Economy

Economy
White House And Republican Senators Agree On $1T Stimulus Plan
July 23, 2020

The Republican version of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) 4.0, has been hammered out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Economy
Jobless Claims Rise To 1.4M After 15 Straight Weeks Of Declines
July 23, 2020

After 15 consecutive weeks of falling, the number of Americans filing new unemployment claims increased last week as new cases of COVID-19 surged. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Higher Education Aims To Reduce Costs Amid Pandemic
July 22, 2020

Institutions of higher education are taking strong measures to stay on an even keel as they encounter less state funding, decreased contributions and a falling number of students. Some of the newest groups of people impacted by cost cutting are teachers, CNBC reported. Get the...

Economy
GOP Mulls Reduced Unemployment Benefit
July 22, 2020

The GOP is considering a reduced level of extra unemployment benefits through the end of the year, with only $100 extra per week as opposed to the current $600 per week, to help offset pandemic-related woes, CNBC reported. Get the Full Story Complete the form...

Economy
IRS Has Recovered 70 Pct Of Stimulus Checks Sent To The Dead
July 22, 2020

The Internal Revenue Service (IRS) and the Treasury Department have collected around 70 percent of the $1.6 billion they sent to deceased Americans by accident as part of the CARES Act earlier this year, according to Federal News Network. Get the Full Story Complete the...

Economy
Stimulus Talks Kick Off In DC As Economy Flashes Red
July 21, 2020

As negotiations on another major stimulus package get underway today in Washington, D.C., a roughly $2 trillion gap exists between the proposal put forth by House Democrats and the plan being hammered out by Senate Republicans. Get the Full Story Complete the form to unlock...

Economy
White House Nixes Unemployment Benefits Extension
July 20, 2020

The President Donald Trump administration has shot down propositions to continue the $600-a-week jobless benefits that have buoyed Americans as unemployment reached record highs due to the pandemic, according to the Financial Times (FT). Get the Full Story Complete the form to unlock this article...

Economy
White House, GOP Map Out Next Stimulus Bill
July 20, 2020

Time is running out for Democrats and Republicans to agree on the next stimulus package, as portions of the CARES Act are set to expire in less than two weeks.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
US Companies Pivot From Resilency To Reinvention
July 19, 2020

Despite trimming jobs and minimizing operations as COVID-19 spread earlier this year, large U.S. companies now say that’s not enough. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....