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Friday, July 10, 2020

US economy


Behind virus and protests: A chronic US economic racial gap

June 09, 2020 9:59 am

The coronavirus recession is especially disheartening because African Americans finally seemed to be making headway in the aftermath of the Great Recession of 2007-2009.

Biden says he doesn’t see a V-shaped recovery for U.S. economy

May 22, 2020 8:59 pm

“The vast majority of American people suffering right now, they don’t measure their public health, their physical security and their economy stability based on the market,” he said.

Coronavirus spikes could emerge weeks after US economic reopenings

May 14, 2020 9:17 am

The outbreak's trajectory varies wildly across the country, with steep increases in cases in some places, decreases in others and infection rates that can shift dramatically from neighbourhood to neighbourhood.

Wall Street pulls back as dismal economic data piles higher

April 30, 2020 10:21 pm

Stocks are pulling back on Wall Street as more grim news piles up about the economic damage caused the coronavirus outbreak.

GDP report to show a damaged US economy sliding into recession

April 29, 2020 12:03 pm

The Commerce Department is expected to estimate that the GDP shrank at an annual rate of 5% or more in the January-March quarter, making it the sharpest quarterly drop in GDP since the Great Recession, which ended in 2009. And it would be the first quarterly contraction in six years.

Donald Trump bats for phased reopening of US economy

April 24, 2020 9:16 am

More than 95 per cent of the country's 330 million people are under stay-at-home order as a result of the social mitigation measures including social distancing being enforced till May 1.

Coronavirus: 3.3 million file jobless claims as US economy comes apart

March 26, 2020 10:31 pm

The report, released by the Labor Department on Thursday, provides some of the first hard data on the economic toll of the coronavirus pandemic, which has shut down whole swaths of American life faster than government statistics can keep track.

Trump criticizes Federal Reserve interest rate policy despite strong economy

July 20, 2018 7:43 am

Trump said he was concerned about the potential impact on the US economy and American corporate competitiveness from rising rates and a stronger dollar.

US fiscal year deficit widens to $666 billion

October 21, 2017 12:45 am

Accounting for calendar adjustments, the 2017 fiscal year deficit was $644 billion compared with $546 billion the prior year.

Trump vows tax plan to boost economy; poll cites views on wealthy

October 12, 2017 8:50 am

Trump on Wednesday said his framework would provide a $500 tax credit to "those who care for an adult dependent or elderly loved one" and that it would substantially increase the child tax credit.