American lawmakers, after months at an impasse over what would be included in a stimulus bill, have decided to split the bill into two separate proposals, CNN reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to a report from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
An increasing number of Americans were forced out of work as new coronavirus cases reached record-breaking levels. New jobless claims surged 137,000 over last week’s revised totals, hitting 853,000, the U.S. Department of Labor Department (DOL) reported on Thursday (Dec. 10). Get the Full Story...
Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan. Get the Full Story Complete the form to unlock this article...
The Job Openings and Labor Turnover Survey (JOLTS) indicates that the number of new job openings was largely unchanged at 6.7 million positions on Oct. 30, according to the latest report by the Bureau of Labor Statistics (BLS) on Wednesday (Dec. 9). Get the Full...
Eight months, 14.8 million new cases and 275,000 deaths after Congress passed the $2.2 trillion CARES Act in late March to cushion the economic blow of the coronavirus, and lawmakers are inching toward approving a second round of stimulus, albeit one less than half the...
Charlie Scharf, the CEO of Wells Fargo, thinks once the COVID vaccines are able to reach wide swathes of the country, the U.S. economy will recover quickly, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Treasury Secretary Steven Mnuchin said he presented a new $916 billion COVID-19 relief bill to House Speaker Nancy Pelosi, signaling the first move from the President Donald Trump administration to pass a stimulus bill since the election last month, Bloomberg reported. Get the Full Story...
Over 110,000 restaurants have shuttered since the start of the COVID-19 pandemic and another 500,000-plus establishments are in an “economic free fall,” the National Restaurant Association said in a letter to Congress. Get the Full Story Complete the form to unlock this article and enjoy...
