Mnuchin says remaining $135B in PPP fund could be repurposed
The remaining $135 billion in the PPP may be repurposed as the economic fallout from the pandemic continues, Treasury Secretary Steven Mnuchin said Tuesday.
Fed bought debt from Walmart, McDonald’s, Berkshire Hathaway and Microsoft as part of coronavirus response
A transaction list disclosed by the U.S. central bank on Sunday shows the first individual company bond purchases it's made through the secondary market corporate credit facility.
US consumer confidence beats expectations in June
The Conference Board said on Tuesday its consumer confidence index rose to a reading of 98.1 this month from a downwardly revised 85.9 in May.
PPP set to expire with $134 billion left over as Congress weighs next steps
On Tuesday, the final day for small businesses to apply for a forgivable loan through the Paycheck Protection Program, there remains $134 billion in the fund. What happens to the money now?
Biden pledges to roll back Trump's tax cuts: 'A lot of you may not like that'
The Trump administration permanently slashed the corporate tax rate from 35 percent to 21 percent with the passage of the 2017 Tax Cuts and Jobs Act.
Second coronavirus stimulus check under consideration: How did first $1,200 payment affect economy?
The massive government response to the outbreak of the virus and subsequent economic lockdown helped the poverty rate to remain mostly unchanged, new research shows.
US airlines face prolonged recovery from coronavirus pandemic, Goldman predicts
U.S. traffic trends have been slower to resume as a result of a resurgence of COVID-19 cases in the country.
SBA expected to release names of PPP loan recipients this week
The SBA is expected to release a tranche of data on Thursday revealing which business owners received PPP loans.
Small businesses seeking coronavirus relief have until June 30 to apply for PPP loan
Small businesses can apply for the money through their local bank, so long as it's an approved SBA lender, or through any federally insured depository institution, federally insured credit union and Farm Credit System institution that is participating.
Trump’s reelection is about jobs: Steve Bannon
Steve Bannon says to get reelected, President Trump needs to focus on jobs.
US jobs recovery plateaus as coronavirus case surge threatens economy
The number of unemployed Americans filing for jobless benefits dropped almost imperceptibly last week, evidence the job markets recovery is slowing
As US emerges from coronavirus pandemic, economy will see 'little interruptions,' Ross says
Ross said it's natural to see some interruption to economic activity as the U.S. begins to reopen from the coronavirus-induced shutdown
US consumer spending up 8.2%, partly erasing record plunge
Last month's rebound in consumer spending followed spending drops of 6.6% in March and 12.6% in April, when the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a recession.
US airline CEOs to hold White House meeting
Vice President Pence will host the meeting with other U.S. officials.
Extra $600 in unemployment benefits could expire before July 31 - here's why
The confusion of the language led some states to list July 31 as the end date of the benefits, when it's actually a few days earlier.
Actors union asks Disney to delay opening Florida parks too
The Actors' Equity Association said that it was unclear how Disney World could "responsibly" reopen as coronavirus cases continue to soar in the Sunshine State.
Coronavirus pandemic still keeping nearly 140,000 businesses closed, report shows
Nearly 140,000 Yelp-listed businesses that had closed at the beginning of March were still closed on June 15, Yelp data shows.
Treasury sent 1 million dead people coronavirus stimulus checks worth $1.4B, watchdog finds
The Government Accountability Office issued its findings as part of a sweeping review of the federal government's $3 trillion response to the virus outbreak.
Will Americans get a second coronavirus stimulus check? Your top questions answered
President Trump opened the door to another stimulus check this week. Here's everything you need to know about a possible second payment
Kudlow says coronavirus spike in some states could lead to shutdowns in certain places
The sudden resurgence in cases has rattled markets, threatening to derail the nation's slow, but steady, recovery from the pandemic.

















