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
May 26 Qatar pledges $500 million for postwar construction in Gaza By Samy Magdy, Josef Federman, Associated Press Qatar has contributed hundreds of millions of dollars in humanitarian and development aid to Gaza in attempts to support past cease-fires with Israel. Continue reading
May 25 Anti-racist reading drove business to Black bookstores. Owners hope that's not the end of the story By Courtney Vinopal It’s been nearly a year since Black-owned bookstores were inundated with requests for anti-racist literature. While owners appreciate the attention it brought to their businesses, they say more is needed to sustain their bottom line long-term. Continue reading
May 25 GM now says it will support union at new battery factories By Tom Krisher, Associated Press The company's statement Tuesday departs from GM's past stance, but it falls into line with President Joe Biden's promise to create good-paying union jobs in the transition from combustion vehicles to electric. Continue reading