• Another Three Million Americans File For Unemployment

    Millions of Americans are relying on unemployment benefits for their livelihoods after losing their jobs to the coronavirus crisis. Another 3 million people filed initial unemployment claims last week on a seasonally adjusted basis, according to the Department of Labor. That brings the total number of first-time claimants to 36.5 million since mid-March. That represents 22.4% of the March […]

  • What small businesses need to know about the government’s new forgivable loan program

    Treasury Secretary Steven Mnuchin has promised that by this Friday small business owners can apply for a new, forgivable loan to help keep their businesses afloat during the coronavirus crisis. Nearly $350 billion has been allocated for that purpose in the new economic aid package signed into law last week. Unless further technical guidance is issued soon, it might be […]

  • Government shutdown cost economy $11 billion, budget office says

    Federal employees went back to work Monday after the longest shutdown in government history — but the economic effects will be felt for a long time. A report released Monday by the nonpartisan Congressional Budget Office found that the economy took an $11 billion hit, including $3 billion that’s gone forever, in the 35 days that parts of […]

  • Wilbur Ross: ‘I don’t understand why’ furloughed workers using food banks

    Commerce Secretary Wilbur Ross defended his take on the financial challenges facing furloughed federal workers Thursday afternoon amid a firestorm over his earlier comments that he did not “understand” why they might need help from homeless shelters and food banks. Ross said in an interview that his intention had been to make sure government workers […]

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