ECONOMY

Americans Struggle To Make Ends Meet As Chaos Surrounds Talks For More Pandemic Aid

4:08pm October 07, 2020

by Scott Horsley

President Trump abruptly pulled out of negotiations for more pandemic aid, then seemed to reverse himself. Forecasters say without federal help, recovery will take longer and be more painful.

White House Eyes Piecemeal Pandemic Aid After Trump Ends Talks On Overall Package

1:01pm October 07, 2020

But a top aide to Speaker Nancy Pelosi tweeted that she spoke to the treasury secretary Wednesday about a standalone measure to help airlines. A previous attempt to do this failed amid GOP opposition.

Hopes For More Federal COVID-19 Relief Coming Any Time Soon Are Dashed

8:05am October 07, 2020

by Scott Horlsey

Stock prices dropped sharply Tuesday after President Trump called on his representatives to stop negotiating with Democrats on another coronavirus stimulus package until after the November election.

Queue Listen Now

Trump Puts An Abrupt Halt To Coronavirus Relief Bill Talks

4:28am October 07, 2020

by Kelsey Snell

President Trump tweeted that he told to end any negotiations over another pandemic relief bill, saying he wanted to wait until after the election. Both sides were still far apart on a deal.

Queue Listen Now

Federal Reserve Chairman Jerome Powell testifies last month during a House Select Subcommittee on the Coronavirus Crisis hearing. Powell continues to warn the U.S. economy needs more stimulus to recover from the pandemic.

Fed's Jerome Powell Calls For More Economic Aid, Warning 'Weakness Feeds On Weakness'

5:40pm October 06, 2020

by Scott Horsley

Powell renews his call for congressional action on the economy, but President Trump tells his representatives to stop negotiating on new relief until after the election.

Sen. Kamala Harris, D-Calif., addresses the media on Jan. 21, 2019, at Howard University in Washington, D.C., after announcing earlier in the day that she is seeking to become the first African American woman to hold the office of U.S. president.

Where Kamala Harris Studied Economics

2:18pm October 06, 2020

by Greg Rosalsky

Kamala Harris has called her time at Howard University "one of the most important aspects of my life." Much of that time was spent studying economics.

As COVID-19 Cases Rise, NYC's Mayor Aims To Rollback Reopening

6:24am October 05, 2020

by Joel Rose

New York City Mayor Bill de Blasio is proposing to shut down schools and non-essential businesses in nine zip codes in Brooklyn and Queens, which have had high positivity rates in recent days.

The stock market fell after President Trump tested positive for the coronavirus at a time when investors were already getting concerned about the pace of the economic recovery and the lack of a new stimulus bill from Congress.

Trump's Positive Coronavirus Test Result Roils Financial Markets

4:28pm October 02, 2020

by Scott Horsley

Markets face a double whammy of bad news after the president's health upended an election heading into its final stretch and the September jobs report proved disappointing.

Queue Listen Now

U.S. Employers Added 661,000 Jobs In September

4:12pm October 02, 2020

by Scott Horsley

Job growth slowed in September as U.S. employers added just 661,000 jobs. Unemployment dipped to 7.9%, largely driven by people leaving the workforce.

Queue Listen Now

Last month, women left jobs at four times the rate that men did. A new school year with children staying home instead of returning to classrooms in person led many women to drop out of the workforce.

Economy

Enough Already: Multiple Demands Causing Women To Abandon Workforce

3:31pm October 02, 2020

Women left jobs at four times the rate of men in September. The burden of parenting and running a household while also working a job has created a pressure cooker environment that's pushing women out.