Martin’s Recent Stories
Economy Jul 23Yellen outlines to Congress emergency measures on debt limit
In a letter Friday to House and Senate leaders, Yellen said that her actions would buy time until Congress can pass legislation to either raise the debt limit or suspend the limit again for a period of time.
Economy Jul 01CBO projects federal deficit will hit $3 trillion this year
In an updated forecast Thursday, the CBO said the deficit for the current 2021 budget year, which ends Sept. 30, will be the second-largest in history, coming in shy of last year's record shortfall of $3.13 trillion.
Economy May 07Biden administration allocates $21.6 billion in rental assistance
The administration on Friday also announced changes in the rental assistance program aimed at addressing criticism that the emergency support has not reached many renters who need the help. The additional aid is included in the $1.9 trillion relief package…
Economy May 04U.S. trade deficit hit record $74.4 billion in March
The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
Politics May 03Treasury announces plans to borrow $463 billion this quarter
The big increase of $368 billion was attributed to passage of a $1.9 trillion support measure that President Joe Biden pushed through Congress in March which provided another round of relief payments totaling $1,400 per individual.
Economy Apr 29U.S. recovery from pandemic recession is showing momentum
Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans…
Economy Apr 29U.S. economy accelerated at a robust 6.4 percent rate last quarter
Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed…
Economy Apr 14Federal Reserve survey finds economy rebounding, helped by stimulus, vaccines
The new survey released Wednesday showed that the Fed's business contacts around the country were expressing more optimism about the economy's outlook as activity accelerated.
Economy Apr 12U.S. budget deficit jumps to record $1.7 trillion this year
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year.
Economy Apr 08IMF policy panel endorses $650 billion increase in resources
The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic.