coronavirus economic impact

Democrats Propose Permanently Boosting Unemployment Benefits

Democrats Propose Permanently Boosting Unemployment Benefits

Senators Ron Wyden (D-Ore.) and Michael Bennet (D-Colo.) have announced legislation that would set minimum federal standards for unemployment benefits…

3 years ago

House Moving Toward Final Approval of Covid-19 Bill

The House of Representatives is moving toward final approval of the Covid-19 stimulus package in what would mark President Joe…

3 years ago

Biden Continues to Get High Marks, According to New Poll

President Joe Biden continues to get high marks overall, according to a special online edition of the CNBC All-America Economic Survey,…

3 years ago

Democrats Push Biden to Support $2000 Stimulus Checks

Democrats are pushing President Joe Biden to support $2,000 monthly stimulus payments, what they say would amount to a vital…

3 years ago

Biden to Sign Two Executive Orders on Covid-19 Economic Relief

President Joe Biden will sign two executive orders on Covid-19 relief that aim to provide vital economic relief to Americans…

3 years ago

Unemployment Claims Spike Again in the Final Weeks of Trump Term

Unemployment claims have spiked again. The Department of Labor (DOL) reports that unemployment claims in the first full week of…

3 years ago

Labor Department Ensures Americans Unemployment Benefits Won’t Lapse Despite Trump Signing Delay

The Department of Labor (DOL) says unemployment benefits won't lapse despite President Donald Trump's delay in signing a new Covid-19…

3 years ago

Steve Mnuchin Confirms Stimulus Checks Will Go Out Next Week

United States Treasury Secretary Steven Mnuchin has confirmed that Americans could see $600 stimulus checks as soon as next week.…

3 years ago

Report: U.S. Economy Only Added 245,000 Jobs in November as Lawmakers Continue Work on Stimulus Deal

The Bureau of Labor Statistics reported this morning that the United States economy added just 245,000 jobs in November on…

3 years ago

76 U.S. Mayors Endorse Biden and Harris, Renew Calls for Covid Relief for Small Businesses

A group of 76 United States mayors has endorsed Joe Biden and Kamala Harris in an open letter that also…

4 years ago

Study: 8 Million More Americans Are in Poverty After Stimulus Talks Collapsed

A Columbia University study found that eight million more Americans are in poverty after coronavirus relief stimulus talks collapsed, a…

4 years ago

Trump Says He’s Considering a Larger Coronavirus Relief Package

Negotiations over more coronavirus relief legislation have largely faltered, and President Donald Trump says he's considering a larger relief package,…

4 years ago

Ted Cruz: Election Could Be “A Bloodbath of Watergate Proportions” for Republicans

Senator Ted Cruz (R-Texas) warned that the upcoming election could be "a bloodbath of Watergate proportions" for the GOP if…

4 years ago

Trump Says Coronavirus Relief Talks Have Restarted, Just Days After He Ended Negotiations

President Donald Trump says coronavirus aid talks have restarted, just days after he shocked financial markets by announcing he'd ordered…

4 years ago

Trump Calls on Pelosi and Appears to Reverse Course on Stimulus in Early Morning Tweet

President Donald Trump, who yesterday announced he had instructed Republicans not to negotiate a coronavirus financial stimulus package until after…

4 years ago

Republican Massachusetts Governor Slams Senate’s Attempts to Confirm SCOTUS Nominee While Delaying Virus Relief

Massachusetts Governor Charlie Baker (R) rebuked the Senate's attempts to confirm a nominee to replace the late Justice Ruth Bader…

4 years ago

Biden Endorsed by Group of Nobel Prize-Winning Economists

A group of 13 Nobel Prize-winning economists has announced their endorsement of Democrat Joe Biden in November's general election. The…

4 years ago

Wall Street: Chances Of Congressional Stimulus Are “Effectively Zero”

Wall Street analysts say the chances of Congress approving a federal stimulus package are "effectively zero" now that the conversation…

4 years ago

Trump Calls Dems “Heartless” Despite Senate’s Refusal to Vote on Dem Coronavirus Relief Proposal

President Donald Trump called Democrats "heartless" and accused them of blocking vital coronavirus relief as the pandemic continues to wreak…

4 years ago

Coronavirus Pandemic Caused Trump’s Net Worth to Drop $600 Million in Last Year

The novel coronavirus caused President Donald Trump's net worth to drop $600 million in the last year, Forbes reported, placing him…

4 years ago

Trump Attacks Democrats, Claiming They’ll End Economic Shutdowns After Election

President Donald Trump took to Twitter this morning to attack Democrats, claiming that economic shutdowns to slow the spread of…

4 years ago

Trump Boasts About Jobs Numbers Despite High Unemployment and Lack of Virus Relief

President Donald Trump boasted about the latest report from the Bureau of Labor Statistics (BLS) that found employers added 1.4…

4 years ago

Unemployment Continues to Rise After Another 1 Million Filed for Benefits Last Week

According to the latest data released by the Department of Labor (DOL), another 1 million American workers filed for first-time…

4 years ago

Over 1 Million Unemployment Claims Filed Last Week with No Relief in Sight

Over one million unemployment claims were filed last week, according to new data from the Department of Labor (DOL), rising…

4 years ago

Trump’s Net Worth Has Dropped $300 Million in One Year as the Pandemic Hurts His Businesses

President Donald Trump's personal net worth has dropped $300 million in one year as the coronavirus pandemic hurts his businesses,…

4 years ago

Trump Claims There Will Be Economic “Disaster” If Biden Wins Election

President Donald Trump claimed that the United States will experience an economic "disaster" if Democrat Joe Biden wins this year's…

4 years ago

“Mitch Better Have My Money”: Kentucky Voters Angry at McConnell’s Response to Economic Crisis

Kentucky voters are angry at Senate Majority Leader Mitch McConnell's response to the economic crisis wrought by the coronavirus pandemic.…

4 years ago

Pelosi Rebukes Republicans for Delaying Vital Financial Relief

House Speaker Nancy Pelosi (D-Calif.) took Republicans to task for delaying vital financial relief to everyone affected by the coronavirus…

4 years ago

Majority of Swing State Voters Want Enhanced Unemployment Benefits to Be Extended Despite GOP Complaints

62 percent of voters in the battleground states of Arizona, Florida, Michigan, North Carolina, Pennsylvania, and Wisconsin believe enhanced unemployment…

4 years ago

1.4 Million More File for Unemployment in First Increase Since March as Benefits Due to Expire

The latest data from the United States Department of Labor (DOL) shows that 1.4 million more Americans have filed for…

4 years ago

Nearly 40 Million Americans Are Now Unemployed As a Result of the Coronavirus Pandemic

According to new data from the Department of Labor, another 2.44 million Americans filed for initial unemployment benefits last week…

4 years ago

Trump Allies Recruiting “Extremely Pro-Trump” Doctors to Advocate Reopening Economy

According to an Associated Press report, President Donald Trump's allies are recruiting “extremely pro-Trump” doctors to go on television and…

4 years ago

Orlando Sentinel Criticizes DeSantis After He Blames the Unemployed for State’s Failure to Pay Benefits

The Orlando Sentinel's editorial board criticized Florida Governor Ron DeSantis after he blamed the high number of unemployed people for the…

4 years ago

Biden Calls for Inspector General to Investigate Coronavirus Stimulus Loans Given to Large Companies

Presumptive Democratic nominee Joe Biden has called for an inspector general to investigate coronavirus stimulus loans given to large companies…

4 years ago

Biden: Trump’s Coronavirus Response Amounts to “Deflecting Blame and Dividing Americans”

In an op-ed for The Washington Post, presumptive Democratic nominee Joe Biden wrote that President Donald Trump's response to the coronavirus…

4 years ago

Fox News Analyst: Trump’s “Failure of Leadership” Allowed Coronavirus “To Do Greater Damage” To Economy

Writing in an op-ed for The Hill, journalist and Fox News political analyst Juan Williams says President Donald Trump's "failure…

4 years ago

Seth Meyers Says Trump is “Incapable of Empathy” and Will Let Americans Die to Reopen the Economy

Late Night host Seth Meyers slammed President Donald Trump over his insistence that the national economy reopen and his push…

4 years ago

Four GOP Senators Push for Trump to Suspend Visas “During Recovery from the Coronavirus Pandemic”

Senators  Ted Cruz (R-Texas), Tom Cotton (R-Ark.), Chuck Grassley (R-Iowa) and Josh Hawley (R-Mo.) wrote a letter to President Donald Trump suggesting he suspend visas for…

4 years ago

The Trump Administration Shelved the CDC’s Guide to Reopening the National Economy

An exclusive report from The Associated Press reveals that President Donald Trump's administration shelved a 17-page report by a Centers…

4 years ago

Texas Governor Admitted Reopening Economy Would Spread Coronavirus During Private Call with Lawmakers

Texas Governor Greg Abbott (R) admitted during a private call with lawmakers that reopening the economy would spread the coronavirus…

4 years ago

Bailing Out Blue States Because of Coronavirus Would Be “Unfair” to Republicans, Says Trump

President Donald Trump said Democrat-run states facing financial strain because of the coronavirus pandemic shouldn't expect to be bailed out…

4 years ago

U.S. Economy Shrinks 4.8 Percent in the First Quarter of 2020

According to data released by the Department of Commerce, the United States economy shrunk 4.8 percent in the first quarter…

4 years ago

NY, NJ Govs. Slam McConnell for Suggesting States Should Declare Bankruptcy

Democratic Governors Andrew Cuomo (N.Y.) and Phil Murphy (N.J.) criticized Senate Majority Leader Mitch McConnell (R-Ky.) for suggesting that states…

4 years ago

Stacey Abrams: Brian Kemp’s Decision to Open Georgia’s Economy Has “No Logic”

Stacey Abrams, the former Georgia gubernatorial candidate who lost to Governor Brian Kemp (R) following a contentious election riddled with…

4 years ago

Trump’s “Great” Economy Takes Another Hit as Unemployment Claims Hit 26 Million

The Department of Labor announced that unemployment claims in the United States have continued to spike, with 4.4 million new…

4 years ago

Trump Consults Faith Leaders on Restarting In-Person Worship

The Associated Press reports that President Donald Trump is consulting faith leaders on "a phased-in return to broader in-person worship"…

4 years ago

Adam Schiff: Trump’s Power Isn’t Absolute “But His Incompetence Is”

Representative Adam Schiff (D-Calif.) took President Donald Trump to task for his assertion that the economy would reopen soon amid…

4 years ago

Poll: More Than 40 Percent of Americans Report Economic Struggle Amid Pandemic

The latest Monmouth University survey has found that 41 percent of Americans are experiencing economic hardships, saying they've lost income…

4 years ago

Critics Slam Trump’s Plan for an “Opening Our Country Council” to Reopen The Economy

Earlier today, President Donald Trump announced he would champion" a new “Opening Our Country Council" and name someone to chair…

4 years ago

Unemployment Claims Spike to More Than 16 Million, Imperiling Trump’s Economic Plans

According to new data released by the Labor Department, 6.6 million additional Americans have filed for unemployment, bringing the number…

4 years ago

Rush Limbaugh Claims Stay-at-Home Orders Are Destroying Economy “Under Guise” of Saving Lives

Conservative radio host Rush Limbaugh claimed stay-at-home orders come at the expense of wrecking the economy in a monologue on…

4 years ago

Biden Says Trump’s Goal to Reopen the Economy by Easter Could Be “Catastrophic”

Democratic presidential contender Joe Biden has come out against President Donald Trump's proposal to have the economy up and running…

4 years ago

In Open Letter, 32 Prominent Economists Say Saving Lives Would Save The Economy Trump Is Trying to Reopen

President Donald Trump's controversial assurance that the national economy would be up and running again by Easter has received significant…

4 years ago

Even Wall Street Is Asking Trump Not to Restart the Economy Amid Coronavirus Pandemic

President Donald Trump has courted significant controversy since announcing he will look into loosening federal guidelines for social distancing and…

4 years ago

Trump Suggests Reassessing Day Businesses Would Re-Open As Coronavirus Death Toll Climbs

The novel coronavirus has claimed at least 458 lives in the United States according to the most recent statistics, and…

4 years ago

Billionaire Bill Ackman Demands Trump Demonstrate “Leadership,” Order 30-Day Nationwide Shutdown

Billionaire Bill Ackman, the CEO of Pershing Square Capital, took to Twitter to demand President Donald Trump order a 30-day…

4 years ago

Stocks Plunge Again, Dow Loses All Gains Since Trump Took Office

The Dow Jones Industrial Average has lost all gains it amassed since President Donald Trump took office, a further indication…

4 years ago

Odds of a Global Recession “Are Close to 100 Percent,” Says Former White House Economic Adviser

Speaking on CNN, former chairman of the White House Council of Economic Advisers Kevin Hasset said a global recession is…

4 years ago

‘The Markets Are Gonna Be Just Fine’ Trump Says On Day Of Massive Stock Market Dropoffs

The stock markets have tanked pretty hard due to concerns surrounding the spread of coronavirus across the globe. Nevertheless, President…

4 years ago

People Won’t Let Larry Kudlow Forget He Insisted Coronavirus Will Have “Minimal Impact” on Economy

The coronavirus outbreak is officially a global pandemic, and policy experts around the world are expressing significant concern over how…

4 years ago

Childish Trump Won’t Meet With Pelosi On Coronavirus Because He Doesn’t Like Her

President Donald Trump really wants a stimulus package to pass Congress so that he can deal with the economic fallout…

4 years ago