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US Treasury urges Congress to raise US debt limit

Reuters
Posted at Sep 28 08:45 PM

US Treasury Secretary Janet Yellen said the recovery from a COVID-19 pandemic-induced recession remains fragile but rapid. Read more »

US weekly jobless claims fall

Lucia Mutikani, Reuters
Posted at Aug 05 09:08 PM

The number of Americans filing new claims for unemployment benefits declined further last week. Read more »

Biden to unveil $2 trillion 'once-in-a-century' infrastructure plan

Jerome Cartiller, Agence France-Presse
Posted at Mar 31 08:16 PM

President Joe Biden will on Wednesday propose a $2 trillion infrastructure plan aimed at modernizing the United States' crumbling transport network, creating millions of jobs and enabling the country to "out-compete" China.   Read more »

Biden pushes elusive 'Buy American' goal with new federal contract guidelines

Andrea Shalal and Timothy Aeppel, Reuters
Posted at Jan 25 07:22 PM

President Joe Biden will take steps on Monday to harness the purchasing power of the United States government, the world's biggest single buyer, to increase domestic manufacturing and create markets for new technologies, a senior administration official said. Read more »

Biden unveils plan to pump $1.9 trillion into pandemic-hit economy

Jeff Mason and Jarrett Renshaw, Reuters
Posted at Jan 15 09:51 AM

President-elect Joe Biden unveiled a $1.9 trillion stimulus package proposal on Thursday, saying in prime-time remarks that bold investment was needed to jump-start the economy and speed up the U.S. response to the coronavirus pandemic. Read more »

Biden to unveil economic plan as US recovery buckles

Agence France-Presse
Posted at Jan 14 10:14 AM

President-elect Joe Biden on Thursday will unveil his plan to revive the US economy, as evidence mounts that its recovery from the coronavirus pandemic is flagging despite trillions of dollars in government spending. Read more »

Treasury nominee Yellen warns of 'self-reinforcing' US downturn, vows to aid needy

Tim Ahmann and Nandita Bose, Reuters
Posted at Dec 02 08:30 AM

President-elect Joe Biden's treasury secretary nominee Janet Yellen said on Tuesday the United States is experiencing a historic crisis due to the coronavirus pandemic and its economic fallout that requires urgent action to avert a "self-reinforcing" downturn. Read more »

How will Joe Biden change life for US businesses?

Juliette Michel, Agence France-Presse
Updated as of Nov 10 08:43 AM

President-elect Joe Biden, a champion of green energy and a higher minimum wage, could prove to be a game-changer for some US businesses.   Read more »

Why the Biden economy could be the same slog as the Obama economy

Neil Irwin, The New York Times
Posted at Nov 09 02:19 PM

Joe Biden will be inaugurated in January amid an economy that is likely to be slowly recovering from collapse. The Senate will probably be in the hands of Republicans — an opposition party perhaps willing to do enough to try to prevent steep damage to the economy and markets but unwilling to embrace the kind of multitrillion-dollar spending agenda that could generate a Biden boom.  Read more »

US economy entered recession in February, business cycle arbiter says

Howard Schneider, Reuters
Posted at Jun 09 09:21 PM

The US economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group said on Monday. Read more »

Virus, low oil prices take toll on April US inflation

Agence France-Presse
Posted at May 12 10:43 PM

Falling prices for just about everything besides food sent US inflation dropping in April by the largest amount since the global financial crisis in 2008, government data showed Tuesday. Read more »

Coronavirus delivers record blow to US retail sales in March

Lucia Mutikani, Reuters
Posted at Apr 15 09:21 PM

US retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades.   Read more »

JPMorgan CEO Dimon calls 'bad recession', mulls suspending 2020 dividend

Anirban Sen and Elizabeth Dilts Marshall, Reuters
Posted at Apr 06 09:40 PM

Questions are mounting about whether big US banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans. Read more »

US Fed mounts aggressive new steps to combat coronavirus hit to economy

Reuters
Posted at Mar 23 08:46 PM

The US Federal Reserve on Monday said it would begin backstopping an unprecedented range of credit for households, small businesses and major employers in an effort to offset the "severe disruptions" to the economy caused by the coronarvirus outbreak. Read more »

Stocks rise as governments throw kitchen sink at virus

John Biers, Agence France-Presse
Posted at Mar 20 06:18 AM

Beaten-down European and US stocks rose Thursday, as markets weighed massive government stimulus efforts against early indicators of what is expected to be a deep and painful economic downturn. Read more »

Trump administration urges rapid stimulus approval as economy tanks

Heather Scott, Agence France-Presse
Posted at Mar 20 06:13 AM

Amid growing evidence of the damage inflicted on the US economy by the coronavirus pandemic, Treasury Secretary Steven Mnuchin is urging Congress to pass a $1 trillion emergency stimulus package immediately. Read more »