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Category: Economy

The US Economy

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
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

Capital One slapped with $80M fine for 2019 data hack

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020

Posts pagination

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NATIONAL NEWS

  • Jill Biden’s ex-husband accuses her of affair with Joe Biden in 1970sJill Biden's ex-husband accuses her of affair with Joe Biden in 1970s
    By Ebony Bowden, Aaron Feis | New York Post Jill Biden’s ex-husband has accused the potential first lady of having an affair with Joe Biden and says they lied about how they ...
  • Manhunt underway for attacker in Portland truck assault: policeManhunt underway for attacker in Portland truck assault: police
    By Stephanie Pagones | Fox News Portland police on Tuesday identified a suspect in Sunday night’s attack on a truck driver who was seen on video being pulled from the ...
  • Trump: Susan B. Anthony to get posthumous pardonTrump: Susan B. Anthony to get posthumous pardon
    By Julia Musto | Fox News Anthony was arrested in 1872 for voting illegally and sentenced to pay a fine of $100 and court costs. President Trump announced Tuesday ...
  • Ted Cruz reacts to DNC opening night, says Dems ‘care more about the woke mob than … working men and women’Ted Cruz reacts to DNC opening night, says Dems 'care more about the woke mob than ... working men and women'
    By Angelica Stabile | Fox News Senator blasts Dems for ‘not saying a meaningful word about the riots’ in cities across US. The Democratic National Convention is making clear that ...
  • Michelle Obama’s DNC address fact-checked by AP over ‘distorted’ immigration talking pointMichelle Obama's DNC address fact-checked by AP over 'distorted' immigration talking point
    By Brian Flood | Fox News Children in ‘cages’ claim is misleading, AP says. The Associated Press fact-checked Michelle Obama’s Democratic National Convention speech after she condemned Trump for using ...
  • Trump hits back at Michelle Obama after searing DNC speech, says he ‘would not be here’ if not for her husbandTrump hits back at Michelle Obama after searing DNC speech, says he 'would not be here' if not for her husband
    By Brooke Singman | Fox News Trump’s tweets come after former first lady slammed the president during first night of the 2020 DNC. President Trump on Tuesday hit ...
  • CDC: New Mexico has highest rate for alcohol-related deathsCDC: New Mexico has highest rate for alcohol-related deaths
    By Associated Press New Mexico’s alcohol-related death rate was almost twice the U.S. rate. According to a recently published report by the federal Centers for Disease ...
  • Trump knocks Biden for not answering reporters’ questions: ‘He can’t come out of his basement’Trump knocks Biden for not answering reporters' questions: 'He can't come out of his basement'
    By Joshua Nelson | Fox News ‘This guy doesn’t come out of his basement, and he hasn’t taken one question,’ the president says. Presumptive Democratic presidential nominee Joe ...
  • South Dakota turns down extra $300-a-week unemployment benefits from Trump administrationSouth Dakota turns down extra $300-a-week unemployment benefits from Trump administration
    By Evie Fordham FOXBusiness ‘South Dakota’s economy, having never been shut down, has recovered nearly 80% of our job losses,’ governor says. South Dakota Gov. Kristi Noem ...
  • Robert Trump: brother of president Donald Trump dies aged 71Robert Trump: brother of president Donald Trump dies aged 71
    By The Guardian Donald Trump’s younger brother, Robert Trump, died on Saturday night aged 71 after being hospitalised in New York, the president said in ...
  • Group claims to have enough signatures to recall Oklahoma mayor who cut police fundingGroup claims to have enough signatures to recall Oklahoma mayor who cut police funding
    By Robert Gearty | Fox News Norman Mayor Breaa Clark, a Democrat,says she is focused on doing her job, not losing her job. A group that launched an effort ...
  • Democratic convention sees party unity mission: Keep ‘resistive’ Bernie Sanders supporters from blowing thisDemocratic convention sees party unity mission: Keep 'resistive' Bernie Sanders supporters from blowing this
    By Paul Steinhauser | Fox News Party wants to avoid replay of 2016 convention discord. For a party that endured a wide-open presidential primary with more than two-dozen candidates ranging from the ...
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