You Searched For "coronavirus economic aid" and got 20 results
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2 mins read
Bank of America lifts its forecast for US economic growth on hopes for sweeping Biden-backed stimulus
The bank's economists expect stronger consumer spending to boost US GDP by 4% in the first quarter …
Ben Winck
2 mins read
The most effective stimulus bill will boost unemployment benefits and PPP in order to drive economic growth, JPMorgan says
PPP loans were fairly ineffective earlier in the year, but vaccine rollouts can transform the progr…
Ben Winck
2 mins read
Janet Yellen isn't likely to immediately revive the Fed's expired relief programs, report says
Five lending facilities expired at the end of last year after the Treasury called on the Fed to ret…
Ben Winck
1 min read
One alarming chart shows virus cases spiked soon after initial stimulus efforts were exhausted
Key elements of the CARES Act expired in July, just as US virus cases surged and the pace of econom…
Ben Winck
10 mins read
How the pandemic upended the US job market in 2020, leaving permanent scars in its wake
Just over half of the 22 million US jobs lost during the pandemic have been regained, but lasting s…
Ben Winck,Juliana Kaplan
4 mins read
The $5 trillion in pandemic-era stimulus is more than triple Great Recession-era aid - and suggests a permanent shift in the way Congress spends
The $2.2 trillion CARES Act and President Donald Trump's $1.9 trillion tax cut also signify Congres…
Ben Winck
2 mins read
US consumer spending leaps as late-December stimulus hits households, Bank of America says
Credit- and debit-card spending gained overall but was considerably higher for those earning less a…
Ben Winck
3 mins read
The stimulus-plan compromise backed by top Democrats scraps a fresh wave of $1,200 direct payments that economists want
A group of 127 economists said in a late-November letter that the absence of new payments could pro…
Ben Winck,Joseph Zeballos-Roig
2 mins read
US weekly jobless claims slide to 900,000 as coronavirus fallout continues into the Biden presidency
Continuing claims, which track Americans receiving unemployment benefits, dropped to 5.1 million fo…
Ben Winck
2 mins read
US retail sales rose less than expected in October as the economic recovery slowed
The reading marks a sixth straight monthly improvement, although its still a sizable drop from Sept…
Ben Winck
3 mins read
A GOP senator's push to stifle Fed lending is the latest example of Republicans hampering stimulus progress
Democrats balked at the GOP senator's request, saying it was a last-minute demand not previously me…
Ben Winck
6 mins read
Inadequate stimulus will create the same risks that crippled the economic recovery following the Great Recession, experts say
Budget shortfalls threaten additional job cuts, gutted social programs, and can cripple states' abi…
Ben Winck,Joseph Zeballos-Roig
2 mins read
US retail sales rose more than expected in September as the economic recovery picked up
The reading marks the fifth straight month of improvement and shows the pace of spending growth rea…
Ben Winck
3 mins read
Americans used most of their stimulus checks for saving and paying off debt, Fed study shows
If a second round of payments goes out, Americans expect to save more of the cash and use slightly …
Ben Winck
2 mins read
US pandemic aid was 'a lot' – but it fueled a world-beating recovery and inflation is being managed, Fed's Powell says
"Was it too much? I'm going to leave that to the historians," Powell said. "But it was all founded …
Ben Winck
2 mins read
White House economic advisor breaks with Trump and says he's 'not so sure we need this massive stimulus bill'
After Congress finally passed the second stimulus relief package, which included $600 checks, Presi…
Yelena Dzhanova
2 mins read
One measure of unemployment suggests Biden's $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist
The labor market has recovered far faster than in past recessions when measuring unemployment with …
Ben Winck
2 mins read
US weekly jobless claims slide to 847,000 as stimulus debate continues
Continuing claims, which track Americans receiving unemployment benefits, sank to 4.8 million for t…
Ben Winck
3 mins read
Boosted unemployment benefits supported the labor market better than expected, University of Chicago study says
Extra unemployment payments during the pandemic boosted consumer spending while also keeping more A…
Ben Winck
4 mins read
The next recession will be mini compared to the last 2 — and feel completely different
"The type of recession we're looking at is not like a serious, massive downturn in consumer spendin…