The U.S. Bureau of Labor Statistics has released updated figures, showing overall unemployment at 13.3 percent.
Though they initially gave the cold shoulder to the idea of extending the $600 per week bonus past its July 31 deadline, Senate Republicans are warming to the idea of stretching the extra payout period while reducing the benefit.
A report from the Congressional Budget Office shows the pandemic has devastated U.S. businesses and spending to the extent that it will shrink the country's gross domestic product by nearly $8 trillion over the next decade.
To revive the economy, Joe Biden wants to build his own New Deal with an array of proposals to strengthen the social safety net and revive prosperity. The big question: Is he up to the challenge?
A $450 weekly return-to-work bonus is one of the incentives legislators are considering as a strategy to jumpstart the economy and get Americans back to work.
The percentage of Americans who approve of the President Trump's handling of the economy has fallen to its lowest level in months, according to the survey.
A majority of small businesses in Georgia, South Carolina and Texas reported a decrease in revenue even weeks after their state started to reopen.
"We are committed to using our full range of tools to support the economy in this challenging time even as we recognize that these actions are only a part of a broader public-sector response," Fed Chair Jerome Powell will say during congressional testimony on Tuesday.
"The central argument of the Trump re-election as his campaign team envisioned it doesn't exist anymore," one strategist said.
The Bankrate.com research looked at the state of household finances in the U.S. during what is set to be one of the deepest recessions on record.
"The economic and jobs numbers are going to continue to deteriorate," Kudlow said on Friday.
A sharp drop in life satisfaction has been recorded among Americans since the coronavirus began spreading across the U.S., Gallup pollsters found.
"I would fully expect harsh cuts to unemployment benefits in the years to come," said Andrew Stettner, a senior fellow at The Century Foundation.
Most PPP loans have gone to central and midwestern states that have reported the fewest number of coronavirus cases.
"The virus is everywhere. Every state has needed to take action to slow its spread, and that has had major effects on each of their economies," said the Center on Budget and Policy Priorities' Michael Leachman.
It will take years before the economy is at pre-pandemic levels again.
The U.S. economy is contracting sharply because of the coronavirus pandemic and millions of Americans are out of work.
Governor Greg Abbott announce the next phase of of his plan to slowly reopen businesses in Texas while continuing to curb the spread of COVID-19 with social distancing and testing.
More than half of small business owners said the Paycheck Protection Program should be extended for three months.
"Everything I've done has been about saving lives," Governor Whitmer told Politico.
Yang pushed a version of UBI that would set up a permanent system for paying every American adult $1,000 per month: an idea that seemed naive but is now in the mainstream political debate.
Two out of three employers surveyed said that maintaining employee morale amid the coronavirus pandemic has been a challenge.
Some states plan to open back up for business in the coming weeks, while others are organizing committees and task forces to determine the path forward.
The computer analysis showed that as restrictions loosen, the coronavirus will make a comeback; social distancing rules would have to go into effect a second time.. and a third, and so on. And it might not even work.
"We are doing enormous damage every week that goes by where people are not allowed to work," Senator Pat Toomey said.
In a Gallup poll in early April, just 20 percent of Americans said they would readily resume normal activities once allowed to do so.
"You know how they say never waste a crisis? We need to not waste this moment to fix the structural problems that women face," Sandberg said.
"Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," Federal Reserve Chairman Jerome Powell said in a statement.