U.S. Economy

The Senate majority leader's remarks only reaffirm the political reality of trying to forge a bipartisan agreement leading into a major election with a president who continues to offer about-face positions on whether he wants more economic relief before voters cast their ballots.

The only thing that has become increasingly clear is that no additional aid will be afforded to Americans before Election Day.

If four key racial gaps for African Americans had been closed 20 years ago, $16 trillion could have been added to the U.S. economy, the study by Citigroup says.

Campaign manager Bill Stepien is reassuring nervous Republican donors that despite being outspent so far, the president's campaign has big plans.

The roughly $500 billion bill is Republicans' slimmest relief proposal yet, a "targeted" measure that Senate Majority Leader Mitch McConnell will try to advance in the upper chamber later this week after trying to rally GOP colleagues.

Mike Pence praised President Donald Trump as the "best friend American workers have ever had."

The transition rate from temporary to permanent layoffs nearly doubled from June to July.

"You don't need to shut down businesses that you don't need to shut down," said St. Louis Federal Reserve President James Bullard.

"Without dramatic change, there is no end in sight, and we face an impending liquidity crisis," Postmaster General Louis DeJoy said earlier this month.

"It's true there has been a rebound, but not because of anything the president has done," says Eric Winograd, chief U.S. economist at AllianceBernstein.

Partisan barbs offered by top lawmakers Thursday amplified just how divided Washington's leaders are over how—or even if—they should further assist the American people in recovering from the pandemic's toll on the U.S. economy.

"I said come back when you're ready to give a higher number," House Speaker Nancy Pelosi said of the failed negotiations with Trump administration officials.

The president has two choices, according to Senate Minority Leader Chuck Schumer: keep negotiating with Democrats or issue an executive order.

A rise in coronavirus cases in the U.S. suggests that the hoped for V-shaped economic recovery still has far to go.

Since the stock market crash in March, investor confidence has seemingly returned to the market, despite continued gloomy economic warnings elsewhere.

"The president's not only very concerned about the expiration of unemployment insurance but renters being evicted," Treasury Secretary Steve Mnuchin said.

The calls come as many support measures are about to or have expired. There is no set deadline for the passing of a second stimulus bill.

Republicans and Democrats took turns blocking one another's stimulus bills on the Senate floor like a game of legislative ping-pong while millions of Americans waited for news about whether the $600 supplement to their unemployment checks would be extended.

The public condemnation from so many Republicans concerned about skyrocketing government spending raises the specter of whether GOP lawmakers can strike a deal amongst themselves—much less with Democrats.

"Overall," research from Yelp said, "permanent closures have steadily increased since the peak of the pandemic with minor spikes in March, followed by May and June."

A GOP stimulus released Monday omitted a provision spearheaded by Senator Marco Rubio that would ensure U.S. citizens married to undocumented immigrants would still receive individual checks from a previous coronavirus relief bill.

Republicans spent more time Thursday during their private lunch discussing the alligator sausage on the menu than policy, then left town for their usual three-day weekend

"Vice President Biden's Made in America plan will help reshore supply chains so that we are never again dependent on China in a crisis," one advisor told Newsweek.

The current federal supplement to jobless benefits of $600 per week is slated to expire this weekend.

The $600 weekly bonus to unemployment benefits from the federal government is set to expire this weekend.

In order to reopen, Republicans have argued, Congress needs to shield businesses and schools from civil lawsuits. But Democrats are vehemently opposed.

The Treasury secretary said that Congress should completely forgive the smaller loans given to businesses to keep their lights on amid the economic downturn and that loans should be extended for hospitality and travel industries, as well.

A new poll from Quinnipiac University shows Biden with a 50 percent approval rating on the economy over Trump's 45 percent.

A new poll found 52 percent of likely voters in six key swing states said they disapproved of President Donald Trump's handling of the economy.

The forgivable loans from the Paycheck Protection Program went to companies associated with—directly and indirectly—at least six Republican lawmakers and two congressional groups associated with Democratic lawmakers.