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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

Posts pagination

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NATIONAL NEWS

  • Pence Working to Release Records of His Ukraine Calls, Says They Would Exonerate TrumpPence Working to Release Records of His Ukraine Calls, Says They Would Exonerate Trump
    By Ivan Pentchoukov Vice President Mike Pence is working with the White House to release records of his two calls with Ukrainian president Volodymyr ...
  • Trump celebrates young African immigrant’s prayer at White House: ‘So amazing!’Trump celebrates young African immigrant's prayer at White House: 'So amazing!'
    By Caleb Parke | Fox News After President Trump finished his speech to the Young Black Leadership Summit at the White House, a young woman in attendance yelled something that stopped the president ...
  • Trump campaign takes tight control of convention delegate process in bid to avoid 2016-style dramaTrump campaign takes tight control of convention delegate process in bid to avoid 2016-style drama
    By Paul Steinhauser | Fox News President Trump’s re-election campaign and the Republican National Committee are tightening their grasp on the delegate selection process for next year’s GOP convention in a ...
  • Trey Gowdy to join Trump’s legal team on impeachment inquiry: reportTrey Gowdy to join Trump's legal team on impeachment inquiry: report
    By Brie Stimson | Fox News Former U.S. Rep. Trey Gowdy, R-S.C., is joining President Trump’s legal team as outside counsel for the House’s expanding impeachment inquiry, according to ...
  • Jason Chaffetz: Durham’s expanded probe is ‘bad news’ for Obama-era intel officialsJason Chaffetz: Durham's expanded probe is 'bad news' for Obama-era intel officials
    By Julia Musto | Fox News U.S. Attorney John Durham’s decision to expand the scope and timeline of his investigation into the origin of the Russia probe is “bad news” for Obama-era ...
  • Trump wants whistleblower ‘exposed and questioned’ after reports of ties to 2020 DemTrump wants whistleblower ‘exposed and questioned’ after reports of ties to 2020 Dem
    By Adam Shaw | Fox News President Trump pressed Wednesday for the Ukraine call whistleblower to be “exposed and questioned” after new reports surfaced suggesting the whistleblower has ties to a 2020 ...
  • John Kerry’s comments on foreign leaders during 2004 election season resurface amid Trump-Ukraine controversyJohn Kerry's comments on foreign leaders during 2004 election season resurface amid Trump-Ukraine controversy
    By Liam Quinn | Fox News After former President Bill Clinton’s request for help from a foreign official resurfaced Monday, now it’s John Kerry’s turn in the spotlight. On Tuesday’s ...
  • White House announces it will not comply with ‘illegitimate and unconstitutional’ impeachment inquiryWhite House announces it will not comply with 'illegitimate and unconstitutional' impeachment inquiry
    By Gregg Re, John Roberts | Fox News The White House outlined in a defiant eight-page letter to House Speaker Nancy Pelosi and top Democrats on Tuesday why it will not participate in their ...
  • Democrats trying to ‘overturn the will of the American people,’ Pence chief of staff saysDemocrats trying to 'overturn the will of the American people,' Pence chief of staff says
    By Charles Creitz | Fox News Democrats’ impeachment inquiry is part of an attempt to undermine the will of the voters, according to a top aide to Vice President Mike ...
  • Jim Jordan blasts ‘unfair’ House impeachment process, defends EU envoy’s no-showJim Jordan blasts 'unfair' House impeachment process, defends EU envoy's no-show
    By Charles Creitz | Fox News Jim Jordan defended U.S. Ambassador to the European Union Gordon Sondland’s failure to appear before House lawmakers amid their Trump impeachment inquiry. Rep. Jordan, R-Ohio, ...
  • McConnell ad telegraphs plan to protect Trump against Pelosi in impeachment fightMcConnell ad telegraphs plan to protect Trump against Pelosi in impeachment fight
    By Ronn Blitzer | Fox News While Senate Majority Leader Mitch McConnell has pledged to take up the impeachment fight in the Senate should the House move against President Trump, a new campaign ad from ...
  • Trump on Troop Withdrawal From Syria: ‘Time to Get out of These Ridiculous Endless Wars’Trump on Troop Withdrawal From Syria: ‘Time to Get out of These Ridiculous Endless Wars’
    BY ZACHARY STIEBER President Donald Trump explained the rationale behind his decision to pull all U.S. troops from Syria, saying he wants the United States to ...
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