Apr 01 Rent is due and many struggle to pay amid virus outbreak By Associated Press For millions of Americans, Wednesday is the first time the landlord is knocking on the door since the coronavirus outbreak turned the economy upside down. Continue reading
Mar 31 Watch 6:07 Amid economic crisis, food banks are struggling to keep all the newly hungry fed By Stephanie Sy, Casey Kuhn, Lena I. Jackson With unemployment soaring, the COVID-19 outbreak is taking a staggering toll on workers. Food banks are ramping up their services to meet the rising demand, even as donations, volunteers and supplies are limited. Meanwhile, organizations worry about keeping their own… Continue watching
Mar 30 Rent strike idea gaining steam during coronavirus crisis By Jim Salter, Associated Press Many cities have temporarily banned evictions, but strike advocates are demanding that rent payments be waived, not delayed, for those in need. Continue reading
Mar 27 Watch 9:26 House passes largest economic relief package in history after voting drama The House of Representatives returned to D.C. Friday to approve the largest economic relief package in U.S. history. Bipartisan agreement over the bill reflected lawmakers’ recognition of urgent need amid the coronavirus pandemic. Meanwhile, governors continued to plead for more… Continue watching
Mar 26 Watch 3:21 Stories from Americans who have lost their income amid the pandemic Wednesday’s huge rise in unemployment claims dwarfs all historical records in the U.S. Although nearly 3.3 million filed, many economists say the number still doesn’t reflect the full scope of people who have been laid off or furloughed or are… Continue watching
Mar 26 Watch 7:22 Summers: U.S. government should spend 'whatever it takes' to control virus Former Treasury Secretary Lawrence Summers has deep experience in economic policy. On Wednesday, he was among a bipartisan group of economic experts urging U.S. officials to prioritize resolving the pandemic’s medical emergency before trying to rectify its economic fallout. Summers… Continue watching
Mar 26 Watch 4:48 Trump says he's eager to sign economic relief bill into law President Trump’s Coronavirus Task Force held another news briefing on Thursday evening, at which Trump reiterated his desire to sign the Senate’s new pandemic economic aid package into law. But Trump continues to differ from state governments and health officials… Continue watching
Mar 26 U.S. jobless claims hit 3.3 million, quadruple previous record By Associated Press The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Continue reading
Mar 25 New unemployment benefit claims rise to levels unseen in recent U.S. history By Rebecca Santana, David A. Lieb, Associated Press U.S. Department of Labor figures to be released Thursday are expected to shatter the old record for the greatest number of new unemployment claims filed in a single week. Continue reading
Mar 19 Watch 5:50 Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one The coronavirus pandemic is causing immense economic damage. The number of Americans filing for unemployment benefits has surged as businesses nationwide close down and are forced to lay off workers. Has the country ever experienced anything like this? Paul Solman… Continue watching