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Category: Economy

The US Economy

Uber, Lyft denied extension to make drivers employees in California
Posted inEconomy

Uber, Lyft denied extension to make drivers employees in California

USNN World Newsby USNN World NewsAugust 17, 2020March 5, 2025
Peter Navarro on stalled coronavirus relief plan: Reaching a deal 'should be easy'
Posted inEconomy

Peter Navarro on stalled coronavirus relief plan: Reaching a deal ‘should be easy’

USNN World Newsby USNN World NewsAugust 16, 2020August 16, 2020
Stocks slide after Congress breaks with no COVID-relief deal
Posted inEconomy

Stocks slide after Congress breaks with no COVID-relief deal

USNN World Newsby USNN World NewsAugust 14, 2020August 14, 2020
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

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NATIONAL NEWS

  • DC mayor sued over ‘Black Lives Matter’ street paintingDC mayor sued over 'Black Lives Matter' street painting
    By Adam Shaw | Fox News A lawsuit is challenging Washington, D.C., Mayor Muriel Bowser’s move to paint “Black Lives Matter” in giant yellow letters down the ...
  • Trump responds to Milley apology for Lafayette Square photo opTrump responds to Milley apology for Lafayette Square photo op
    By Brooke Singman | Fox News President Trump, in an extensive interview with Fox News, said he’s “fine” with Joint Chiefs of Staff Chairman Gen. Mark Milley’s move to ...
  • Trump responds to Biden’s claim that he’ll try to steal the election: ‘Joe’s not all there’Trump responds to Biden's claim that he'll try to steal the election: 'Joe's not all there'
    By Joshua Nelson | Fox News President Trump on Friday pushed back against presumptive Democratic presidential nominee Joe Biden for claiming the commander in chief would try to steal the ...
  • Mainstream media downplays ‘insanity in Seattle’ as critics point out bias, hypocrisyMainstream media downplays 'insanity in Seattle' as critics point out bias, hypocrisy
    By Brian Flood | Fox News Seattle protesters have declared a six-block area abandoned by law enforcement as “Capitol Hill Autonomous Zone,” but the mainstream media doesn’t seem to ...
  • Seattle law enforcement experts urge police to take back CHAZ before it’s too lateSeattle law enforcement experts urge police to take back CHAZ before it's too late
    By Vandana Rambaran | Fox News Law enforcement officials are urging the Seattle Police Department to retake control of the East Precinct after hundreds of demonstrators overtook Monday the six-block area that ...
  • Stanford dean quotes fugitive cop killer in email to students about protestsStanford dean quotes fugitive cop killer in email to students about protests
    By Caleb Parke | Fox News Stanford University’s College Republicans club is calling out the dean of students for quoting a convicted cop killer who is on ...
  • Seattle protesters storm City Hall, demand mayor resign after driving police out of area, declaring autonomous zoneSeattle protesters storm City Hall, demand mayor resign after driving police out of area, declaring autonomous zone
    By Vandana Rambaran | Fox News Hundreds of protesters, aided by a sympathetic City Council member, stormed Seattle’s City Hall Tuesday night to demand the mayor’s resignation, just ...
  • Jacksonville seen as ‘strong contender’ in RNC search for new convention siteJacksonville seen as 'strong contender' in RNC search for new convention site
    By John Roberts, Paul Steinhauser | Fox News Republican Party officials are looking closely at Jacksonville, Fla., as they scramble to find a new location to host portions of this summer’s Republican ...
  • Messy Georgia primary raises alarms for November, as Ossoff edges closer to clinching Senate nominationMessy Georgia primary raises alarms for November, as Ossoff edges closer to clinching Senate nomination
    By Gregg Re | Fox News The Democratic Senate primary in Georgia was too early to call Wednesday, as Jon Ossoff held onto approximately 49 percent of the vote with more ...
  • Despite ‘defund police’ movement, Dems lead list of those taking cash from cop unionsDespite ‘defund police’ movement, Dems lead list of those taking cash from cop unions
    By Tyler Olson | Fox News Amid calls to defund police and criticism of police unions from the left in the wake of George Floyd’s death, an analysis of donations ...
  • George W. Bush’s office calls claim he won’t back Trump ‘completely made up’George W. Bush’s office calls claim he won’t back Trump ‘completely made up’
    By Morgan Phillips | Fox News Former President George W. Bush’s office has pushed back on a widely circulated New York Times report saying Bush won’t vote for ...
  • Distraught Chicago officials heard on tape fuming over looting, riots: ‘My ward is a s–t show’Distraught Chicago officials heard on tape fuming over looting, riots: 'My ward is a s--t show'
    By Adam Shaw | Fox News Distraught Chicago officials complained to Mayor Lori Lightfoot — as looting and rioting in response to George Floyd’s death swept through the Windy City — ...
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