Speaking at the White House during an interview, President Donald Trump said Tuesday that Americans can look forward to another round of stimulus checks before the end of the year.
Activity in the U.S. services sector showed a record rebound in June but future improvement could be jeopardized by the resurgence of coronavirus cases in many parts of the country.
Becoming intimate with your finances is now a matter of economic survival.
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
President Trump also said he wants payments larger than the $1,200 the government sent to most individuals earlier this year.
A national face mask mandate would slow the spread of COVID-19 and potentially prevent the reinstatement of lockdowns that would wreak havoc on the U.S. economy, according to Goldman Sachs.
The confidence index was at a high of 132.6 in February 2020 before falling sharply in March and April.
AMC Theaters, the nation’s largest chain, is pushing back its plans to begin reopening theaters by two weeks.
Billions of dollars in coronavirus aid were sent to deceased individuals and millions of Americans are believed to have been infected at some point.
President Trump signaled this week that he supports sending a second round of direct cash payments to Americans still reeling from the coronavirus pandemic and subsequent economic lockdown.
Coronavirus and the shelter-in-place orders that followed has triggered a $54.3 billion state budget deficit.
While the IRS has asked survivors to return the money, it's not clear they have to.
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis.
A report could help illustrate a bipartisan agreement in Congress on next month’s fifth, and possibly final, COVID-19 response bill.
The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.
The legislation authorizing the payments during the pandemic doesn’t specifically exclude jail or prison inmates, and the IRS has refused to say exactly what legal authority it has to retrieve the money.
Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.
President Trump signaled Monday that he's open to a second stimulus check for Americans still reeling financially from the coronavirus pandemic and the related economic lockdown.