Economy Apr 10 U.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 09 IMF 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 27 IMF 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 20 Income 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.
Economy Mar 18 Q&A — What does 90-day tax payment delay mean for filers? The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic.
Economy Mar 11 Trump administration weighs delaying tax deadline amid virus outbreak Mnuchin says a payment delay would have the effect of putting more than $200 billion back into the economy.
Economy Feb 27 U.S. economy grew 2.1 percent in Q4 2019 The economy grew at the end of last year, but damage from the spreading novel coronavirus is likely depressing growth in the current quarter and for 2020 as a whole.
Economy Feb 12 U.S. on track for first $1 trillion budget deficit since 2012 The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago.
Making Sen$e Feb 11 WATCH: Federal Reserve Chair Powell says economy looks resilient despite risk of China virus Powell said the Fed is monitoring developments stemming from the coronavirus, which he said "could lead to disruptions in China that spill over to the rest of the global economy."…
Economy Jan 16 U.S. Treasury announces it will begin selling new 20-year bond Faced with financing budget deficits topping $1 trillion annually, the Treasury is introducing a new 20-year bond.