Feb 10 Powell stresses commitment to full employment and low rates By Christopher Rugaber, Associated Press Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York. Continue reading
Feb 09 Aunt Jemima brand gets a new name: Pearl Milling Company By Dee-Ann Durbin, Associated Press Quaker Oats announced last June that it would retire the Aunt Jemima brand, saying the character's origins are "based on a racial stereotype."… Continue reading
Feb 09 Dems attempt to push through school funding, wage increase By Collin Binkley, Associated Press House Democrats are muscling past Republicans on major portions of President Joe Biden's pandemic plan, including a proposed $130 billion in school relief and a gradual increase of the federal minimum wage to $15 an hour. Continue reading
Feb 09 WATCH: OMB nominee Neera Tanden testifies before Senate committee By Will Weissert, Associated Press Neera Tanden, President Joe Biden's nominee to lead the Office of Management and Budget, will testify Feb. 9 before the Senate committee on Homeland Security & Governmental Affairs. Continue reading
Feb 08 CBO finds $15 minimum wage would reduce poverty, increase federal debt By Kevin Freking, Alan Fram, Josh Boak, Associated Press A new report from the Congressional Budget Office finds that increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of people. Continue reading
Feb 06 Watch 5:18 Go big or go home: America’s multi-billion dollar sports betting business By Hari Sreenivasan, Sam Weber, Connie Kargbo Super Bowl Sunday is the biggest sporting -- and betting -- event of the year. Despite the pandemic, bookkeepers are expecting wagers worth more than $4 billion this year. Since its expansion outside Nevada in 2018, the legal betting industry… Continue watching
Feb 05 Watch 6:54 Who is bearing the brunt of the pandemic’s economic pain? President Biden's nearly $2 trillion stimulus package on Friday cleared a procedural hurdle in the Senate, as a tepid jobs report confirmed the economy is still sputtering from the pandemic. Raphael Bostic, president and CEO of the Federal Reserve Bank… Continue watching
Feb 05 A meager gain in U.S. jobs last month highlights virus’ damage By Christopher Rugaber, Associated Press The increase of just 49,000 positions in January made scarcely any dent in the nearly 10 million jobs that remain lost since the virus intensified nearly a year ago. Continue reading
Feb 05 WATCH: Harris, Yellen meet with Black Chambers of Commerce members in virtual roundtable By Martin Crutsinger, Associated Press Treasury Secretary Janet Yellen says America has some "tough months ahead" in dealing with the coronavirus pandemic and for that reason it is critical that Congress pass President Joe Biden's $1.9 trillion relief package. Continue reading
Feb 05 WATCH: Biden wants to go big, fast and alone on COVID relief By Josh Boak, Associated Press Biden says the rescue plan he is pushing forward in Congress is the "answer to the crisis we are in."… Continue reading