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
Feb 05 U.S. employers add just 49,000 jobs as unemployment falls to 6.3 percent By Christopher Rugaber, Associated Press U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession. Continue reading
Feb 05 Senate approves fast-track of COVID-19 aid, Harris casts tie-breaker By Josh Boak, Associated Press The Senate has approved a measure that would let Democrats muscle through President Joe Biden's $1.9 trillion coronavirus relief plan without Republican support. Vice President Kamala Harris was in the chair to cast the tie-breaking vote, her first. Continue reading
Feb 04 Sanders, Ocasio-Cortez seek climate emergency declaration By Matthew Daly, Associated Press A week after President Joe Biden signed signed executive orders intended to combat the worst effects of climate change, progressive lawmakers are urging him to go even further and declare a national emergency on climate change. Continue reading
Feb 04 McKinsey & Company agrees to pay nearly $600 million over opioid crisis By Geoff Mulvihill, Associated Press In a deal announced Thursday with attorneys general for most states, the company agreed to make public documents showing communications with OxyContin maker Purdue Pharma and three other companies that have been in the opioid business. Continue reading
Feb 04 WATCH: Dems push Biden to cancel $50,000 in student loan debt By Associated Press Sen. Elizabeth Warren says data shows that canceling federal student debt would result in higher incomes, more jobs, greater homeownership rates and more small business formation. Continue reading
Feb 04 Myanmar's new military government blocks Facebook By Associated Press Myanmar's new military government blocked access to Facebook as resistance to Monday's coup surged amid calls for civil disobedience to protest the ousting of the elected government and its leader, Aung San Suu Kyi. Continue reading