Economy - /contrib/economy

Lawmakers on both sides of the aisle have supported relief to certain industries. But there may be a dispute over paid time off for employees.

Treasury Secretary Steven Mnuchin said the US unemployment rate could soar to a staggering 20 percent if Congress fails to pass a $1 trillion coronavirus stimulus package. Mnuchin shared the potentially disastrous outlook in a closed-door Tuesday night me

Plan For Cash Handouts Gains Steam In Congress As Consumption Collapses A plan to give each adult American $1,000 is picking up steam in Congress after Sen. Mitt Romney (R-UT) supported the idea on Monday, along with Sen. Tom Cotton who says he's work

On Monday, Sen. Mitt Romney (R-Utah) joined a growing chorus of liberal and conservative economists are lining up behind a proposal published in the Wall Street Journal by Harvard professor Jason Furman, who chaired the Council of Economic Advisers (CEA) under President Obama, that calls for direct

The New York Federal Reserve is taking out the big guns to calm panicky financial markets.

Job growth has been a key driver of U.S. economic growth — now experts fear the coronavirus will dampen hiring.

The first coronavirus-related job losses have arrived in the United States, hitting ports, bakeries and travel agencies. The virus, first reported in China, has swept across Asia and now has ... Click to Continue

U.S. President Donald Trump said he would address travel restrictions to Europe in a statement later on Wednesday, amid a fast-moving coronavirus outbreak.

Those in power always choose inflation because, in their minds, it is less upsetting to the social order than deflation. And their power rests on maintaining the current social order. Deflation benefits savers and, frankly, normal people who don’t have access to new money at the lowest available

NEW YORK (AP) — Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand in virus-weakened economy. The post Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand

The US economy added 273,000 jobs in February and the unemployment rate fell to a historically low 3.5%. The jobs survey was taken before coronavirus fears overtook Corporate America.

In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus.

US stocks rebounded sharply on Monday, with the Dow logging its biggest point gain in history. Stocks are coming off their worst week since the 2008 financial crisis. The Dow last week dropped 12.4%, while the S&P 500 plunged 11.5%. The Dow also recorded

Dow Jones surges more than 1,200 points on hopes that central banks will act to shelter global economy from coronavirus

U.S. stocks increased dramatically on Monday as investors hoped that the Federal Reserve and other central banks would ease money in response to the slowdown in commerce generated by the coronavirus outbreak.

Federal Reserve Chair Jerome Powell on Friday said the US economy remains in solid condition although the coronavirus outbreak poses a risk and the central bank will act as appropriate to provide support. "The fundamentals of the US economy remain str

The main U.S. stock indexes are back in the red after a brief move upward in early trading.

Traders are boosting their bets on central banks cutting rates as coronavirus deaths spike, but such policy won't do much for stock markets, Seema Shah, chief investment strategist at Principal Global Investors, said Monday. Rate cuts primarily streng

People at the lowest income levels experience the most stress (50 percent of people who earn less than $15,000 and 49 percent of people who make between $15,000 and $25,000). However, the third-highest percentage of people who experience financial stress (47 percent) are people who make between

Nearly 600 family farms went bust last year, despite federal funds to blunt impact of U.S. trade war with China.