Trump administration negotiators are heading back to the Capitol for last-ditch talks on vital COVID-19 rescue money.
Treasury Secretary Steven Mnuchin rejected an offer from Democratic leaders for a roughly $2 trillion coronavirus relief package amid growing concerns that negotiations between the two parties are on the brink of collapsing.
The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.
The IRS will begin rectifying economic impact payment amounts for individuals who may not have received all that they were eligible for – and households can expect to receive the extra cash within the coming weeks.
After more than a week's worth of meetings, at least some clarity is coming to bipartisan Washington talks on a huge COVID-19 response bill.
Around the country, across industries and occupations, millions of Americans thrown out of work because of the coronavirus are straining to afford the basics now that an extra $600 a week in federal unemployment benefits has expired.
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
Ali Siverhus posted a photo of a signed receipt she received from a customer she waited on who gave her a 5-cent tip and a note that read “get rid of masks, tips will be bigger.”
Housing advocates fear that they could see a wave of evictions in the coming months, as states end moratoriums put in place during the coronavirus pandemic.
Negotiations on a huge COVID-19 relief bill are set to resume, but the path forward promises to be challenging.
Eligible residents will receive $500 in monthly "guaranteed income."
Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic.
Lowe's said the total amount it is spending on this round of bonuses is about $100 million, pushing its total investment in coronavirus relief funding for associates to approximately $500 million.
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
Closures include 450 locations in Speedway gas stations that had previously been announced
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.
“We want to do what’s best for the people,” President Trump said at the White House.
The framework is expected to extend — but reduce substantially — just-expired expanded unemployment benefits, send a fresh round of $1,200 stimulus check to American adults earning less than $75,000 in August and funnel tens of billions of dollars in aid to schools and universities.
The $600 weekly boost in jobless aid that millions of people have received since early in the pandemic is set to expire.
In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.