No end in sight, Congress confronts new virus crisis rescue
WASHINGTON — It stands as the biggest economic rescue in U.S. history, the $2.2 trillion coronavirus relief bill swiftly approved by Congress in the spring. And it’s painfully clear now,…
UK economic bounceback in May far slower than anticipated
The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country’s deepest recessions in centuries…
US budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into…
US envoy forges ahead with troubled Taliban peace deal
Washington’s envoy to Afghanistan emphasized the economic benefits of the peace deal with the Taliban, forging ahead with an agreement that has run into new political obstacles in the U.S.…
Coronavirus deaths rising fast in Europe and US – BBC News
Coronavirus is claiming more lives across Europe and in the United States. Italy is seeing the fastest rise in deaths since the beginning of the outbreak, almost … source
Another 1.5 million US workers file for unemployment insurance
New jobless claims have been in the millions each week for over three months. June 25, 2020, 1:01 PM 3 min read 3 min read Share to FacebookShare to TwitterEmail…
Despite surge warning from top health officials, Trump repeats coronavirus ‘going away,’ uses racist description
Dr. Anthony Fauci said the next two weeks are critical in containing the surge. June 24, 2020, 3:06 PM 7 min read 7 min read Share to FacebookShare to TwitterEmail…
Report: State, local aid needed to avert 4 million layoffs
WASHINGTON — A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and…
Existing home sale plunge 9.7% in 3rd straight monthly drop
US existing home sales plunged 9.7% in May By MARTIN CRUTSINGER AP Economics Writer June 22, 2020, 2:16 PM 1 min read 1 min read Share to FacebookShare to TwitterEmail…
Treasury chief refusing to disclose recipients of virus aid
WASHINGTON — Building ramparts of secrecy around a $600 billion-plus coronavirus aid program for small businesses, Treasury Secretary Steven Mnuchin has moved from delay to denial in refusing outright to…