Economy

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

TRENTON, N.J. -- Recently, New Jersey Gov. Phil Murphy passed a historic $14 billion legislation package that will benefit small businesses, local economies and more as the Garden State ushers in economic recovery and growth for years to come. The... Read More

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

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

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

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

Sinclair Broadcast Group reported a massive loss for the quarter ended Sept. 30 due to charges related to its local sports segment during the coronavirus. The Hunt Valley-based broadcaster lost $3.2 billion for the July-to-September period as the company wrote off about $4.2 billion... Read More

American Airlines wants to give tours of Boeing 737 Max aircraft at DFW International Airport and other locations before the beleaguered jets return to the skies more than 18 months of being grounded. The Fort Worth-based airline, the second-largest U.S. owner of 737 Max jets, told employees at... Read More

The resurgent Covid-19 pandemic is pushing back the recovery in air travel, turning winter into a survival test for carriers now pinning hopes on a spring rebound. Airlines are urging governments to introduce more testing and travel bubbles to help... Read More

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

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

SALT LAKE CITY — Vice President Mike Pence struggled to get the Trump campaign back on track Wednesday in a heated but disciplined debate with Sen. Kamala Harris that contrasted sharply with the chaotic clash last week between the presidential... Read More

OSHKOSH, Wis. — Shawn Quella can quickly rattle off a litany of economic challenges in his home state: the spike in unemployment this spring as the coronavirus spread, the favorite restaurants that have shut down, local retailers that struggle to... Read More

Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts. Initial jobless claims in regular state programs increased by 4,000 to 870,000 in... Read More

WASHINGTON — Emergency expansions to Unemployment Insurance provided critical support to workers across the country during the early months of the pandemic. But the major component of these expansions, an additional $600 in weekly benefits, expired at the end of... Read More

WASHINGTON — Just weeks after a Republican National Convention dominated by calls for “law and order,” President Donald Trump’s campaign has returned to an almost exclusively economic message in its advertising. It’s the latest strategic pivot by the Trump campaign,... Read More

WASHINGTON — Less than two months before the November election, House Republicans on Tuesday revealed their agenda, which aims to combat the COVID-19 pandemic, rebuild the economy and increase funding for the police. The House GOP’s “Commitment to America” outlines... Read More

WASHINGTON — Democratic presidential nominee Joe Biden is launching a new push on economic issues as polls show voters beginning to trust his approach to reversing the job losses and manufacturing contraction brought on by the coronavirus pandemic. Biden opens... Read More

WASHINGTON — President Donald Trump “couldn’t be more pleased” with how the recovery is progressing but wants more stimulus to move ahead, said U.S. Treasury Secretary Steven Mnuchin, who called on Congress to pass a “targeted” bill. Third-quarter growth will... Read More

In Austin, Texas, they’re expecting more closures. In New York, they’re struggling to pay the bills. In San Francisco, they worry that the old normal is never coming back. Small businesses are often described as the heart of the U.S.... Read More

WASHINGTON - Though former Vice President Joe Biden continues to ride high in polls after two weeks of political conventions, the key to defeating President Donald Trump in November will be in the focus on how a booming U.S. economy... Read More

Federal Reserve Chair Jerome Powell unveiled a new approach to setting U.S. monetary policy, letting inflation and employment run higher in a shift that will likely keep interest rates low for years to come. Following a more than yearlong review,... Read More

ATLANTA – In cooperation with the Mayo Clinic, Delta Air Lines is implementing a widespread COVID-19 testing program for its employees to fortify the safety of passengers and personnel. The partnership between Delta and the Mayo Clinic has been on-going... Read More

Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery. Initial jobless claims in regular state programs rose by 135,000 to more than 1.1 million in the week ended... Read More

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

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

Joe Biden on Tuesday unveiled plans for addressing systemic racism that has put Black people and other nonwhite communities at an economic disadvantage, promising “bold, practical investments” to rebuild as the country struggles with the impact of the COVID-19 pandemic... Read More

As the United Kingdom sets out its plan of guiding and supporting its arts industry amid the pandemic, the sector remains in a state of crisis as freelancers in the British theatre sector consider leaving the profession and theatres face... Read More

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

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