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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

  • Jeffrey Epstein Documents, With Names of Associates, Set to be Made PublicJeffrey Epstein Documents, With Names of Associates, Set to be Made Public
    By Zachary Stieber Documents disclosing the names of Jeffrey Epstein employees and other alleged associates are set to become public in the coming months, after ...
  • Pentagon Declines to Answer If It Shot Down $12 Balloon With $400,000 MissilePentagon Declines to Answer If It Shot Down $12 Balloon With $400,000 Missile
    By Andrew Thornebrooke The Pentagon is stonewalling inquiries as to whether one of the unidentified objects it shot down off the coast of Alaska earlier this month ...
  • Biden Requiring Federal Agencies to Form ‘Equity Action Teams,’ Deliver ‘Annual Equity’ PlansBiden Requiring Federal Agencies to Form ‘Equity Action Teams,’ Deliver ‘Annual Equity’ Plans
    By Lawrence Wilson President Joe Biden has ordered federal agencies to ensure delivery of equitable outcomes for all Americans, particularly people of color, women, LGBT ...
  • California Exodus Continues: 700,000 More Left Than Moved in Over 2 Years, US Census ShowsCalifornia Exodus Continues: 700,000 More Left Than Moved in Over 2 Years, US Census Shows
    By Jamie Joseph California continues to grapple with the harsh reality of an ongoing migration crisis with its net migration—the difference between people moving in and ...
  • Trump to Visit Ohio Train Derailment Site Because Washington ‘Leaders’ Are ‘Too Afraid’Trump to Visit Ohio Train Derailment Site Because Washington ‘Leaders’ Are ‘Too Afraid’
    By Tom Ozimek Former president Donald Trump will visit East Palestine, Ohio next week, according to his son, who said that if leaders in Washington ...
  • Suspected Chinese Military Officer Arrested in Florida Over Forgery ChargesSuspected Chinese Military Officer Arrested in Florida Over Forgery Charges
    By Eva Fu A Chinese national suspected of holding the rank of lieutenant colonel in the Chinese air force has been arrested for his involvement ...
  • House Speaker Kevin McCarthy Blasts Biden Administration Over Illegal Immigration, Fentanyl CrisesHouse Speaker Kevin McCarthy Blasts Biden Administration Over Illegal Immigration, Fentanyl Crises
    By Allan Stein HEREFORD, Ariz.—House Speaker Kevin McCarthy (R-Calif.) said the Biden administration must be held accountable for allowing a worsening fentanyl crisis that is ...
  • US Says Government, Not Moderna, Should Face COVID-19 Vaccine LawsuitUS Says Government, Not Moderna, Should Face COVID-19 Vaccine Lawsuit
    By Zachary Stieber The U.S. government is asserting that it, not Moderna, should face a lawsuit that alleges the company committed patent infringement with its COVID-19 vaccine. The ...
  • Social Security Set to Run Short of Funds Earlier Than Expected: CBO DirectorSocial Security Set to Run Short of Funds Earlier Than Expected: CBO Director
    By Jack Phillips The head of the Congressional Budget Office, Phillip Swagel, said this week that Social Security funds may start running out by 2032, or a ...
  • US Air Force Grounds Fleet of Planes Because Their Tails Could Fall Off Mid-AirUS Air Force Grounds Fleet of Planes Because Their Tails Could Fall Off Mid-Air
    By Jack Phillips The Air Force has grounded hundreds of KC-135 refueling planes until they are inspected for a potentially faulty part in the tail section, officials ...
  • Inaugurated ‘fraudulently’: Supremes to look again at 2020 election claimsInaugurated 'fraudulently': Supremes to look again at 2020 election claims
    By Bob Unruh The U.S. Supreme Court has decided to take another look at 2020 election-fraud claims, and it will only take four votes for ...
  • The Case for Risking Default on the DebtThe Case for Risking Default on the Debt
    By Jeffrey A. Tucker Commentary The same old game is starting all over again. The big spenders in Congress and the administrative state are demanding an increase in ...
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