White House and House Speaker yet to agree on terms. Senate Majority Leader Mitch McConnell said a proposal will be introduced in the Senate this week to provide…
Read MorePandemic Recovery
Weekly Jobless Claims Stay Below 1 Million
Drop was more than expected. The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19…
Read More
Administration Announces Eviction Moratorium
CDC order stops evictions until the end of 2020. In an order released by the Centers for Disease Control and Prevention (CDC) this week, the Trump Administration announced…
Read More
Safe Vaccine by Year End, Administration Predicts
Vaccine possible by Election Day, FDA chief says. A vaccine against the coronavirus is on the near horizon, government officials are saying. Dr. Anthony Fauci predicted there will…
Read More
Administration to Purchase 150M Rapid COVID-19 Tests
The self-contained tests yield 15-minute results. Under a new agreement between President Trump’s Administration and Abbott Laboratories, the government will acquire almost all of the 15-minute COVID-19 tests…
Read More
Economy Showing ‘Signs of Life,’ Fed Official Says
Still in a “tentative” stage, she added. Esther George, the President of the Kansas City Federal Reserve, said the economy is beginning to show “signs of life,” and…
Read More
Congress Rushes to Pass COVID-19 Relief by End of Week
Funding for expanded unemployment and housing relief ends on Friday. Monday kicked off negotiations between members of Congress as discussions took place about the next round of COVID-19…
Read More
Commerce Department Reports Housing Sales Jump
Sales rates jump May and June after two month drop. The Commerce Department reported last week that they are seeing an unexpectedly positive rebound in the housing market,…
Read More
Administration Economic Task Force Member Has Bold Idea
Reinvigorate the economy by abolishing one tax, adding another. Stephen Moore, a member of President Trump’s economic recovery task force and an economist at FreedomWorks, has set out…
Read More
PPP Loans Saved as Many as 3.2 Million Jobs
New study was conducted by MIT and Federal Reserve. The Paycheck Protection Program (PPP), a centerpiece of the Trump Administration’s economic response to the coronavirus pandemic, through hundreds…
Read More