Facing a hard holiday deadline and the threat of a federal government shutdown, House and Senate negotiators were able to accomplish in six days what they had been unable to do for more than six months: reach a compromise on a COVID-19 stimulus package that...
Independent restaurants that have staggered through the pandemic are running out of time, raising the specter of a wave closings in the next few months, the Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The new U.S. government coronavirus relief package will contain $600 direct checks, $300 unemployment benefits per week and aid for small businesses, schools and vaccination plans, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy...
Lawmakers are still debating the size and scope of proposed individual payments and enhanced unemployment benefits in the estimated $908 billion economic stimulus package being hammered out on Capitol Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Initial jobless claims for the week that ended Dec. 12 were up 23,000, hitting a high of 885,000 versus 853,000 expected, the U.S Department of Labor reported on Thursday (Dec. 17). The new numbers are roughly four times greater than new claims before the pandemic....
The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4 percent, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as the largest share since 2013 think they’ll be worse off this time next year, New York Federal Reserve figures show....
Berkshire Hathaway Chairman Warren Buffett is calling on Congress to provide more Paycheck Protection Program (PPP) loans to small businesses to help them survive the pandemic slowdown, which he likened to “an economic war.” Get the Full Story Complete the form to unlock this article...
The efforts to pass a new stimulus bill are still ongoing, with lawmakers possibly deciding soon on a $908 billion bill, but a sticking point has arisen in the lack of new individual checks, CNBC reported. Get the Full Story Complete the form to unlock...
