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
Oct 18 Watch 6:08 With a tax increase on the ballot can an Ohio city shore up its finances? By Hari Sreenivasan, Sam Weber, Connie Kargbo In the central Ohio city of Lancaster, the onslaught of the COVID-19 pandemic stretched already thin public safety resources. Despite aid from the federal CARES Act, city officials say they need more revenue to fund the fire department and police… Continue watching
Oct 17 Cuomo: Movie theaters in NY can open Friday, with limits By Associated Press Theaters in New York City aren’t included, and counties must have a positivity rate below 2% on a 14-day average and have no “cluster zones.”… Continue reading
Oct 16 U.S. budget deficit hits all-time high of $3.1 trillion By Martin Crutsinger, Associated Press The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic cut revenues and sent spending soaring. Continue reading
Oct 15 Watch 6:21 The moral questions about how traders may have profited off the pandemic In late February, when the pandemic was beginning to take hold in the U.S., President Trump and his team downplayed the risk to the American public. But a new report finds that key advisers to the president were conveying a… Continue watching