May 24 Trump’s pitch to voters: Trust me, economy will soar in 2021 By Jill Colvin, Zeke Miller, Associated Press It's a delayed-reward tactic Trump was using long before the global pandemic gut-punched the country. He has turned to it with new urgency as the coronavirus has robbed him of the booming economy that was to be the core of… Continue reading
May 08 Watch 11:42 Shields and Brooks on DOJ’s Flynn reversal, Trump’s pandemic response Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the latest political news, including the Department of Justice’s request to throw out the case against Michael Flynn, the politicization of American government institutions… Continue watching
Apr 29 Economists say quick rebound from recession is unlikely By Martin Crutsinger, Associated Press Hopes are beginning to arise that the U.S. economy might be poised to rebound by the second half of the year. Yet most economists say such expectations should be kept in check. Continue reading
Apr 24 Coronavirus relief pushing U.S. deficits to staggering heights By Andrew Taylor, Associated Press A recession caused by the coronavirus pandemic and a burst of government spending will nearly quadruple the government’s budget deficit, the Congressional Budget Office said Friday. Continue reading
Apr 16 Watch 3:42 Stories from Americans struggling with the pandemic’s economic fallout The U.S. is experiencing a sudden spike in unemployment not seen since the Great Depression. In about a month, 22 million lost their jobs, with many more cuts yet to come -- and a sense that even these staggering numbers… Continue watching
Apr 16 Watch 4:55 The pandemic has wiped out nearly all job gains since recession — and it’s not done yet U.S. job losses resulting from the COVID-19 pandemic are simply staggering. So far, they are roughly equivalent to the number of jobs created since the last painful recession. Elise Gould, senior economist with the nonprofit Economic Policy Institute, joins Judy… Continue watching
Apr 14 IMF: Global economy will suffer worst year since Depression By Paul Wiseman, Martin Crutsinger, Associated Press Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. Continue reading
Apr 13 Short-term financial aid may not be enough during pandemic By Paul Wiseman, Associated Press Will the U.S. remain an outlier among wealthy countries in providing limited protections for the financially vulnerable? Or will it expand the social safety net, as it did after the Great Depression of the 1930s?… Continue reading
Apr 09 Federal action leads Wall Street to cap best week since 1974 By Stan Choe, Alex Veiga, Associated Press Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. The central bank announced programs to provide up to $2.3 trillion… Continue reading
Mar 31 Stocks fall, capping Wall Street’s worst quarter since 2008 By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Massive aid for the economy and markets from the Federal Reserve and Capitol Hill have helped spur some buying, although the S&P 500 and the Dow fell more than 1.5% Tuesday. Continue reading