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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

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NATIONAL NEWS

  • Conservative group launches ‘DivestU’ to redirect donations away from liberal collegesConservative group launches ‘DivestU’ to redirect donations away from liberal colleges
    By Brooke Singman | Fox News Turning Point’s Charlie Kirk calls it their ‘most aggressive project yet to combact rampant Leftism at universities’. Conservative group Turning Point USA ...
  • 3 churches sue Newsom after California bans singing in places of worship because of coronavirus3 churches sue Newsom after California bans singing in places of worship because of coronavirus
    By Morgan Phillips | Fox News They claim a double standard because of Newsom’s support of protests. In the latest battle between Gov. Gavin Newsom and houses of worship over ...
  • DHS accuses mayor, officials of enabling ‘mob,’ posts timeline of damage by ‘violent anarchists’DHS accuses mayor, officials of enabling ‘mob,’ posts timeline of damage by ‘violent anarchists’
    By Adam Shaw | Fox News Local businesses have reported $23 million in losses. Acting Homeland Security Secretary Chad Wolf on Thursday accused Portland politicians of enabling the “mob” ...
  • There’s a Washington football bombshell coming and it’s not about the nameThere’s a Washington football bombshell coming and it’s not about the name
    By The New York Post A series of cryptic tweets has emerged, warning of an imminent bombshell set to shake the Redskins to its core. The ...
  • Biden leads in Pennsylvania but some point to ‘secret Trump’ voters: pollBiden leads in Pennsylvania but some point to ‘secret Trump’ voters: poll
    By Paul Steinhauser | Fox News Majority of those questioned believe their communities hold a number of ‘secret Trump’ voters. A new poll in the crucial general election battleground state ...
  • Cops stunned after finding decapitated body of tech CEO in NYC apartmentCops stunned after finding decapitated body of tech CEO in NYC apartment
    By Joe Marino, Jason Beeferman, Larry Celona, Jorge Fitz-Gibbon | New York Post The body of a decapitated, dismembered tech CEO was found inside a Lower East Side apartment on Tuesday afternoon — sorted ...
  • Portland protesters create own ‘autonomous zone’ by pitching tents, rebuilding barricades removed by policePortland protesters create own 'autonomous zone' by pitching tents, rebuilding barricades removed by police
    By Danielle Wallace | Fox News Demonstrators engaged ‘in an attempt to disrupt officers as they walked in from the end of their shift’. Portland protesters early Wednesday began to ...
  • CNN, MSNBC avoid on-air coverage of Bari Weiss’ dramatic exit from The New York TimesCNN, MSNBC avoid on-air coverage of Bari Weiss' dramatic exit from The New York Times
    By Joseph A. Wulfsohn | Fox News Her scathing resignation letter shook the media landscape on Tuesday. Bari Weiss shook the media landscape on Tuesday with her scathing letter announcing ...
  • CNN’s Jim Acosta, Anderson Cooper called out for partisan commentary after Trump’s Rose Garden remarks: ‘Sad resistance performance art’CNN's Jim Acosta, Anderson Cooper called out for partisan commentary after Trump's Rose Garden remarks: 'Sad resistance performance art'
    By Brian Flood | Fox News Critic called it ‘sophomoric commentary masquerading as journalism’. CNN appeared particularly peeved that President Trump veered off-script Tuesday by attacking presumptive Democratic presidential nominee Joe Biden in the Rose ...
  • Ghislaine Maxwell secretly married but won’t reveal husband’s name, prosecutors sayGhislaine Maxwell secretly married but won't reveal husband's name, prosecutors say
    By The New York Post The bombshell detail was divulged as prosecutors accused her of purposely hiding her wealth. Ghislaine Maxwell is secretly married — and refusing ...
  • St. Louis homeowner who faced down protesters with rifle believes Trump intervened to protect his communitySt. Louis homeowner who faced down protesters with rifle believes Trump intervened to protect his community
    By Yael Halon | Fox News ‘I think we got help from the very top,’ Mark McCloskey told Sean Hannity. Missouri attorney Mark McCloskey, who along with his wife Patricia brandished legally ...
  • Portland’s unrest continues for six straight weeks with no apparent end in sightPortland's unrest continues for six straight weeks with no apparent end in sight
    By Danielle Wallace | Fox News Portland has been more than $23 million in losses due to looting and rioting. The death of George Floyd triggered a wave of protests and ...
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