U.S. Economy

President Trump has been "very clear that he's supportive of another stimulus check," White House Chief of Staff Mark Meadows told reporters.

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.

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While Congress stalls over a further relief bill, people across the nation continue to anticipate the potential for a second round of direct payments.

Some GOP senators have changed their tune to express support—or at least an openness—for distributing additional money to Americans.

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.

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Congress has a packed schedule. And an upcoming lengthy vacation doesn't help lawmakers' ability to pass three major pieces of legislation before August.

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.

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.

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.

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.

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.

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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.

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"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.