Jul 01 Federal Reserve meeting minutes show concern about steep economic downturn By Martin Crutsinger, Associated Press Fed officials noted that the crisis was not falling equally on all Americans. The minutes say officials discussed how the sharp rise in joblessness had been especially severe for lower-wage workers, women, African Americans, and Hispanics. Continue reading
Jun 26 What the government should learn from this pandemic, according to 7 economists By Candice Norwood As states are reopening, the economy is adding back some jobs, but the effects of the pandemic and recession will likely be felt for years. Continue reading
Jun 24 IMF downgrades outlook for global economy in face of virus By Martin Crutsinger, Associated Press The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in April. Continue reading
Jun 20 Watch 8:03 Why minority-owned businesses are struggling to get PPP loans By Ivette Feliciano, Connie Kargbo The Paycheck Protection Program or PPP provides federally-backed forgivable loans to businesses whose revenues may be impacted by the COVID-19 crisis. According to the Center for Responsible Lending, little of the $659 billion fund has made it to Latino and… Continue watching
Jun 15 Stocks sink worldwide as coronavirus infections rise again By Stan Choe, Associated Press The S&P 500 was down 0.9% in midday trading, though it pared its loss through the morning after being down 2.5% earlier. Continue reading
Jun 11 Watch 5:06 What the latest jobs numbers say about a U.S. economic recovery The number of weekly jobless claims is the lowest since the economic shutdown began in March, but it remains far above what the U.S. has experienced during other financial crises. Jerome Powell, chairman of the Federal Reserve, said earlier this… Continue watching
Jun 10 ‘We need help’: Small cities face fiscal calamity from virus By Michael Rubinkam, Associated Press Local officials in smaller cities and counties that were cut off from the $2 trillion coronavirus relief package passed by Congress in late March are now pleading for a massive cash infusion from the federal government to help them stave… Continue reading
Jun 05 Watch 3:09 News Wrap: WHO urges continued use of face masks worldwide In our news wrap Friday, worldwide deaths from COVID-19 neared 400,000, with more than quarter of those occurring in the U.S. The World Health Organization called for widespread use of face masks amid “evolving evidence” they can help reduce transmission. Continue watching
May 31 Graduating seniors share their hopes and concerns By Student Reporting Labs For many high school seniors, the future holds endless potential and multiple unknowns. That may be more true now than ever as society adjusts to the new realities of living under a global pandemic. PBS NewsHour Student Reporting Labs reached… Continue reading
May 27 Report says businesses pessimistic about economy’s pace of recovery By Martin Crutsinger, Associated Press Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer. Continue reading