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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
President Trump, Mitch McConnell huddle with coronavirus talks at risk of collapse
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.
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.
Laid-off workers endure loss of $600 federal aid amid COVID-19 pandemic
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.
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.
1.2 million seek jobless aid after $600 federal check ends
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.
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.
Wave of evictions expected as moratoriums end in many states
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.
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.
Trump signs executive order barring federal agencies from replacing Americans with foreign workers
President Trump on Monday signed an executive order banning federal agencies from firing American citizens or green card holders and hiring foreign workers to do their jobs.
President Trump on Monday signed an executive order banning federal agencies from firing American citizens or green card holders and hiring foreign workers to do their jobs.
US manufacturing improves in July, outlook clouded by coronavirus
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
Record economic plunge, bleak jobs numbers reveal virus toll
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.
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.
US is expected to report a record-breaking economic plunge
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.
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.