Extra $600 in unemployment ends next month as millions of Americans remain out of work
Even as unemployment remains at an 80-year high, Congress is considering letting the extra $600 a week in jobless benefits expire at the end of July.
US economic recovery from coronavirus pandemic will take 'some time,' Fed's Evans says
Evans said the economy may not return to pre-crisis levels until there is a treatment or vaccine for COVID-19
Mnuchin opens door to delaying tax filing deadline again. Who would benefit?
By extending the deadline, the federal government allowed individuals and businesses to hold onto their cash longer as they deal with the fallout from the outbreak of the virus.
SBA officially updates PPP forgiveness rules loosening restrictions on loan recipients
The SBA amended its rules for loan recipients seeking forgiveness in order to be consistent with the changes passed by Congress earlier this month.
Bankruptcy is extra burden for some job seekers
Federal law allows private employers to turn down a job applicant because of a past bankruptcy filing
New bipartisan bill would expand tax break for charitable giving
Charities are struggling during the pandemic and subsequent economic lockdown after fundraising events were canceled.
China has 'picked up its game' on trade, Kudlow says
Kudlow's comments came one day after Peter Navarro, President Trump's trade adviser, said during a Fox News interview that the trade deal between the world's two largest economies is "over."
Fed's Rosengren sees difficult second half for US economy
The Fed's Main Street lending facility will provide "insurance" against a difficult second half of the year, Rosengren said
US banks have grown by $2T in deposits since coronavirus pandemic started
The Fed’s latest report suggests that Americans socked away money during the outbreak of the virus and subsequent lockdown instead of spending it.
Small businesses could receive second PPP loan under new proposal
Eligible businesses must have exhausted their initial PPP loan, or be on pace to spend the aid in order to qualify for another loan.
Rally in raw materials signals economic rebound
The recent gains come after coronavirus lockdowns dented commodity prices earlier in the year and are a boon for battered producers
Job recruitment adopts social distancing as coronavirus alters practices
The coronavirus pandemic has forced employers to switch up how they bring in new workers, including offering curbside job fairs
White House economic adviser Kevin Hassett leaving this summer
White House economic adviser Kevin Hassett will depart his unpaid position this summer, the White House confirmed to Fox News on Monday.
US charitable giving surged to record-high $450B last year
Giving in 2019 reached the highest level on record based on dollar amount.
Black business owners hit hardest by coronavirus pandemic
Many small businesses are struggling to stay afloat during the worst economic crisis since the Great Depression because they often lack the access to loans and capital that bigger businesses have.
Federal Reserve to set bank capital levels via pre-pandemic stress test model
Fed Vice Chair Randal Quarles said in a speech that the Fed is testing banks against three possible economic trajectories of varying severity to see how they perform
Fed's Rosengren says more support likely needed to bolster US economy
Boston Fed President Eric Rosengren warned the continued spread of the coronavirus could hinder the economy's recovery from the pandemic and the shutdown
Second-half economic recovery 'has begun': Kevin Hassett
White House senior adviser Kevin Hassett credited the Paycheck Protection Program (PPP) for the quick economic recovery after coronavirus.
Coronavirus pandemic could cost state governments over $16B in hotel tax revenue
Travel restrictions implemented in response to the outbreak of the virus grounded planes worldwide, gutting the travel industry.
How much does a Federal Reserve chair earn?
In his capacity as chairman of the world's most powerful central bank, Powell is tasked with trying to ensure that, once the virus outbreak subsides, the American economy can return to pre-crisis levels.

















