US Economy

January 19January 19
US hits debt ceiling, prompting Treasury to take extraordinary measures
- National
The US hit the debt ceiling set by Congress on Thursday, forcing the Treasury Department to start taking extraordinary measures to keep the government paying its bills and escalating pressure on Capitol Hill to avoid a catastrophic default.

Ceci Partridge
December 12December 12
Treasury Secretary Yellen predicts major inflation cooldown in 2023
- Money
Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation cooldown and stressing that a recession isn’t required to get prices back under control.

Ceci Partridge
April 09April 09
President Trump preparing to announce second task force focused on economic recovery
- National
President Donald Trump is preparing to announce a second coronavirus task force solely focused on reopening the nation’s economy, multiple sources told CNN. Senior aides such as Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow have been solely focused on the issue of restarting a wounded American economy for weeks, along with a coterie of aides. […]

Taylor Martinez
April 09April 09
The Fed just unleashed another $2.3 trillion to support the economy
- National
The Federal Reserve is continuing its extraordinary efforts to prop up the US economy in the wake of the coronavirus pandemic. The central bank announced a new $2.3 trillion round of loans that include even more support for small businesses and consumers — and, for the first time, for states, cities and municipalities, too. The Fed said […]

Taylor Martinez
April 03April 03
The US economy lost 701,000 jobs in March — worst report since 2009
- National
The American economy lost more jobs than it gained for the first time in a decade. In March, the economy shed 701,000 jobs, according to the Bureau of Labor Statistics. It was the first time the economy lost jobs in a month since September 2010, and the worst month for American jobs since the depths […]

Taylor Martinez
March 24March 24
Texas Lt. Gov. Dan Patrick: ‘I’m all in’ on risking my health to lift social distancing guidelines for economic boost
- Coronavirus
- Entertainment
(CNN) — Texas Lt. Gov. Dan Patrick said Monday night that he’s “not living in fear” of the novel coronavirus pandemic and is “all in” on lifting social distancing guidelines recommended by public health experts in order to help the economy. Patrick, who said he turns 70 next week, would be among the high-risk population that is […]
March 23March 23
President Trump itching to scale back social distancing after 15 day-period, aides say
- Coronavirus
- National
(CNN) — Another week of self-isolating — or, for many Americans, mandatory lockdowns — are raising tough questions for President Donald Trump on how long the coronavirus mitigation measures he recommended will last and whether they are worth the economic pain. Trump has suggested he believes they may not be. “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM […]
March 03March 03
Federal Reserve announces first emergency rate cut since the financial crisis
- National
(CNN) — The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak. It was the first unscheduled, emergency rate cut since 2008, and it also marks the biggest one-time cut since then. The […]

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