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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

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NATIONAL NEWS

  • Sen. Sinema Censured by Arizona Democratic PartySen. Sinema Censured by Arizona Democratic Party
    By Jack Phillips Sen. Kyrsten Sinema (D-Ariz.) was censured by the Arizona Democratic Party’s executive board over the weekend for voting to keep the Senate’s filibuster, which effectively blocked ...
  • US Now Requires All Foreign Travelers to Be COVID-19 Vaccinated When Crossing Land Ports, Ferry TerminalsUS Now Requires All Foreign Travelers to Be COVID-19 Vaccinated When Crossing Land Ports, Ferry Terminals
    By Mimi Nguyen Ly Starting Saturday, non-U.S. travelers who wish to enter the United States via ferry terminals or land ports of entry at the U.S.–Mexico ...
  • Biden’s COVID-19 Vaccine Mandate for Federal Workers Blocked NationwideBiden’s COVID-19 Vaccine Mandate for Federal Workers Blocked Nationwide
    By Zachary Stieber President Joe Biden’s COVID-19 vaccine mandate for federal employees was blocked on Friday by a federal judge. Biden does not have the authority to impose such ...
  • Scientists Who Were Instrumental to COVID-19 ‘Natural Origins’ Narrative Received Over $50 Million in NIAID Funding in 2020-2021Scientists Who Were Instrumental to COVID-19 ‘Natural Origins’ Narrative Received Over $50 Million in NIAID Funding in 2020-2021
    By Jeff Carlson and Hans Mahncke News Analysis Four prominent scientists who played key roles in shaping the public narrative around the origin of COVID-19 received ...
  • Hunter Biden Invested in Chinese Company Tied to Senior Chinese Communist Party Officials: EmailsHunter Biden Invested in Chinese Company Tied to Senior Chinese Communist Party Officials: Emails
    By Frank Fang Hunter Biden, the second son of U.S. President Joe Biden, once held a stake in a Chinese company with ties to senior party ...
  • Federal Appeals Court Rules Two California Counties Violated Rights With Pandemic Gun Store ShutdownsFederal Appeals Court Rules Two California Counties Violated Rights With Pandemic Gun Store Shutdowns
    By Katabella Roberts A federal appeals court ruled on Thursday that two California counties violated the constitutional right to keep and bear arms when they shut down gun and ...
  • Noncitizen Voting Push Is Part of Agenda to Rid America of Citizenship: Election ExpertNoncitizen Voting Push Is Part of Agenda to Rid America of Citizenship: Election Expert
    By Charlotte Cuthbertson The recent New York City law to allow at least 800,000 noncitizens to vote in municipal elections is unconstitutional and likely to be overturned ...
  • Biden press conference blasted as failing ‘horribly’Biden press conference blasted as failing 'horribly'
    By Bob Unruh The New York Post editorial board has described Joe Biden’s press conference this week as a disaster. “If President Biden’s press conference Wednesday was supposed ...
  • Manchin and Sinema Vote With Republicans Against Changing Senate Rules for Elections OverhaulManchin and Sinema Vote With Republicans Against Changing Senate Rules for Elections Overhaul
    By Ivan Pentchoukov Sen. Joe Manchin (D-W.Va.) and Sen. Kyrsten Sinema (D-Ariz.) joined Republican senators on Jan. 19 to vote down an attempt by the ...
  • One year in, Biden’s presidency is on life supportOne year in, Biden's presidency is on life support
    By Christian Datoc Just 365 days after President Joe Biden entered office, the country looks very different. The deployment of coronavirus vaccines and boosters, not to mention the ...
  • Michigan Undercounted COVID-19 Nursing Home Deaths by 30 Percent, Auditor FindsMichigan Undercounted COVID-19 Nursing Home Deaths by 30 Percent, Auditor Finds
    By Steven Kovac The administration of Michigan Gov. Gretchen Whitmer underreported the number of nursing home residents who died from COVID-19 by 30 percent, according to a report by ...
  • Florida Opens Five New COVID Treatment Sites as Feds Release MonoclonalsFlorida Opens Five New COVID Treatment Sites as Feds Release Monoclonals
    By Jannis Falkenstern At the request of Gov. Ron DeSantis, the Florida Department of Health has opened five additional sites to make sure that COVID-19 patients get the monoclonal ...
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