May 31 China easing birth limits further to cope with aging society By Joe McDonald, Associated Press China's ruling Communist Party said Monday it will ease birth limits to allow all couples to have three children instead of two in hopes of slowing the rapid aging of its population, which is adding to strains on the economy… Continue reading
May 30 Watch 8:56 Asian business districts hope for recovery after shutdown, racist attacks By Laura Fong, Mori Rothman Even before COVID-19 forced non-essential businesses across America to shut down, Asian business districts like Chinatown in NYC, were already seeing a decline in revenue because of anti-Asian sentiment. More than a year later, as shops and restaurants begin to… Continue watching
May 28 Travel numbers climb as Americans hit the road for holiday By David Koenig, Associated Press Americans are hitting the road in near-record numbers at the start of the holiday weekend. More than 1.8 million people went through U.S. airports Thursday. Continue reading
May 28 CEO pay rises to $12.7 million even as pandemic ravages economy By Stan Choe, Associated Press The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020, according to data analyzed by Equilar for The Associated Press. Continue reading
May 27 Biden budget to run $1.8 trillion deficit to finance spending plans By Andrew Taylor, Associated Press The whopping deficit projections are being driven by Biden's costly plans for infrastructure and social spending, along with major new investments in domestic Cabinet agencies. Continue reading
May 27 GOP offers $928 billion on infrastructure, funded with COVID aid By Lisa Mascaro, Jonathan Lemire, Associated Press The Republicans want to tap unused COVID-19 money to help pay for it. But the White House has panned that approach, saying states and small businesses still need those dollars. Biden prefers raising the corporate tax rate. Continue reading
May 27 WATCH: Biden delivers remarks on infrastructure plan in Cleveland By Andrew Taylor, Associated Press President Joe Biden will deliver remarks on his proposed $1.7 trillion jobs and infrastructure plan Thursday at Cuyahoga County Community College in Cleveland. Continue reading
May 27 WATCH: Yellen says economic recovery likely to be ‘bumpy’ By Associated Press In testimony, Yellen was asked about the big jump in consumer prices reported last week. She said that the April price increase was the result of a number of special factors related to the economy opening back up. Continue reading
May 27 U.S. jobless claims fall to 406,000, a new pandemic low By Christopher Rugaber, Associated Press The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Continue reading
May 26 Watch 8:04 With PPP fund empty, can other programs to help small businesses provide relief? By Lisa Desjardins, Matt Loffman, Kate Grumke Over the past 14 months, the U.S. Government has allocated hundreds of billions of dollars to help small businesses survive the pandemic's economic hurdles. All that funding has been managed by the U.S. Small Business Administration, but many of the… Continue watching