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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

  • Loudoun County Superintendent Appears to Admit District Violated State Law by Not Reporting Sexual AssaultLoudoun County Superintendent Appears to Admit District Violated State Law by Not Reporting Sexual Assault
    By Zachary Stieber The superintendent of a Virginia school district on Friday appeared to admit the district violated state law in failing to properly report alleged sexual ...
  • Win for Virginia Parents After Loudon County School Board Member Announces ResignationWin for Virginia Parents After Loudon County School Board Member Announces Resignation
    By Jack Phillips Embattled Loudoun County, Virginia, School Board member Beth Barts, who was the subject of a recall petition, announced Friday that she will ...
  • GOP Congress Members Demand Answers From DOJ about Parents’ Free Speech RightsGOP Congress Members Demand Answers From DOJ about Parents’ Free Speech Rights
    By Masooma Haq House Judiciary Committee Republicans sent a letter to Attorney General Merrick Garland demanding an ethics review and public report regarding the AG’s ...
  • Unemployment Claims Fall to Lowest Level Since Beginning of COVID-19 Pandemic Last YearUnemployment Claims Fall to Lowest Level Since Beginning of COVID-19 Pandemic Last Year
    By Jack Phillips Initial jobless claims dropped below 300,000 for the first time since the first part of the COVID-19 pandemic when lockdowns were commonplace, according to ...
  • Arkansas Governor Allows Bill Requiring Vaccine Opt-Outs to Become LawArkansas Governor Allows Bill Requiring Vaccine Opt-Outs to Become Law
    By Ivan Pentchoukov Arkansas Gov. Asa Hutchinson on Oct. 13 allowed a new law to go into effect that will allow employees to opt-out of vaccine ...
  • Social Security Announces Largest Benefits Increase Since 1982Social Security Announces Largest Benefits Increase Since 1982
    By Joseph Lord As inflation continues to climb, the Social Security Administration (SSA) has announced that social security recipients will see a 5.9 percent increase in their ...
  • FAA Dismisses Claims Weekend Flight Cancellations Were Related to Vaccine MandatesFAA Dismisses Claims Weekend Flight Cancellations Were Related to Vaccine Mandates
    By Christopher Burroughs The Federal Aviation Administration (FAA) announced the numerous flight cancellations at Southwest Airlines and other airlines over the weekend were not related to vaccine ...
  • Republicans Warn Biden’s IRS $600 Disclosure Plan Could Lead to ‘Surveillance State’Republicans Warn Biden’s IRS $600 Disclosure Plan Could Lead to ‘Surveillance State’
    By Masooma Haq Republicans are sounding the alarm over a proposal tucked inside the Democrats’ 2,500-page $3.5 trillion Build Back Better Act that would expand the ...
  • Texas Governor Issues Executive Order Banning Vaccine Mandates by Any EntityTexas Governor Issues Executive Order Banning Vaccine Mandates by Any Entity
    By Mimi Nguyen Ly Texas Gov. Greg Abbott on Monday issued an executive order that bans vaccine mandates by any entity, including private employers, in the ...
  • Oregon Senators Call for Investigation Into Alleged COVID-19 Statistical ManipulationOregon Senators Call for Investigation Into Alleged COVID-19 Statistical Manipulation
    By Tammy Hung Oregon state Sens. Kim Thatcher and Dennis Linthicum, both Republicans, have petitioned Acting U.S. Attorney Scott E. Asphaug to launch a grand jury investigation into ...
  • NYC’s Unvaccinated Teachers Need to Waive Right to Sue for 1 Year of Health BenefitsNYC’s Unvaccinated Teachers Need to Waive Right to Sue for 1 Year of Health Benefits
    By Petr Svab Aside from being put on unpaid leave, New York City teachers who’ve declined to get the COVID-19 vaccine won’t be allowed to keep their ...
  • Georgia Official Urges DOJ to Investigate Fulton Voter After Two Fired for Allegedly Shredding Voting ApplicationsGeorgia Official Urges DOJ to Investigate Fulton Voter After Two Fired for Allegedly Shredding Voting Applications
    By Zachary Stieber Georgia Secretary of State Brad Raffensperger on Monday called on the U.S. Department of Justice to investigate Fulton County after the county fired two workers ...
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