Martin’s Recent Stories
Economy Apr 29Economists say quick rebound from recession is unlikely
Hopes are beginning to arise that the U.S. economy might be poised to rebound by the second half of the year. Yet most economists say such expectations should be kept in check.
Politics Apr 24Trump says Postal Service must charge Amazon more to receive aid
President Donald Trump says he won't approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times current rates.
Economy Apr 22Social Security and Medicare funds were already at risk. The virus crisis will deplete them faster
The financial condition of the government’s two biggest benefit programs remains shaky, with Medicare expected to become insolvent in just six years, while Social Security will be unable to pay full benefits starting in 2035, the government said Wednesday.
Nation Apr 18Former Treasury Secretary Paul O’Neill dies at age 84
Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday. He was 84.
Economy Apr 17WATCH: World Bank president pledges to try to cushion virus’ economic blow
World Bank President David Malpass stressed that his agency was well aware of the rising threat from a health crisis that is expected to plunge the global economy into the deepest recession since the Great Depression of the 1930s.
World Apr 14IMF: Global economy will suffer worst year since Depression
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
Economy Apr 10U.S. budget deficit totals $743.6 billion over past 6 months
The Treasury Department reported Friday that the deficit from October, the start of the government's budget year, through March was $52.5 billion higher than the same period a year ago.
Economy Apr 09IMF head sees worst economic downturn since Great Depression
IMF Managing Director Kristalina Georgieva said Thursday that the world's poorest countries will be hardest hit.
Economy Mar 27IMF head says global economy now in recession
IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021. But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage.
Economy Mar 20Income tax filing deadline postponed three months
Treasury Secretary Steven Mnuchin has announced that the deadline for filing U.S. income taxes has been moved from April 15 to July 15.