Economy

Shutdown deadline looms over COVID-19 relief talks

By Andrew Taylor, Associated Press

Bearing down on a midnight shutdown deadline, top negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package are committed to sealing an agreement Friday as they resolve remaining differences in hopes of passing the legislation this weekend.

WATCH: Fed chair Jerome Powell discusses economy

By Christopher Rugaber, Martin Crutsinger, Associated Press

The Federal Reserve said it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.

U.S. hiring slows sharply to 245,000 jobs as virus intensifies

By Christopher Rugaber, Associated Press

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

U.S. jobless claims rise to 778,000 as pandemic worsens

The Labor Department's report Wednesday said jobless claims climbed from 748,000 the week before.

WATCH: Biden outlines plan to ease economic inequity amid pandemic

By Associated Press

Biden spoke about his plans to invest in infrastructure, technology and clean energy jobs, and create American manufacturing jobs by encouraging companies to make their products in the U.S.

Unemployment drops to 6.9 percent and U.S. adds a solid 638,000 jobs

By Associated Press

The gain suggested that a tentative economic recovery may remain intact even in the face of a surging viral outbreak.

Consumer confidence dips to 100.9 as virus spreads in U.S.

By Matt Ott, Associated Press

Consumer spending accounts for 70 percent of economic activity in the U.S., so a decline in confidence gets a lot of attention from economists, especially as the U.S. heads into the crucial holiday shopping season.

Roads to Election 2020: What, why and how Americans are voting this election

By PBS NewsHour Weekend

PBS NewsHour Weekend criss-crossed the country including key battleground states to speak to voters about issues they most care about and how they plan to vote. We also spoke with reporters at our partner public media stations across the nation…

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…

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