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Category: Economy

The US Economy

Number of Americans filing for unemployment falls below 1M for first time since pandemic started
Posted inEconomy

Number of Americans filing for unemployment falls below 1M for first time since pandemic started

USNN World Newsby USNN World NewsAugust 13, 2020June 20, 2024
Trump says Democrats' mail-in ballot push holding up coronavirus stimulus package
Posted inEconomy

Trump says Democrats’ mail-in ballot push holding up coronavirus stimulus package

USNN World Newsby USNN World NewsAugust 13, 2020March 26, 2025
Trump Mulls Capital Gains and Middle-Income Tax Cuts to Revive Economy
Posted inEconomy

Trump Mulls Capital Gains and Middle-Income Tax Cuts to Revive Economy

USNN World Newsby USNN World NewsAugust 11, 2020June 4, 2025
PPP responsible for 'majority' of jobs created since May, SBA administrator says
Posted inEconomy

PPP responsible for ‘majority’ of jobs created since May, SBA administrator says

USNN World Newsby USNN World NewsAugust 10, 2020June 20, 2024
Trump payroll tax executive order likely worth $1,200 per worker: Kudlow
Posted inEconomy

Trump payroll tax executive order likely worth $1,200 per worker: Kudlow

USNN World Newsby USNN World NewsAugust 9, 2020August 9, 2020
Canada slaps back at new Trump tariffs with $2.7B in aluminum duties
Posted inEconomy

Canada slaps back at new Trump tariffs with $2.7B in aluminum duties

USNN World Newsby USNN World NewsAugust 8, 2020August 8, 2020
Trump orders $400 weekly unemployment payments amid COVID crisis, accuses Dems of stonewalling
Posted inEconomy

Trump orders $400 weekly unemployment payments amid COVID crisis, accuses Dems of stonewalling

USNN World Newsby USNN World NewsAugust 8, 2020October 14, 2024
President Trump will sign executive orders Saturday aimed at delivering relief to Americans struggling with the economic fallout of the coronavirus pandemic, Fox News has learned. Trump is expected to announce the presidential action during a 3:30 p.m news conference at Trump National Golf Club Bedminster, N.J., before heading to the Hamptons for fundraising events. Trump blamed Democrats Friday for the coronavirus deal stalemate in Congress and said he'd take matters into his own hands. Earlier this week, he previewed executive orders that would extend enhanced federal unemployment benefits, suspend payroll taxes until the end of the year, extend a moratorium on evictions and help with student loan payments. TRUMP SAYS CORONAVIRUS RELIEF EXECUTIVE ORDER COULD COME BY THE END OF THE WEEK 'IF DEMOCRATS CONTINUE TO HOLD RELIEF HOSTAGE' “The president is taking action to provide relief to unemployed Americans, among other actions to provide relief," a senior administration official told Fox News Saturday. Acting unilaterally has its limits and could prompt legal challenges. Trump's orders are narrower in scope than the trillions of dollars Congress is mulling for a massive stimulus to the virus-damaged economy. Congress controls new federal spending and Trump already predicted sidestepping lawmakers will have consequences. “We’ll see, yeah, probably we’ll get sued," Trump told reporters Friday. House Democrats already passed their $3 trillion coronavirus relief bill in May. The Senate GOP last month proposed a $1 trillion plan, though didn't bring the measure to a vote as Republicans were divided on whether more aid is even needed. placeholder DESPITE POLLS AND PANDEMIC, TRUMP CAMPAIGN ARGUES CANDIDATE BETTER POSITIONED THAN IN 2016 House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer have been in talks all week with White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin, but the two sides couldn't strike a deal. Democrats blamed the GOP for failing to understand the gravity of the crisis and for trying to "nickel and dime" struggling Americans, while the White House accused Democrats of not willing to compromise. Trump's actions aren't expected to address some of the big issues that Congressional proposals sought to tackle, including another round of $1,200 stimulus checks, aid to schools to reopen safely, an infusion of cash to revenue-strapped state and local governments, food assistance, new lawsuit protections for businesses and money for mail-in voting for the 2020 elections. Because of provisions in the Constitution that grant the legislative branch spending power, the White House can't just pull hundreds of billions out of the ether without Congressional approval. PELOSI SAYS DEMOCRATS WILLING TO COMPROMISE AT $2T FOR CORONAVIRUS BILL, REJECTED BY TRUMP ADMIN But the Trump administration believes it has access to $140 billion which it can “reprogram.” That includes $80 billion in untapped money from the big coronavirus bill signed into law in March and $40 billion from the Disaster Relief Fund. placeholder The White House believes it can divert some of this funding without congressional blessing, similar to how Trump in 2019 declared a national emergency at the border with Mexico to shift billions of dollars from the Pentagon budget to help pay for a border wall. Pelosi and Schumer earlier this week expressed skepticism about Trump's executive powers. "You can't move that much money," Pelosi said. "We're talking about a major investment." GOP OFFICIALS PREVIEW ‘EPIC’ TRUMP ADDRESS, FIRST FAMILY ROLE IN EVOLVING CONVENTION PROGRAM The Democrats want the White House to continue negotiating with Congress on a big package. "A better way to do this is [to] come to an agreement that meets the needs of the American people -- a much better way," Schumer said. The need for relief is pressing as millions of Americans lost out on the $600-per-week federal unemployment benefit that expired at the end of July. A partial moratorium on evictions on properties with government-backed mortgages also expired at the end of last month. placeholder There are some 110 million Americans living in rental households; up to 23 million renters – or 20 percent – are at risk of eviction by Sept. 30, according to an analysis by the COVID-19 Eviction Defense Project. With the supplemental $600 in unemployment benefits now officially lapsed, about 24 million Americans say they have little to no chance of being able to pay next month's rent, according to a survey by the U.S. Census Bureau. CLICK HERE TO GET THE FOX NEWS APP Rent and mortgage payments are typically the largest monthly expense for Americans: One in four tenant families pays more than half of its income for rent, a rate that’s even higher in cities like San Francisco and New York, according to Harvard’s Joint Center for Housing Studies. New jobless figures from the Labor Department, which cover the week ending August 1, show that more than 1.18 million workers sought aid last week, the lowest since March 14. The latest figures bring the total number of unemployment claims since the shutdown began to more than 55 million. The unemployment rate fell to 10.2%, down from 11.1% in June. Fox News' Mark Meredith, John Roberts, Jon Decker, Chad Pergram, Brooke Singman and Megan Henney contributed to this report.
Posted inEconomy

Trump to sign coronavirus relief executive orders Saturday to help unemployed Americans, others

USNN World Newsby USNN World NewsAugust 8, 2020August 8, 2020
Trump officials recommend executive action as stimulus talks break down
Posted inEconomy

Trump officials recommend executive action as stimulus talks break down

USNN World Newsby USNN World NewsAugust 7, 2020August 7, 2020
US employers hire 1.8M despite new COVID-19 shutdowns
Posted inEconomy

US employers hire 1.8M despite new COVID-19 shutdowns

USNN World Newsby USNN World NewsAugust 7, 2020December 5, 2024
GOP senators pitch extending extra unemployment aid through end of year
Posted inEconomy

GOP senators pitch extending extra unemployment aid through end of year

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

Capital One slapped with $80M fine for 2019 data hack

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020

Posts pagination

Newer posts 1 … 82 83 84 85 86 … 102 Older posts

NATIONAL NEWS

  • 2020 Election Nullification, Audit Bills Dead or Dying in State Legislatures2020 Election Nullification, Audit Bills Dead or Dying in State Legislatures
    By John Haughey Nine of 10 bills filed in six states seeking to audit 2020 election results—including three that would have nullified Joe Biden’s victory—have ...
  • Michigan Election Official Charged With Ballot Tampering, MisconductMichigan Election Official Charged With Ballot Tampering, Misconduct
    By Jack Phillips A Michigan county elections official and former township clerk was charged with ballot tampering related to the August 2020 primary election, according to state ...
  • DHS Collected Americans’ Financial Records in Bulk: Sen. WydenDHS Collected Americans’ Financial Records in Bulk: Sen. Wyden
    By Ken Silva The Department of Homeland Security (DHS) has collected Americans’ financial records in bulk, according to Sen. Ron Wyden (D-Ore.). Wyden revealed the existence of a ...
  • Massachusetts to Reduce ‘Significant Overcount’ of COVID-19 DeathsMassachusetts to Reduce ‘Significant Overcount’ of COVID-19 Deaths
    By Harry Lee The Massachusetts Public Health Department announced Thursday that the state would lower its COVID-19 death count by 3,700 due to new measuring ...
  • Democrat Spending Bill Contains ‘Serious Expansion of Federal Gun Control’: Gun Rights GroupDemocrat Spending Bill Contains ‘Serious Expansion of Federal Gun Control’: Gun Rights Group
    By Joseph Lord Democrats’ $1.5 trillion omnibus spending package, unveiled early Wednesday, includes provisions that constitute “a serious expansion of federal gun control” according to ...
  • Illinois Illegally Denied Elections Group Access to Voter Records, Federal Court RulesIllinois Illegally Denied Elections Group Access to Voter Records, Federal Court Rules
    By Matthew Vadum A federal court ruled that Illinois violated the National Voter Registration Act (NVRA) when it refused to provide an election integrity group with access ...
  • US Inflation Rises 7.9 Percent in February, Hitting a New 40-year HighUS Inflation Rises 7.9 Percent in February, Hitting a New 40-year High
    By Andrew Moran The U.S. annual inflation rate surged to 7.9 percent in February, matching the market estimate, new data show. Last month, the core inflation rate, which strips the ...
  • House Passes $1.5 Trillion Spending Bill With $13.6 Billion for UkraineHouse Passes $1.5 Trillion Spending Bill With $13.6 Billion for Ukraine
    By Isabel Van Brugen The U.S. House of Representatives voted on Wednesday to pass a $1.5 trillion omnibus spending bill that includes $13.6 billion in ...
  • Facebook Called Out For Vaccine Marketing AllianceFacebook Called Out For Vaccine Marketing Alliance
    By Alice Giordano A health alliance formed by Facebook in June of 2021 has been funding research into “how best to use behavioral science, social media and digital platforms ...
  • 10,000 Uncounted Ballots Found in Texas County: Officials10,000 Uncounted Ballots Found in Texas County: Officials
    By Jack Phillips Officials in Texas said they discovered about 10,000 uncounted ballots in last week’s primary election, which led to a delay in the results. The Harris County Elections ...
  • Industry Calls on Biden to Lift Moratorium on New Oil, Gas LeasesIndustry Calls on Biden to Lift Moratorium on New Oil, Gas Leases
    By John Haughey Domestic producers in the United States welcomed President Joe Biden’s March 8 order banning Russian oil and gas imports but say his ...
  • GOP Expects Midterm Sweep as Gas Prices SpikeGOP Expects Midterm Sweep as Gas Prices Spike
    By Joseph Lord Democrats are blaming rising gasoline prices—which have reached unprecedented levels in various parts of the country—on monopolies and price gouging. Republicans have called ...
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