U.S. Economy
Trump Backs Second Stimulus Check, Payroll Tax Cut, Chief of Staff Says
President Trump has been "very clear that he's supportive of another stimulus check," White House Chief of Staff Mark Meadows told reporters.
National Mask Order Could Save U.S. Economy $1 Trillion, Goldman Sachs Says
In coronavirus hot spot states like Texas and Florida, a federal requirement for face coverings could result in a 25-point increase in mask usage.
Sponsored Article
AMPLIFY - Personal FinanceThis Debt Settlement Company Can Help You Renegotiate Your Entire Debt
America is in debt crisis now more than ever. Fortunately, debt is not an unsurpassable black hole. There are companies including CuraDebt that help you settle your debt fast and save money.
Third of Americans Want Second Stimulus Check of at Least Twice Last Amount
While Congress stalls over a further relief bill, people across the nation continue to anticipate the potential for a second round of direct payments.
Second Stimulus Check Could Be Coming After Trump, Republicans Warm to Idea
Some GOP senators have changed their tune to express support—or at least an openness—for distributing additional money to Americans.
As Many as 15 Million Americans Could Still Be Missing Stimulus Checks
It's estimated that millions of mostly low-income Americans still have not received their stimulus checks nearly three months after the federal government began distributing them.
OK Wall Street: Why Millennials May Be Driving the Market Surge
The truth behind the stock market surge (we think); Jerome Powell testifies; and why Steven Mnuchin doesn't want you to know who got small biz loans.
Stimulus Package on Backburner Amid Congress' Vacation, Police Reform Bill
Congress has a packed schedule. And an upcoming lengthy vacation doesn't help lawmakers' ability to pass three major pieces of legislation before August.
Trump Wants $2 Trillion Stimulus for Manufacturing Jobs, Trade Adviser Says
Peter Navarro said the idea behind a $2 trillion stimulus for manufacturing jobs would focus on the president's "two simple rules": buy American and hire American.
Another Stimulus is Still Coming Despite Encouraging Economic News
Republicans are considering a slew of potential proposals to include: an extension of the federal jobless benefit boost of $600 per week (but at a reduced rate), a back-to-work bonus and liability protections for companies.
13 States Report Spikes in Coronavirus Cases After Reopening Economy
The number of confirmed cases of the new coronavirus has increased in many of the states that were among the first to reopen their economies.
Friday's Positive Jobs Report Could Be Bad News for Next Stimulus Package
Republicans, already hesitant to dole out more federal relief as the country reopens, view the encouraging numbers as justification to delay—or forgo altogether—additional spending.
U.S. Unemployment Rate Falls Despite Pandemic—But Not for Blacks and Asians
The U.S. Bureau of Labor Statistics has released updated figures, showing overall unemployment at 13.3 percent.
Unemployed Workers Could Still Get Extra Money in GOP's Next Stimulus Plan
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.
Pandemic Expected to Shrink U.S. GDP by $8 Trillion, Report Shows
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.
Biden, the Moderate, Plans the Most Radical Economic Overhaul Since FDR
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?
Americans May Get Weekly $450 Back-to-Work Bonus, White House Adviser Says
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.
70 Percent of Americans Think Economy is in Poor Shape Amid Pandemic: Poll
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.
Small Businesses Struggle to Recover in States Among First to Reopen
A majority of small businesses in Georgia, South Carolina and Texas reported a decrease in revenue even weeks after their state started to reopen.
Fed Chair: Reserve Using 'Full Range of Tools' to Fight Economic Decline
"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.
Economic Collapse Could Sink Trump's Re-Election in Key Swing States
"The central argument of the Trump re-election as his campaign team envisioned it doesn't exist anymore," one strategist said.
Many U.S. Households Say Their Income Unaffected or Higher Despite Crisis
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.
Can Workers' Unions Organize During the Pandemic?
Report from the Deep South: A community coalition tried an alternative approach at an Alabama bus plant.
White House Economic Adviser Says Unemployment Numbers Will Get Worse
"The economic and jobs numbers are going to continue to deteriorate," Kudlow said on Friday.
Coronavirus, Economic Stress Contribute to Low Life Satisfaction in U.S.
A sharp drop in life satisfaction has been recorded among Americans since the coronavirus began spreading across the U.S., Gallup pollsters found.
Coronavirus Could Devastate State Unemployment Systems After Recession Ends
"I would fully expect harsh cuts to unemployment benefits in the years to come," said Andrew Stettner, a senior fellow at The Century Foundation.
Small Businesses Didn't Get Paycheck Protection Program Loans, NY Fed Says
Most PPP loans have gone to central and midwestern states that have reported the fewest number of coronavirus cases.
McConnell Wants to Stop Blue State Bailouts, but Red States Need Help Too
"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.
Why the U.S. Economy May Never Be the Same Again After Coronavirus
It will take years before the economy is at pre-pandemic levels again.
U.S. Economy Contracts at Fastest Pace Since Great Recession, Worse to Come
The U.S. economy is contracting sharply because of the coronavirus pandemic and millions of Americans are out of work.