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economic downturn

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Jun 01

OPEC to increase oil output as global economy recovers

By David McHugh, Associated Press

Saudi Arabia's energy minister, the de facto leader among member countries, said that there were still "clouds on the horizon" despite recovering demand and the economy rebound in many countries.

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May 05

Federal judge strikes down CDC eviction moratorium, appeal expected

By Michael Casey, Associated Press

The Justice Department announced it would appeal the ruling Wednesday from the U.S. District Court in Washington, D.C., so there likely won't be any immediate impact.

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May 05

WATCH: Biden gives remarks on implementing the American Rescue Plan

By Associated Press

Under the Biden relief program, which started accepting applications on Monday, restaurants and bars can qualify for grants equal to their pandemic-related revenue losses, with a cap of $10 million per business and $5 million per location.

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Apr 14

Federal Reserve survey finds economy rebounding, helped by stimulus, vaccines

By Martin Crutsinger, Associated Press

The new survey released Wednesday showed that the Fed's business contacts around the country were expressing more optimism about the economy's outlook as activity accelerated.

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Apr 13

Virus impact to cause global ‘aftershocks’ says U.S. intel report

By Eric Tucker, Associated Press

A U.S. intelligence community report says the effects of the coronavirus pandemic are expected to contribute over the next year to "humanitarian and economic crises, political unrest, and geopolitical competition."…

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Mar 03

Pandemic puts more than one-third of nonprofits in financial jeopardy

By Glenn Gamboa, Associated Press

More than one-third of U.S. nonprofits are in jeopardy of closing within two years because of the financial harm inflicted by the viral pandemic, according to a study being released Wednesday by the philanthropy research group Candid and the Center…

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Feb 25

Biden directive expands jobless aid to more unemployed

By Christopher Rugaber, Associated Press

Those eligible include people who have turned down job offers because they believed the employers weren't providing sufficient protection from the coronavirus.

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Feb 24

Chairman Powell says Federal Reserve is in no hurry to raise interest rates

By Martin Crutsinger, Associated Press

Powell also warned Wednesday that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs.

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Feb 04

WATCH: Experts, leaders testify before House on the small business economy during COVID-19

By Joyce M. Rosenberg, Associated Press

As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees.

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Feb 02

WATCH: Senate Majority Leader Schumer holds press conference on COVID-19 aid

By Associated Press

"We are not going to dilute, dither or delay," Senate Majority Leader Chuck Schumer said Tuesday at a Capitol Hill press conference, "The needs of the American people are just too great."…

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