Martin’s Recent Stories
Economy Aug 03U.S. manufacturing shows further improvement in July
U.S. manufacturing showed further improvement in July with a key gauge of activity rising for a second straight month.
Economy Jul 30Record economic plunge, bleak jobs numbers reveal virus toll
The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter. It is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating.
Economy Jul 29U.S. is expected to report a record-breaking economic plunge
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.
Economy Jul 17WATCH: Former Fed chairs urge Congress to do more to save the U.S. economy
Former Federal Reserve Chairs Ben Bernanke and Janet Yellen will testify, starting at 12:30 p.m. ET today. Watch their remarks here.
Politics Jul 17WATCH: Treasury Secretary Mnuchin urges swift aid bill in Congress hearing
Treasury Secretary Steven Mnuchin urged Congress to quickly enact a new pandemic relief package targeting hardest-hit swaths of the economy, as lawmakers race to stand up federal aid in the face of the latest spike in coronavirus cases across much…
Economy Jul 15WATCH: House Small Business Committee holds hearing on pandemic recovery
The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.
Economy Jul 08U.S. consumers reduced their borrowing by $18.3 billion in May
U.S. consumers reduced their borrowing for a third straight month May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt.
Economy Jul 01Federal Reserve meeting minutes show concern about steep economic downturn
Fed officials noted that the crisis was not falling equally on all Americans. The minutes say officials discussed how the sharp rise in joblessness had been especially severe for lower-wage workers, women, African Americans, and Hispanics.
Economy Jun 30WATCH: Mnuchin says hardest-hit businesses should be next aid focus
There is about $128 billion in that program that has not been doled out from the popular Paycheck Protection Program that was designed to provide support to businesses if they keep their workers on the payroll.
Economy Jun 25U.S. GDP fell at 5.0% rate in first quarter, but worse is expected to come
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.