Second coronavirus outbreak could trigger severe economic pain, OECD says
The OECD said in a grim quarterly forecast that the global economy will be slow to return to pre-crisis levels
Fed economist argues negative interest rates needed to boost US economic recovery
Deploying negative interest rates could be one way for the U.S. central bank to ensure a rigorous economic rebound, according to one Fed economist.
Georgia was the first US state to reopen. What does its economy look like now?
So far, the state has not experienced a sustained surge in COVID-19 cases that critics warned would happen when the shelter-in-place order expired.
Waiting for your stimulus check and didn't file a tax return? IRS sets deadline to sign up for money
The Internal Revenue Service set an Oct. 15 deadline for non-filers to submit their address or direct deposit information through the “Non-Filers” tool.
US employers laid-off 7.7 million workers in April
U.S. employers laid-off 7.7 million workers in April, a sign of how deep the economic hole is as offices, restaurants, stores and schools are re-opening after being shuttered because of the coronavirus.
Fed should 'go to the sideline' as economy continues coronavirus recovery: El-Erian
The Fed is expected to share new economic projections this week for the first time since December.
Odds of another recession this year 'pretty high' if Congress doesn't pass more aid: Zandi
Congress has passed three massive stimulus packages totaling nearly $3 trillion to blunt the economic pain from the virus outbreak.
What is quantitative easing, and how does the Fed use it?
As of June 1, the Fed's balance sheet expanded to a record $7.16 trillion.
Fed expands Main Street lending program to allow smaller, bigger loans
Companies that were on sound financial footing pre-crisis and only damaged by the outbreak of the virus can tap the program.
Second coronavirus outbreak poses biggest risk to US economy, experts say
The virus has killed more than 110,000 Americans and triggered a shutdown of the nation’s economy that is without precedent.
States offering shared-work programs to help some businesses dodge layoffs
A shared-work program lets employers keep workers on the payroll in a limited capacity
New normal for job seekers is remote work despite coronavirus reopenings
Americans getting new jobs during the COVID-19 pandemic will likely be working from home despite offices reopening across the country, new data suggest.
Black business owners decimated by coronavirus pandemic, study finds
The report highlights a growing disparity in the economic toll of the crisis across racial groups.
US deficit soars to $1.9T in 8 months
Federal spending climbed 53 percent last month to $598 billion in May.
Will there be another coronavirus relief bill after surprise jobs gain? What we know
White House officials have maintained that another round of aid is still needed to incentivize economic growth.
Unemployment today is lower than May numbers show: Labor secretary
Economists were surprised after the Labor Department reported a lower-than-expected 13.3 percent unemployment rate last week
What type of economy does the US have?
In a true free-market economy, all property must be owned by private individuals and all goods and services must be privately provided.
Unemployment report 'biggest positive data shock' for markets in history: El-Erian
The Labor Department reported a lower-than-expected 13.3 percent unemployment rate.
Government job losses are piling up, and it could get worse
Even as the U.S. added some jobs in May, the number of people employed by federal, state and local governments dropped by 585,000.
Virus exposes sharp economic divide: College vs. non-college
Fewer than half of high school graduates are now working. Two-thirds of college graduates are.