bill Offers Peace of Mind to Jobless Americans
Congress
Beyer, Kilmer Bill Offers Peace of Mind to Jobless Americans
2020-07-27 19:37:32
by Dan McCue

WASHINGTON - Americans left jobless due to the COVID-19 pandemic could soon gain greater economic peace of mind thanks to a bill introduced Monday by Reps. Don Beyer, D-Va., and Derek Kilmer, D-Wash. The Worker Relief and Security Act ties... Read More

Essential Businesses Detail Lessons Learned, Need for Liability Protections
Economy
Essential Businesses Detail Lessons Learned, Need for Liability Protections
2020-07-27 14:58:48
by Kate Michael

WASHINGTON - While many businesses across the country have shuttered doors and furloughed employees, some essential businesses, like those that provide health care, food, utilities, and other critical services, have continued to operate throughout the pandemic. They are now joined... Read More

As $600-a-Week Benefit Nears End, White House Suggests Short-Term Unemployment Bill
Economy
As $600-a-Week Benefit Nears End, White House Suggests Short-Term Unemployment Bill

WASHINGTON — With a $600-a-week unemployment benefit expiring this week, senior White House aides continued to suggest Sunday that a jobless benefit that was too generous would discourage people from going back to work. The officials said a short-term stopgap... Read More

GOP Stimulus Plan Bogged Down Despite Agreement with White House
Economy
GOP Stimulus Plan Bogged Down Despite Agreement with White House

WASHINGTON — Lingering differences among Senate Republicans and the White House stalled the rollout of their proposal for another pandemic relief package, and Majority Leader Mitch McConnell said the $1 trillion GOP plan won’t be ready until Monday. Lawmakers had... Read More

Senate Confronts China Threat to Beat Out U.S. Economy
Geopolitics
Senate Confronts China Threat to Beat Out U.S. Economy
2020-07-23 20:25:35
by Tom Ramstack

WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is taking on new urgency during the coronavirus pandemic. Republican and Democratic senators identified Chinese computer hackers and patent thieves as... Read More

What Happens to the US Economy if the $600 Federal Unemployment Benefit Ends?
Economy
What Happens to the US Economy if the $600 Federal Unemployment Benefit Ends?

WASHINGTON — When the COVID-19 pandemic first drove the country into lockdown and tens of millions of workers lost their jobs, Congress voted to add $600 a week to whatever individual states paid in unemployment insurance. That extra money was... Read More

Senate Republicans, White House Near Agreement on Coronavirus Relief Package
Political News
Senate Republicans, White House Near Agreement on Coronavirus Relief Package

WASHINGTON — Senate Republicans and the Trump administration expect to unveil their COVID-19 relief plan Thursday after reaching agreement on key pieces late Wednesday. That package will no longer be one bill but a series of bills addressing the ongoing... Read More

Schneider, Katko Advocate for COVID PREPARE Act
Congress
Schneider, Katko Advocate for COVID PREPARE Act
2020-07-22 17:19:38
by Dan McCue

WASHINGTON - Reps. Brad Schneider, D-Ill., and John Katko, R-N.Y., introduced bipartisan legislation to require federal executive branch agencies to report to Congress on their planning to address a potential resurgence of the coronavirus outbreak. Under the provisions of the... Read More

With GOP Now on Board, Another Coronavirus Stimulus Check is Likely. But for How Much?
Economy
With GOP Now on Board, Another Coronavirus Stimulus Check is Likely. But for How Much?

WASHINGTON — Senate Republicans on Tuesday said they will include a new round of coronavirus stimulus payments in the upcoming pandemic relief bill, dramatically increasingly the likelihood that more checks will go out to help Americans combat the economic effects... Read More

Nurses Call on Senate to Protect Health Care Workers As Congress Spars Over Coronavirus Aid
Political News
Nurses Call on Senate to Protect Health Care Workers As Congress Spars Over Coronavirus Aid
2020-07-22 12:53:24
by Gaspard Le Dem

WASHINGTON -- Nurses from National Nurses United gathered at the U.S. Capitol on Tuesday morning to honor the lives of fellow health care workers who have died from the coronavirus, and to urge Congress to pass legislation to protect them... Read More

Bipartisan Bill Will Provide Tax Credit to Food and Beverage Distributors
Congress
Bipartisan Bill Will Provide Tax Credit to Food and Beverage Distributors
2020-07-21 19:23:40
by Dan McCue

WASHINGTON - Reps. Darin LaHood, R-Ill., and Jimmy Panetta, D-Calif., introduced a bill Tuesday providing a tax credit to food and beverage distributors to cover debt incurred for products shipped, but not yet paid for, due the coronavirus outbreak. The... Read More

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