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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

  • Officers clear protesters from outside White House, as ‘Defund the Police’ graffiti removedOfficers clear protesters from outside White House, as ‘Defund the Police’ graffiti removed
    By Gillian Turner, Brooke Singman | Fox News Law enforcement officers cleared protesters Tuesday from outside the White House following a clash the night before, pushing them beyond ...
  • Hackers just leaked sensitive files from over 200 police departments that are searchable by badge numberHackers just leaked sensitive files from over 200 police departments that are searchable by badge number
    By Aaron Holmes A hacktivist group on Friday published hundreds of gigabytes’ worth of potentially sensitive files from police departments across the US in the ...
  • Trump urges AOC to run against Schumer, says she’d winTrump urges AOC to run against Schumer, says she’d win
    By Edmund DeMarche | Fox News President Trump urged Rep. Alexandria Ocasio-Cortez, D-N.Y., to run against the state’s longtime Sen. Chuck Schumer in the 2022 primary in November, saying ...
  • Sarah Sanders slams Bolton as man ‘drunk on power,’ in her forthcoming bookSarah Sanders slams Bolton as man 'drunk on power,' in her forthcoming book
    By Brooke Singman | Fox News Former White House Press Secretary Sarah Sanders slams former National Security Adviser John Bolton as a man “drunk on power” in her forthcoming book ...
  • Owner of Ohio store ransacked by rioters says she’s receiving threats for cooperating with policeOwner of Ohio store ransacked by rioters says she's receiving threats for cooperating with police
    By Talia Kaplan | Fox News An Ohio business owner told “Fox & Friends” on Monday that she is receiving threats for cooperating with law enforcement officials investigating the looting of her ...
  • Trump campaign rejects claims that TikTok, K-Pop fans sabotaged rally: ‘Don’t know what they’re talking about’Trump campaign rejects claims that TikTok, K-Pop fans sabotaged rally: 'Don't know what they're talking about'
    By Gregg Re | Fox News After top Democrats gloated that teenage activists had sabotaged turnout at President Trump’s Tulsa, Okla., rally on Saturday, the Trump campaign fired back within hours, saying that media ...
  • Biden campaign adviser weighs in on why former VP hasn’t held news conference in nearly three monthsBiden campaign adviser weighs in on why former VP hasn't held news conference in nearly three months
    By Ronn Blitzer | Fox News Former Vice President Joe Biden’s senior campaign adviser Symone Sanders dodged a question of why the presumptive Democratic presidential nominee has not ...
  • Trump prepares for first campaign rally in months in Tulsa amid concerns about coronavirus, violenceTrump prepares for first campaign rally in months in Tulsa amid concerns about coronavirus, violence
    By Adam Shaw | Fox News President Trump on Saturday will head to Tulsa, Oklahoma to address what is likely to be a packed rally of supporters — despite ...
  • Oklahoma Supreme Court allows Trump rally to proceed as planned, as president says Tulsa curfew being liftedOklahoma Supreme Court allows Trump rally to proceed as planned, as president says Tulsa curfew being lifted
    By Adam Shaw | Fox News The Oklahoma Supreme Court on Friday ruled that President Trump’s upcoming rally in Tulsa can go ahead as planned despite concerns about coronavirus ...
  • Pompeo blasts Bolton’s book as ‘spreading a number of lies,’ calls him a ‘traitor’: ‘I was in the room too’Pompeo blasts Bolton's book as 'spreading a number of lies,' calls him a 'traitor': 'I was in the room too'
    By Michael Ruiz | Fox News Secretary of State Mike Pompeo dove into the controversy surrounding former national security adviser John Bolton’s new book, “The Room Where it Happened,” Thursday ...
  • Cotton blasts Roberts over DACA, invites him to resign, run for officeCotton blasts Roberts over DACA, invites him to resign, run for office
    By Edmund DeMarche | Fox News Sen. Tom Cotton, R-Ark., said Thursday that Supreme Court Chief Justice John Roberts should resign from his position and run for office ...
  • Trey Gowdy slams Bolton book: ‘For $29.95, he’s going to save you from this existential threat’Trey Gowdy slams Bolton book: 'For $29.95, he's going to save you from this existential threat'
    By Yael Halon | Fox News Fox News contributor Trey Gowdy reacted to John Bolton’s allegations in his upcoming book regarding President Trump’s fitness for office by asking the former national security adviser: “If ...
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