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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

  • CNN Faces Heat for Hiring Fired FBI Official Andrew McCabe as ContributorCNN Faces Heat for Hiring Fired FBI Official Andrew McCabe as Contributor
    BY JANITA KAN CNN announced on Aug. 23 that fired FBI Deputy Director Andrew McCabe has joined the network as a contributor, a decision that quickly drew backlash ...
  • Ex-Overstock CEO Patrick Byrne says he got ‘fishy’ orders from Peter Strzok; former acting AG unsure of claimsEx-Overstock CEO Patrick Byrne says he got 'fishy' orders from Peter Strzok; former acting AG unsure of claims
    By Charles Creitz | Fox News Overstock founder and CEO Patrick Byrne, who resigned Thursday amid ties to a government probe related to the 2016 election, claimed he received “fishy” ...
  • More GSA debauchery: Probe finds ex-official had sex on agency’s roof with White House stafferMore GSA debauchery: Probe finds ex-official had sex on agency’s roof with White House staffer
    By Judson Berger | Fox News The same agency that sparked a firestorm during the Obama administration for lavish spending at a Vegas conference – complete with a widely ...
  • Moulton ends long-shot White House bid, in latest 2020 Dem drop-outMoulton ends long-shot White House bid, in latest 2020 Dem drop-out
    By Paul Steinhauser | Fox News Rep. Seth Moulton of Massachusetts repeatedly has said he’s not a quitter. But on Friday, the three-term congressman and U.S. Marine veteran who ...
  • Apple iPhone 7 radiation test prompts FCC investigation: reportApple iPhone 7 radiation test prompts FCC investigation: report
    By Christopher Carbone | Fox News Apple’s popular iPhone 7 produced radio frequency radiation above the legal limit in a new test, prompting the Federal Communications Commission (FCC) ...
  • David Koch, billionaire philanthropist and prolific GOP donor, dead at 79David Koch, billionaire philanthropist and prolific GOP donor, dead at 79
    By Paulina Dedaj | Fox News David Koch, the billionaire former executive Vice President of Koch Industries who, along with his brother, was one of the most ...
  • Federal court undercuts progressive efforts to nullify Electoral College, rules electors can vote freelyFederal court undercuts progressive efforts to nullify Electoral College, rules electors can vote freely
    By Gregg Re | Fox News In a major blow to state-by-state progressive efforts to effectively replace the Electoral College with a nationwide popular vote, a federal appeals court ...
  • Jeffrey Epstein had painting of girl lying with tiger at New Mexico home, in latest odd art revealJeffrey Epstein had painting of girl lying with tiger at New Mexico home, in latest odd art reveal
    By Hollie McKay | Fox News Odd and often creepy details continue to surface in the aftermath of accused sex trafficker Jeffrey Epstein’s suicide, giving a glimpse of the twisted ...
  • Nikki Haley denies ‘false rumors’ she will replace Pence on GOP ticket in 2020Nikki Haley denies 'false rumors' she will replace Pence on GOP ticket in 2020
    By Alex Pappas | Fox News Nikki Haley, the former U.S. ambassador to United Nations, on Wednesday denied what she called “false rumors” that she could replace Mike Pence as ...
  • John Delaney suggests some Dems are ‘cheering on a recession’ to hurt TrumpJohn Delaney suggests some Dems are 'cheering on a recession' to hurt Trump
    By Joseph A. Wulfsohn | Fox News Above John Delaney: Some of President Trump’s media critics appear to be rooting for recession. After striking out on Russia ...
  • Gov. Gavin Newsom is ‘responsible’ for California’s homeless crisis, says former state congressmanGov. Gavin Newsom is 'responsible' for California's homeless crisis, says former state congressman
    By Joshua Nelson | Fox News The vice president of the Texas Public Policy Foundation, Chuck DeVore, said Wednesday that Gavin Newsom is “responsible for the policies that have created California’s homeless ...
  • Defiant Trump digs in amid battles on trade, guns, Israel: ‘I am the chosen one’Defiant Trump digs in amid battles on trade, guns, Israel: ‘I am the chosen one’
    By Alex Pappas | Fox News A defiant President Trump sparred with reporters Wednesday in a testy back-and-forth for more than a half-hour as he dug in over his ...
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