Sep 01 WATCH: Mnuchin testifies on federal response to COVID-19 and its impact on the economy By Courtney Vinopal Treasury Secretary Steve Mnuchin will testify Sept. 1 before a House select subcommittee on the Trump administration's response to the economic crisis caused by the coronavirus pandemic. Continue reading
Aug 31 Trump administration finalizes coal plant pollution rollback By Matthew Brown, Travis Loller, Associated Press The changes finalized Monday will allow utilities to use cheaper wastewater cleanup technologies and take longer to comply with pollution reduction guidelines adopted in 2015. Continue reading
Aug 31 Trump wants to expand aquaculture boom, but environmentalists dig in By Patrick Whittle, Associated Press President Donald Trump wants to dramatically expand aquaculture production in the United States, but a coalition of environmentalists believes his plan would be bad for the oceans, unnecessary for food security and difficult to implement. Continue reading
Aug 28 MGM Resorts lays off a quarter of its 70,000 American staff amid pandemic By Matt Ott, Associated Press MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people. Continue reading
Aug 27 As virus rages, U.S. economy struggles to sustain a recovery By Paul Wiseman, Associated Press The viral outbreak still rages and Congress remains deadlocked over providing more relief to tens of millions of people thrown out of work and to state and local governments whose revenue has withered. Continue reading
Aug 27 More than 1 million Americans file for unemployment, again By Paul Wiseman, Associated Press Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse. Continue reading
Aug 26 Watch 6:15 Trump touts his economic policies. What would he do in a 2nd term? By Paul Solman Throughout the Republican National Convention, supporters of President Trump have touted his economic record as a key reason they believe he should be reelected. But what would a second-term policy agenda look like for Trump, as the coronavirus pandemic continues… Continue watching
Aug 26 Powell edges toward loosening the Fed's stance on inflation By Martin Crutsinger, Associated Press In a sign of how vastly the U.S. economic landscape has changed, Federal Reserve Chairman Jerome Powell may be on the verge of sending a new message this week: That the Fed plans to leave its key rate pinned near… Continue reading
Aug 25 American Airlines to eliminate 19,000 jobs amid pandemic-driven downturn in travel By David Koenig, Associated Press American began the year with about 140,000 employees but expects fewer than 100,000 to remain in October. Continue reading
Aug 25 Many Americans shoring up finances amid downturn, poll says By Josh Boak, Emily Swanson, Associated Press A new poll from The Associated Press-NORC Center for Public Affairs Research finds 45% of Americans say they are setting aside more money than usual during the coronavirus pandemic. Continue reading