Aug 08 Watch 6:25 Could federal investment prevent an eviction crisis? While national and state eviction moratoriums have temporarily helped slow a pandemic-induced housing and homelessness crisis, they have a long-term impact. Matthew Desmond, a professor at Princeton University who helped build the first nationwide database on evictions joins Hari Sreenivasan… Continue watching
Aug 07 Watch 3:42 With no deal on pandemic relief bill, Trump says he'll use executive action The White House and congressional Democrats have again failed to agree on a new pandemic relief package. House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer met with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark… Continue watching
Aug 07 Watch 3:08 How these Americans are coping with the pandemic's financial fallout By Maea Lenei Buhre The economy has recovered some of the jobs lost during the early weeks of the pandemic -- but that growth now seems to be slowing. Millions of Americans still don’t have work, with many now receiving less money in unemployment. Continue watching
Aug 07 Last-ditch virus aid talks collapse with no new help for U.S. unemployed By Andrew Taylor, Associated Press This makes it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits and further damage for an economy pummeled by the still-raging coronavirus. Continue reading
Aug 07 U.S. sanctions pro-China leader of Hong Kong, other officials By Deb Riechmann, Matthew Lee, Associated Press The Treasury Department announced sanctions Friday on Carrie Lam, the leader of the pro-Beijing government, and 10 other officials. The sanctions are the latest in a string of actions the Trump administration has taken against China… Continue reading
Aug 07 U.S. added 1.8 million jobs in July, a sign that hiring has weakened By Christopher Rugaber, Associated Press Many employers have been reluctant or unable to hire, with about two-thirds of the nation having paused or reversed reopening plans early last month. Continue reading
Aug 07 Trump orders ban on dealings with Chinese owners of TikTok, WeChat By Tali Arbel, Associated Press The executive orders take effect in 45 days and could bar the apps from the Apple and Google app stores, effectively removing them from U.S. distribution. Continue reading
Aug 06 Watch 7:43 During economic collapse, business owners with criminal records are haunted by their past By Paul Solman, Sam Lane American businesses suffering through the pandemic’s economic fallout have received hundreds of billions of dollars in federal loans since the Paycheck Protection Program opened this spring. But accessing that funding was challenging for business owners with criminal records. Economics correspondent… Continue watching
Aug 06 Laid-off workers endure loss of $600 aid calling it a 'nightmare' By Sarah Skidmore Sell, Paul Wiseman, Associated Press Even if Congress does reach a deal, the extra unemployment amount is likely to be less than $600. By the time the money starts flowing, it could be too late for many Americans who are already in dire straits. Continue reading
Aug 06 Trump's Iran envoy quits administration as U.S. pushes embargo By Matthew Lee, Associated Press Brian Hook is leaving one day after Secretary of State Mike Pompeo said the U.S. would call for a U.N. Security Council vote next week on resolution to indefinitely extend the embargo beyond October. Continue reading