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Category: Economy

The US Economy

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
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

Posts pagination

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

NATIONAL NEWS

  • GOP Lawmakers Urge Biden to Stop Sending Billions of Dollars in Military Aid, Weapons to UkraineGOP Lawmakers Urge Biden to Stop Sending Billions of Dollars in Military Aid, Weapons to Ukraine
    By Katabella Roberts A group of 19 Republican lawmakers has called on the Biden administration to stop spending billions of dollars in military aid to ...
  • IRS Agent Comes Forward as Whistleblower in Hunter Biden CaseIRS Agent Comes Forward as Whistleblower in Hunter Biden Case
    By Savannah Hulsey Pointer An Internal Revenue Service (IRS) criminal supervisory agent is seeking whistleblower status, saying they have information that the Biden administration mishandled ...
  • IRS Pays $23 Billion Less in Tax Refunds for 2023 Filing Season, Worrying AmericansIRS Pays $23 Billion Less in Tax Refunds for 2023 Filing Season, Worrying Americans
    By Naveen Athrappully The Internal Revenue Service (IRS) is paying $23 billion less in tax refunds for the 2023 filing season—with the average refund amount ...
  • Robert Kennedy Formally Announces Democratic 2024 Presidential CampaignRobert Kennedy Formally Announces Democratic 2024 Presidential Campaign
    By Alice Giordano BOSTON—Just a few miles from the homestead where his family’s dynasty in U.S. politics began, Robert F. Kennedy Jr. officially announced his ...
  • 400-Foot Tall SpaceX Rocket Explodes Over Texas400-Foot Tall SpaceX Rocket Explodes Over Texas
    By Jack Phillips Elon Musk’s SpaceX launched its first Starship rocket on Thursday morning, but it exploded during a mid-flight failure over the Gulf of ...
  • Republicans Decry Biden Tax Policies, Call for Changes to Be MadeRepublicans Decry Biden Tax Policies, Call for Changes to Be Made
    By Lawrence Wilson House Republicans used Tax Day as an occasion to lambast President Joe Biden’s administration’s tax policies and budget proposal—and highlight bills aimed ...
  • 1 Dead, 5 Injured in New York City Parking Garage Collapse1 Dead, 5 Injured in New York City Parking Garage Collapse
    By Katabella Roberts At least one person has been killed and five others have been injured after a four-story parking garage partially collapsed in New ...
  • Senators Question Feasibility of EPA’s New Vehicle Emissions StandardsSenators Question Feasibility of EPA’s New Vehicle Emissions Standards
    By Nathan Worcester Lawmakers questioned the feasibility of new vehicle tailpipe emissions proposals from the Environmental Protection Agency (EPA), which the agency predicts will lead ...
  • GOP Senator to Introduce Resolution for Vote of No Confidence in MayorkasGOP Senator to Introduce Resolution for Vote of No Confidence in Mayorkas
    By Jackson Richman Sen. Roger Marshall (R-Kan.) said on April 18 he will introduce a resolution to have a vote of no confidence in Homeland ...
  • Businessman Harlan Crow Says ‘Leftists’ Funded ‘Political Hit Job’ on Justice Clarence ThomasBusinessman Harlan Crow Says ‘Leftists’ Funded ‘Political Hit Job’ on Justice Clarence Thomas
    By Matthew Vadum Wealthy Republican donor Harlan Crow says that both he and his friend, Supreme Court Justice Clarence Thomas, are victims of a “political ...
  • ‘Soros-Funded’ DAs to Blame for ‘Violent Crime Spree’ Sweeping the Nation: House GOP‘Soros-Funded’ DAs to Blame for ‘Violent Crime Spree’ Sweeping the Nation: House GOP
    By Samantha Flom and Gary Bai NEW YORK—Rising crime around the United States can be attributed to the “soft-on-crime” policies of Democrat district attorneys funded ...
  • FBI Arrests 2 Over Secret Chinese Police Station in NYCFBI Arrests 2 Over Secret Chinese Police Station in NYC
    By Andrew Thornebrooke and Eva Fu NEW YORK—The FBI arrested two people on April 17 on charges of operating a secret police station in New ...
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