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Category: Economy

The US Economy

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
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

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NATIONAL NEWS

  • Trump Not Resigning, Will ‘Not Leave the Public Stage at All:’ GaetzTrump Not Resigning, Will ‘Not Leave the Public Stage at All:’ Gaetz
    By Zachary Stieber President Donald Trump has no plans to resign and remains the most powerful, most influential Republican, Rep. Matt Gaetz (R-Fla.) said late Sunday. “I spoke with ...
  • Democrats Cannot Impeach Trump, and You Can’t Impeach Him After Leaving Office: DershowitzDemocrats Cannot Impeach Trump, and You Can’t Impeach Him After Leaving Office: Dershowitz
    By Jack Phillips Harvard Law professor emeritus Alan Dershowitz said Democrats have virtually no chance of successfully impeaching and removing President Donald Trump before Inauguration Day on Jan. 20. “The ...
  • Graham Says He Is ‘More Determined’ to Roll Back Protections for Big Tech After Twitter Bans TrumpGraham Says He Is ‘More Determined’ to Roll Back Protections for Big Tech After Twitter Bans Trump
    By Janita Kan Sen. Lindsey Graham (R-S.C.) said on Saturday that he was “more determined” to rollback liability protections for big tech companies after Twitter ...
  • Trump Orders Flags to Half-Staff to Honor Capitol Police Officers, Law EnforcementTrump Orders Flags to Half-Staff to Honor Capitol Police Officers, Law Enforcement
    By Ivan Pentchoukov President Donald Trump ordered U.S. flags across the nation and abroad to be flown at half-staff until Jan. 13 in honor of ...
  • Secretary Carson: Haven’t Talked About Using 25th AmendmentSecretary Carson: Haven’t Talked About Using 25th Amendment
    By Zachary Stieber One of President Donald Trump’s longest-tenured Cabinet members on Friday said he has not spoken with anybody about using the 25th Amendment to remove ...
  • Nikki Haley Likens Trump Twitter Ban to Act of Chinese Communist PartyNikki Haley Likens Trump Twitter Ban to Act of Chinese Communist Party
    By Zachary Stieber Social media companies banning President Donald Trump is something the Chinese Communist Party would do, former United Nations Ambassador Nikki Haley said Friday. “Silencing people, ...
  • Pompeo Calls Twitter’s Ban on Trump ‘Un-American,’ Compares It to Chinese Communist CensorshipPompeo Calls Twitter’s Ban on Trump ‘Un-American,’ Compares It to Chinese Communist Censorship
    By Eva Fu Twitter’s decision to permanently ban President Donald Trump is “un-American” and parallels censorship under communist China, Secretary of State Mike Pompeo said on Jan. ...
  • Man Who Posed for Photos at Desk in Pelosi’s Office ArrestedMan Who Posed for Photos at Desk in Pelosi’s Office Arrested
    By Emel Akan WASHINGTON, DC — A man photographed sitting at House Speaker Nancy Pelosi’s desk during the D.C protests on Wednesday has been arrested and faces multiple charges, ...
  • Video: Trump Supporters Stop ‘Antifa’ From Breaking Into CapitolVideo: Trump Supporters Stop ‘Antifa’ From Breaking Into Capitol
    By Grace Coulter There’s been much controversy over who exactly forcefully entered the Capitol building during Wednesday’s protest. They’ve been labeled solely as Trump supporters by most ...
  • Hawley Plans Lawsuit After Simon & Schuster Cancels Publication of His BookHawley Plans Lawsuit After Simon & Schuster Cancels Publication of His Book
    By Zachary Stieber Sen. Josh Hawley (R-Mo.) said Thursday he plans to sue Simon & Schuster after the publishing company canceled a contract for his book. Calling the ...
  • Trump Says He Won’t Attend Biden’s InaugurationTrump Says He Won’t Attend Biden’s Inauguration
    By Ivan Pentchoukov President Donald Trump said on Jan. 8 that he will not attend the inauguration of President-elect Joe Biden. “To all of those who ...
  • US Capitol Police Investigating Killing of Ashli Babbitt; Family Speaks OutUS Capitol Police Investigating Killing of Ashli Babbitt; Family Speaks Out
    By Jack Phillips The U.S. Capitol Police is investigating the killing of a woman who entered the U.S. Capitol building on Jan. 6 during a ...
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