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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, 2020November 10, 2025
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

  • Conservative Virginia Counties Float Seceding to West VirginiaConservative Virginia Counties Float Seceding to West Virginia
    By Matthew Vadum A long-shot proposal for Virginia counties to secede and become part of neighboring West Virginia gained momentum after conservative leader and Liberty ...
  • White House Told Bolton That Manuscript Included Top Secret Classified InformationWhite House Told Bolton That Manuscript Included Top Secret Classified Information
    By Zachary Stieber The White House told former national security adviser John Bolton that his manuscript included “significant amounts of classified information,” according to a Jan. ...
  • Fed Keeps Interest Rates Unchanged Amid Concern for Below-Target InflationFed Keeps Interest Rates Unchanged Amid Concern for Below-Target Inflation
    By Tom Ozimek The Federal Reserve’s interest rate-setting body decided Wednesday to keep the benchmark Federal Funds target rate unchanged within the 1.5 to 1.75 percent range. Members ...
  • Election security in spotlight ahead of Georgia primary, amid tampering allegationsElection security in spotlight ahead of Georgia primary, amid tampering allegations
    By Jayla Whitfield | Fox News ATLANTA — Since 2017, Georgia has been in a legal battle over the integrity of its elections. In December, the plaintiffs in the battle, the ...
  • Trump, at packed New Jersey rally, hits congressional Dems amid impeachment fightTrump, at packed New Jersey rally, hits congressional Dems amid impeachment fight
    By Gregg Re | Fox News President Trump headlined a jam-packed rally in Wildwood, New Jersey, on Tuesday night, hours after his attorneys wrapped up their opening arguments in ...
  • Trump’s Attorneys Argue House Subpoenas for Financial Records May Not Be Used to Engage in Law EnforcementTrump’s Attorneys Argue House Subpoenas for Financial Records May Not Be Used to Engage in Law Enforcement
    By Janita Kan President Donald Trump’s attorneys urged the Supreme Court to block several subpoenas that would give the House and a New York investigation access ...
  • Massive crowds form for Trump’s New Jersey rally amid impeachment fightMassive crowds form for Trump's New Jersey rally amid impeachment fight
    By Judson Berger | Fox News Sprawling lines were forming overnight in the Jersey Shore destination of Wildwood in anticipation of President Trump’s campaign rally scheduled for late Tuesday, ...
  • Poll: Political Correctness Has Gone Too Far, Majority of Likely Voters SayPoll: Political Correctness Has Gone Too Far, Majority of Likely Voters Say
    By Petr Svab More than four out of five likely voters agree that political correctness has gone too far, a December poll shows. More than 57 ...
  • Florida Governor Introduces Replacement for Common Core School StandardsFlorida Governor Introduces Replacement for Common Core School Standards
    By Petr Svab Florida Gov. Ron DeSantis announced on Jan. 24 the creation of academic standards that will replace the previous standards, called Common Core. “When ...
  • Pompeo blasts ‘shameful’ NPR reporter, claims she broke agreement reached before interviewPompeo blasts 'shameful' NPR reporter, claims she broke agreement reached before interview
    By Brie Stimson | Fox News Secretary of State Mike Pompeo responded Saturday following media reports that said he scolded an NPR reporter after they sat for an interview — one that ...
  • Tennessee passes law allowing agencies to deny LGBTQ adoption applications because of religious objectionsTennessee passes law allowing agencies to deny LGBTQ adoption applications because of religious objections
    By Danielle Wallace | Fox News The governor of Tennessee signed a controversial law Friday that allows adoption agencies within the state to refuse to place children in homes that “violate ...
  • Instagram survey shows every state’s least favorite state, while NJ ‘hates everyone’Instagram survey shows every state's least favorite state, while NJ 'hates everyone'
    By Robert Gearty | Fox News Perhaps surprisingly, Florida’s least favorite state happens to be Florida, and perhaps not surprisingly New Jersey’s least favorite state is every other state. Those were the findings ...
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