US economy

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.

Economy
Health & Safety

'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.

Queue Listen Now

Boxes of food are loaded on vehicles last month at the Los Angeles Regional Food Bank. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.

Economy
Health & Safety

It's Official: U.S. Economy Is In A Recession

2:32pm June 08, 2020

by Scott Horsley

The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.

President Trump prepares to sign the tax legislation in the Oval Office on Dec. 22, 2017. The GOP tax cut did not pay for itself, as promised, nor did it deliver a sustained boost to economic growth.

Economy
Politics & Government

After 2 Years, Trump Tax Cuts Have Failed To Deliver On GOP's Promises

4:42pm December 20, 2019

by Scott Horsley

The president said it would be "rocket fuel for our economy," but the Republican tax cut passed in 2017 did not pay for itself as promised — nor did it deliver a sustained boost to growth.