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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

  • Group sends hundreds of thousands of ‘potentially misleading’ ballot applicationsGroup sends hundreds of thousands of 'potentially misleading' ballot applications
    By Morgan Phillips | Fox News The mailings contain legitimate ballot applications but appear to be from a government source. A voter registration group is sending hundreds of ...
  • Biden walks back African American ‘diversity’ remarks, lauds community’s ‘diversity of thought’Biden walks back African American 'diversity' remarks, lauds community's 'diversity of thought'
    By Joseph A. Wulfsohn | Fox News ‘In no way did I mean to suggest the African American community is a monolith,’ ex-VP says. Presumptive Democratic presidential nominee Joe Biden attempted ...
  • Trump claims Biden ‘no longer worthy of the Black Vote’ in wake of diversity commentTrump claims Biden 'no longer worthy of the Black Vote' in wake of diversity comment
    By Brooke Singman | Fox News ‘Sleepy Joe Biden just lost the Black Vote,’ Trump first said in a now-deleted tweet. President Trump on Friday said his presumptive ...
  • NRA fights back, files its own suit against NY attorney general seeking to disband organizationNRA fights back, files its own suit against NY attorney general seeking to disband organization
    By Stephanie Pagones | Fox News President Trump slammed AG Letitia James’ suit against the group, calling it ‘a very terrible thing’. The National Rifle Association is fighting back against ...
  • Washington Post issues major correction after botching Trump-Twitter postWashington Post issues major correction after botching Trump-Twitter post
    By Joseph A. Wulfsohn | Fox News The Washington Post sparked massive confusion Wednesday evening after erroneously reporting that President Trump was banned from tweeting because of a claim he ...
  • Cities go to extremes with quarantine crackdowns: Checkpoints, power shutoffs, steep finesCities go to extremes with quarantine crackdowns: Checkpoints, power shutoffs, steep fines
    By Tyler Olson | Fox News Some travelers will be stopped in NYC. The interstate in Chicago has signs warning about quarantine requirements. With the daily number of coronavirus cases ...
  • Pelosi blasts Trump for saying he may deliver convention speech from White House: ‘He can’t do that’Pelosi blasts Trump for saying he may deliver convention speech from White House: 'He can't do that'
    By Megan Henney | Fox News She questioned whether the move was ‘legally wrong’ or ‘ethically out of the question’. House Speaker Nancy Pelosi slammed President Trump for suggesting that ...
  • Trump downplays Republican concerns about giving nomination acceptance at White House: ‘It is legal, there is no Hatch Act’Trump downplays Republican concerns about giving nomination acceptance at White House: 'It is legal, there is no Hatch Act'
    By Morgan Phillips | Fox News President Trump played down fears from a Republican senator that him giving his speech accepting the Republican nomination from the White House ...
  • Trump rips athletes kneeling for anthem, calls Black Lives Matter a ‘Marxist group’Trump rips athletes kneeling for anthem, calls Black Lives Matter a 'Marxist group'
    By Joshua Nelson | Fox News ‘They’re not looking for good things for our country,’ he said. President Trump called Black Lives Matter a Marxist group on Wednesday, pushing ...
  • Carolyn Maloney declared winner in New York congressional race marred by mail-in ballot problemsCarolyn Maloney declared winner in New York congressional race marred by mail-in ballot problems
    By By Gregg Re | Fox News Trump had called for a do-over in the contest, calling it a ‘total disaster’. Election officials in New York finally declared winners late ...
  • DB Cooper case gets new clues in tiny algae found on ransom money, study saysDB Cooper case gets new clues in tiny algae found on ransom money, study says
    By Chris Ciaccia | Fox News In a cold case for nearly 50 years ago, a scientist has uncovered new clues in the D.B. Cooper case by ...
  • CNN’s Brian Stelter ridiculed for claiming ‘right-wing media tempest’ is behind push for Biden not to debate TrumpCNN's Brian Stelter ridiculed for claiming 'right-wing media tempest' is behind push for Biden not to debate Trump
    By Joseph A. Wulfsohn, Brian Flood | Fox News Suggestion Biden should not debate came in CNN, NYT op-eds. CNN media pundit Brian Stelter raised eyebrows On Monday night after he said ...
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