Oct 26 As virus resurges, so does fear of more economic pain By Christopher Rugaber, Associated Press With confirmed COVID cases surging across the country, there is the risk that the economy could weaken again as more people choose to hunker down at home — and that even more stimulus might be needed next year than negotiators… Continue reading
Oct 22 Walmart sues U.S. in pre-emptive strike in opioid abuse battle By Anne D'Innocenzio, Associated Press The government is expected to take civil action against the world's largest retailer, seeking big financial penalties, for the role its pharmacies may have played in the crisis by filling opioid prescriptions. Continue reading
Oct 22 Cuba says U.S. sanctions have caused nearly $5.6 billion in losses By Andrea Rodriguez, Associated Press Cuban Foreign Minister Bruno Rodríguez on Thursday decried what he said is a growing number of sanctions suffocating the island, a topic that is on the agenda for next year's U.N. General Assembly session. Continue reading
Oct 20 Watch 4:15 Why Democrats and Republicans have different priorities on COVID relief Is time running out for economic stimulus before Election Day? The informal deadline set by House Speaker Nancy Pelosi is passing Tuesday. She and Treasury Secretary Steve Mnuchin held more talks about pandemic relief but did not yet reach agreement. Continue watching
Oct 20 Watch 6:49 Without more federal aid, U.S. economy could take years to recover from pandemic The coronavirus relief package Congress and the White House are negotiating over has a dual purpose of easing financial hardship for the unemployed and putting more money into the hands of consumers to keep the economy running. What happens when… Continue watching
Oct 20 Study finds older workers face higher unemployment amid COVID-19 pandemic By Sarah Skidmore Sell, Associated Press From April through September, the study found that the older workers unemployment rate was 9.7% compared to 8.6% for midcareer workers. Continue reading
Oct 20 Deadline looms, but COVID relief deal may be far off By Andrew Taylor, Associated Press With time nearly up for Congress and the White House to deliver aid to Americans before the election, the question remains: If not now, when?… Continue reading
Oct 19 Watch 3:51 Pelosi, Mnuchin report progress on pandemic relief -- but time is running short While the presidential candidates make their pitches to voters across the country, lawmakers in Washington, D.C., are continuing negotiations over another coronavirus relief package. House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin said their differences on a bill are… Continue watching
Oct 19 China's economy accelerates as virus recovery gains strength By Joe McDonald, Associated Press China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions. Continue reading
Oct 18 PG&E lacked basic training before California blackouts By Michael Liedtke, Justin Pritchard, Associated Press When Pacific Gas & Electric cut power to large swaths of wildfire-prone Northern California last fall, few of the emergency personnel managing the blackouts for the nation’s largest utility had learned the fundamentals of managing an emergency in their home… Continue reading