The extra unemployment aid, totaling $600 a week for everyone who successfully filed for benefits, cost the federal government a total of $250 billion, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from the coronavirus downturn may be losing steam. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. Treasury Secretary Steven Mnuchin said the White House will resume COVID-19 stimulus negotiations with Democrats and is willing to provide more dollars to reach a compromise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Weeks of failed negotiations on pandemic-related aid has led to House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin, representing two sides of the debate on how further stimulus packages should proceed, agreeing to attempt a compromise. Get the Full Story Complete the form to...
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, said the defeat of the coronavirus will require sacrifice but will save thousands of lives. Get...
Pandemic-ravaged businesses are having trouble meeting rent during the coronavirus pandemic, as evidenced by the fact that many tenants have only partially paid for July, Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amid a Congressional impasse over the next pandemic-related stimulus package, President Donald Trump directed the federal government to provide relief for beleaguered Americans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Negotiators for the White House and congressional Democrats were expected to resume efforts at 1 p.m. Friday (Aug. 7) to reach a deal that would lead to a second round of economic stimulus payments. Get the Full Story Complete the form to unlock this article...
The nation’s economy added 1.8 million jobs in July, slightly better than analysts’ expectations, while the unemployment rate fell to 10.2 percent, the U.S. Labor Department reported on Friday (Aug. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
