Breaking News: Politics
Powell Warns Of 'significant Uncertainty' About The Recovery And Says Small Businesses Are At Risk
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The Fed chairman repeated warnings about the economy during the first day of his semiannual testimony before Congress. Read more
Jobless Claims, Total Unemployment Level Worse Than Expected
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First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists sur... Read more
Dallas Fed President Robert Kaplan Says More Fiscal Help Will Be Needed, Including Aid To States
AMERICA - Published date: .
More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas... Read more
Federal Government Should Help States, Cities And Hospitals Recover From Coronavirus, Gary Cohn Says
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Former Trump advisor Gary Cohn said that a potential vaccine shouldn't stop the government from providing aid to parts o... Read more
Fed's Mester Sees A Recovery Or A 'much More Dire' Scenario As Equally Possible
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Mester echoed Chairman Jerome Powell's mostly pessimistic view on the economy, telling CNBC on Wednesday that while grow... Read more
Trump Says US Will Start Buying Dairy, Meat And Produce From Farmers Amid Supply Chain Disruptions
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As the coronavirus pandemic disrupts supply chains across the country, farmers have been forced to destroy their crops, ... Read more
US Private Payrolls Drop By 20.2 Million In April, The Worst Job Loss In The History Of ADP Report
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Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took mo... Read more
Fed Vice Chair Clarida Says More Support May Be Needed, But Economy To Rebound Next Quarter
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"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," ... Read more
Trump Signs $484 Billion Coronavirus Relief Bill To Boost Small Business, Hospitals And Testing
AMERICA - Published date: .
The bill includes $370 billion for small business aid, $75 billion for hospitals and $25 billion for testing during the ... Read more
US Weekly Jobless Claims Hit 4.4 Million, Bringing 5-week Total To More Than 26 Million
AMERICA - Published date: .
The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the... Read more
A 'U,' A 'V' Or Maybe A Nike Swoosh? Economists Try To Predict What A Recovery Will Look Like
AMERICA - Published date: .
As data points come in, they'll largely tell a story about the present and the near past. What they won't provide, at le... Read more
The Fed's Main Street Problem: Worries Rise That Money Won't Go Where It's Most Needed
AMERICA - Published date: .
It wasn't supposed to work like this: The Federal Reserve was not going to have to come back and rescue the economy the ... Read more
Fed Beige Book Says Economy Contracted 'sharply And Abruptly' Due To Coronavirus
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Economic activity has fallen sharply due to measures taken during the coronavirus scare, with leisure and hospitality as... Read more
New York Manufacturing Hits Record Low Reading Of -78.2 Amid Coronavirus Collapse
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The Empire State Manufacturing Index for April plunged to -78.2, more than twice as bad as expected and more than double... Read more
Here Is Everything The Fed Has Done To Save The Economy
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The Fed has acted while Congress has continued to squabble. Read more
Fed's Neel Kashkari Says Coronavirus Economic Recovery 'could Be A Long, Hard Road'
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Kashkari's comments came days after the Labor Department reported that another 6.6 million Americans filed first-time un... Read more
Fauci Expresses 'cautious Optimism' Coronavirus Outbreak Is Slowing, US Could Start Reopening In May
AMERICA - Published date: .
Fauci's hopeful remarks came less than a day after the U.S. counted more than 20,000 deaths from the disease, surpassing... Read more
The Fed Is On 'wartime' Footing And Still May Be Asked To Do More
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The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed. Read more
Federal Reserve Unveils Details Of $2.3 Trillion In Programs To Help Support The Economy
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The programs also direct expanded credit to small businesses, households and state and local governments. Read more
Treasury Secretary Mnuchin Says US Could Be Open For Business In May
AMERICA - Published date: .
Treasury Secretary Steven Mnuchin said that he believed it was possible that the U.S. could open back up next month, fol... Read more