WASHINGTON (AFP) – As spending remained high amid the coronavirus pandemic, the US budget deficit surged by 61 per cent in the first three months of the 2021 fiscal year, […]
Opinion | The Ghost of Sabotage Future
The not-a-stimulus deal Congress reached over the weekend — seriously, this is about disaster relief, not boosting the economy — didn’t come a moment too soon. Actually, it came much […]
US Fed opens policy final 2020 meeting amid uncertain economy
WASHINGTON (AFP) – US central bankers on Tuesday (Dec 15) opened their final policy meeting of the year to review how best to support the economy as the Covid-19 vaccine […]
DealBook: No Relief in Sight
Good morning. (Was this email forwarded to you? Sign up here.) Let’s call the whole thing off? Hours after the Fed chairman, Jay Powell, warned that the U.S. economy would […]
The Week in Business: The Recovery Hits a Wall
If, like me, you’re deeply anxious about Tuesday’s presidential debate, here’s a distraction: all the business and tech news you need to know for the week ahead. Enjoy the rest […]
Americans Keep Spending, but Growth of Retail Sales Slows
“I think it will be much more difficult to see these gains going forward given that unemployment benefits have expired,” said Gus Faucher, chief economist at the PNC Financial Services […]
Coronavirus to shave trillions from US economy over 10 years
WASHINGTON (NYTIMES) – The US Congressional Budget Office projected on Monday (June 1) that the coronavirus pandemic would inflict a serious long-term blow to the United States economy, taking 3 […]
US manufactured goods sales plunge 17.2% in April
WASHINGTON (AFP) – New orders for US manufactured goods cratered in April by 17.2 per cent as the Covid-19 pandemic shut down factories nationwide, the Commerce Department reported on Thursday […]
Opinion | Trump Is Hurting His Own Re-Election Chances
Don’t be fooled by snapshot polls. By David Leonhardt Opinion Columnist The strangest part of President Trump’s coronavirus response is that it’s almost certainly damaging his chances of re-election. I […]
Whatever it takes: How the Fed aims to rescue the US economy
NEW YORK (NYTIMES) – The Federal Reserve on Monday (March 23) pledged to do, in essence, whatever it takes to keep the US economy from collapsing under the weight of […]