Could Americans still receive a second stimulus check? Everything we know
With White House officials and top Democrats at a weeks-long impasse over another coronavirus relief package, Senate Republicans are preparing to unveil their own new proposal — a pared-down version of a previous bill that notably does not include a fresh round of stimulus checks.
US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
Nearly 40% of Americans who lost their jobs during pandemic can't last a month on savings
One in five respondents said their savings would last just two weeks.
United States suspends extradition and tax agreements with Hong Kong
President Donald Trump already had determined that Hong Kong was no longer eligible for the continued preferential treatment that it enjoyed based on its autonomy following its reversion to Chinese rule in 1997. The three agreements cover the transfer of fugitives and convicted prisoners as well as reciprocal tax exemptions on income from international shipping.
IRS extends deadline to claim extra $500 for children from COVID-19 stimulus checks
People with children who did not receive the $500 in stimulus funds have until Sept. 30 to submit information about their dependents.
GOP senator calls on China to repay $1.6T of century-old debt
Sen. Martha McSally, R-Ariz., introduced a resolution calling on China to repay U.S. bondholders more than $1.6 trillion of sovereign debt, including interest, that pre-dates the country's Communist government.
US retail sales rise for 3rd month amid COVID-19 pandemic but slowdown expected
The gains of the past three months have now restored retail purchases to their levels before they plunged in March and April when the pandemic shuttered businesses and paralyzed the economy.
Number of Americans filing for unemployment falls below 1M for first time since pandemic started
The number of Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in mid-March.
US budget deficit climbs to record $2.81 trillion
The Treasury Department says the U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year.
Consumer prices in the US rose 0.6% in July, matching June uptick
The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the past year.
When does the extra $400 unemployment benefit start?
Trump's efforts to partially restore the sweetened jobless benefits, which expired at the end of July, hinges on cash-strapped states being able to adapt a new unemployment system and fund one-fourth of the aid.
Summer jobs for young people are vanishing amid the COVID-19 pandemic
The iconic summer job for high school and college students has been on the wane for nearly 20 years. But the pandemic is squeezing even more young people out of the workforce.
Will Americans get a second $1,200 stimulus check? What we know
The fate of a second stimulus check was thrown into uncertainty last week when White House officials and Democratic leaders missed a self-imposed deadline to cut a deal on another round of emergency coronavirus aid.
Amazon reportedly looking to transform shuttered JCPenney, Sears stores into fulfillment centers
Amazon, celebrating the boom in e-commerce, is in discussions with Simon Property Group, the largest U.S. mall owner by number of malls with 204 properties, the Journal reported, citing people familiar with the matter.
Trump orders $400-per-week unemployment payments amid COVID-19 crisis, hits Dems for stonewalling
President Trump signed four executive orders Saturday aimed at delivering relief to Americans struggling with the economic fallout of the coronavirus.
Trump says he may take executive action on evictions, student loans, payroll taxes if no aid agreement reached
Trump administration negotiators are heading back to the Capitol for last-ditch talks on vital COVID-19 rescue money.
US Postal Service loses $2.2B in 3 months as virus woes persist
U.S. Postal Service officials warned that the agency could lose more than $20 billion over two years.
US adds 1.8 million jobs in July, a dip from previous months
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.
City cracks down on illegal Milwaukee rooming house; tenants, unaware of violations, evicted
The City of Milwaukee has cracked down on an illegal rooming house on the city's south side. It's residents, unaware of building violations, were evicted -- some of whom had nowhere to go.
Stimulus check missing $500? IRS to start sending parents payments this week
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.