ECONOMY

Pandemic Forces Famed New Orleans Restaurant To Close

7:31am July 14, 2020

NPR's Noel King talks to Ian McNulty, who covers New Orleans food culture, about K-Paul's Louisiana Kitchen, an iconic restaurant in the city's French Quarter, announcing it will close permanently.

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Is It Time To Kill The Penny?

6:30am July 14, 2020

by Greg Rosalsky

As America experiences a coin shortage, Planet Money takes a look at the value of the penny.

News Brief: Reopening Setback, Rules For International Students, South China Sea

6:22am July 14, 2020

COVID-19 surge forces California to slow reopening. U.S. court hearing may decide the fate of more than a million international students. And, South China Sea becomes a dangerous military flashpoint.

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With three months left in the government's fiscal year, the U.S. federal deficit is already nearly twice as large as the previous record, which was set in 2009 during the Great Recession.

Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth

5:33pm July 13, 2020

by Scott Horsley

The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion — more than in an entire typical year.

Residents Of Alaskan Town Receive Monthly Stipend Not To Move Away During Pandemic

7:58am July 12, 2020

Southeast Alaska's economy is getting hammered without cruise ship tourists due to COVID-19. One city there is using its federal relief money to pay residents not to move away.

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Reporter On Catholic Church Getting Over $1 Billion In Coronavirus Aid

3:46pm July 10, 2020

NPR's Mary Louise Kelly speaks with Michael Rezendes of The Associated Press on its investigation into the U.S. Roman Catholic Church receiving over $1 billion in coronavirus aid.

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Presumptive Democratic presidential nominee Joe Biden discusses his economic policy Thursday at McGregor Industries in Dunmore, Pa.

Biden Counters Trump's 'America First' With 'Build Back Better' Economic Plan

5:24pm July 09, 2020

The presumptive Democratic nominee's proposal includes a $700 billion investment in procurement and research and development for new technologies.

Joe Biden Lays Out His Economic Recovery Plan

4:02pm July 09, 2020

by Danielle Kurtzleben

Presumptive Democratic nominee Joe Biden unveiled his economic recovery plan Thursday. He outlined steps for immediate relief, with a focus on mobilizing manufacturing in the United States.

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United Airlines says it plans to furlough up to 36,000 employees as the pandemic continues to batter the travel industry and much of the economy.

'Devastated': As Layoffs Keep Coming, Hopes Fade That Jobs Will Return Quickly

11:29am July 09, 2020

by Scott Horsley

Applications for jobless benefits are up again. "What we're seeing now is that lots more people who are unemployed are going to be unemployed for a longer period of time," economist Nick Bunker says.

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President Trump speaks as Treasury Secretary Steven Mnuchin (right) and Larry Kudlow, director of the National Economic Council, listen during a news briefing on July 2.

The Economy May Be Losing Its Impact On Presidential Elections

10:55am July 09, 2020

by Danielle Kurtzleben

Conventional wisdom (and some logic) says that a bad economy will hurt President Trump in November. But growing polarization may be severing the tie between economic health and voters' choices.