Economy - /contrib/economy

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Congress needs to give small biz a way to hold on or entire economy could melt down...
Congress is racing to contain the COVID-19 economic fallout, but if lawmakers don't get the diagnosis right, they'll never produce the right cure. The biggest danger: a full-tilt credit collapse. This week, the Senate and House has been hammering
By Anonymous Submission on 2020-03-21 00:12 UTC
The upcoming job losses will be unlike anything the US has ever seen...
During the financial crisis, the worst month was the 800,000 in March 2009. Many economists are expecting the total for April to be in the millions.
By Anonymous Submission on 2020-03-20 15:12 UTC
GOP coronavirus stimulus bill unveils $1,200 tax rebate checks for the public...
The rebate gradually decreases for higher incomes and people earning more than $99,000 would get nothing — a slightly higher cap than anticipated. Lower-income people would get less as well, with a minimum rebate of $600 if their income was at least $2,500. The 247-page bill also proposes a $500
By Anonymous Submission on 2020-03-20 00:05 UTC
Senate GOP plan provides massive tax-relief, loans for business...
Senate Republican negotiators on Thursday rolled out a massive business assistance package, seeking to stave off a recession and soaring unemployment because of the coronavirus crisis.
By Anonymous Submission on 2020-03-20 00:03 UTC
Family of 4 could get $3,000 check under coronavirus relief plan, Mnuchin says...
The payments would be $1,000 per adult and $500 per child. Direct payments would go to U.S. citizens only, and would be “tiered based on income level and family size.” The two payments would be identical, with the second wave starting by May 18.
By Anonymous Submission on 2020-03-19 16:25 UTC
Negotiations intensify on Capitol Hill over massive stimulus legislation as coronavirus fallout worsens...
The Trump administration is pushing senators to support sending many Americans $2,000 each and backing $300 billion for small-business relief as multiple industries seek bailouts.
By Anonymous Submission on 2020-03-19 01:32 UTC
Americans would get two checks under proposed coronavirus stimulus package...
Americans would receive two checks from the federal government in the next couple of months, under the proposed coronavirus stimulus package that the Trump administration continued to push forward on Wednesday.
By Anonymous Submission on 2020-03-19 01:15 UTC
67 million Americans expect trouble paying credit-card bill...
About 67 million Americans believe they will have trouble paying their credit-card bills due to the coronavirus, according to a new survey. WalletHub's Coronavirus Money Survey also found that the virus is now the top stressor in America, above money
By Anonymous Submission on 2020-03-19 00:53 UTC
Trump plans to distribute $500B in cash to Americans as coronavirus tanks economy...
In a memorandum, the Treasury Department proposed two $250 billion cash infusions to individuals.
By Anonymous Submission on 2020-03-19 00:51 UTC
Here's where things stand on the White House's push for a $1 trillion stimulus package...
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.
By Anonymous Submission on 2020-03-18 14:53 UTC
Steve Mnuchin warns of 20% unemployment if coronavirus stimulus doesn't pass...
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
By Anonymous Submission on 2020-03-18 02:59 UTC
Plan For Cash Handouts Gains Steam In Congress As Consumption Collapses...
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
By Anonymous Submission on 2020-03-16 23:40 UTC
Mitt Romney and economists on both sides calling for: $1,000 for every American to fight Coronavirus recession...
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
By Anonymous Submission on 2020-03-16 20:18 UTC
NY Fed vows to pump in $1.5 trillion to fight coronavirus-linked 'highly unusual disruptions' on Wall Street...
The New York Federal Reserve is taking out the big guns to calm panicky financial markets.
By Anonymous Submission on 2020-03-12 20:37 UTC
Layoffs? Hiring freezes? Pay cuts? Furloughs? Employers weigh options...
Job growth has been a key driver of U.S. economic growth — now experts fear the coronavirus will dampen hiring.
By Anonymous Submission on 2020-03-12 14:34 UTC
Coronavirus briefing: U.S. job losses begin and other updates for Thursday, March 12...
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
By Anonymous Submission on 2020-03-12 14:32 UTC
Trump to address travel restrictions, economics, healthcare...
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.
By Anonymous Submission on 2020-03-11 21:27 UTC
And the Winner Is? Deflation!...
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
By Anonymous Submission on 2020-03-11 18:10 UTC
Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand in virus-weakened economy...
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
By Anonymous Submission on 2020-03-09 05:26 UTC
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