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US economy

Iranpress: Cyber attack shuts down US fuel pipeline ‘jugular

Cyber attack shuts down US fuel pipeline ‘jugular'

Sunday, 09 May 2021 11:12

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast’s fuel supply, after a cyber attack on Friday that involved ransomware.

Iranpress: Biden signs $1.9T stimulus bill helping US covid hit economy

Biden signs $1.9T stimulus bill helping US covid hit economy

Friday, 12 March 2021 05:34

Joe Biden signs a $1.9tn stimulus bill into law to paves the way for US Treasury to send out $1,400 cheques to most Americans amid a desperate economic situation due to pandemic.

Iranpress: US weekly jobless claims rise amid winter storms

US weekly jobless claims rise amid winter storms

Friday, 05 March 2021 04:46

The number of Americans filing new claims for unemployment benefits rose last week, likely boosted by brutal winter storms in the densely populated South in mid-February, though the labor market outlook is reportedly improving.

Iranpress: US debt burden to rise to 202% of GDP in 2051, CBO projects

US debt burden to rise to 202% of GDP in 2051, CBO projects

Friday, 05 March 2021 03:14

The US federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday.

Iranpress: US economy suffers by 3.5% decline in 2020

US economy suffers by 3.5% decline in 2020

Friday, 29 January 2021 02:54

The US economy shrank by 3.5% in 2020, the worst year for growth since 1946, as the coronavirus pandemic brought the country to a shuddering halt.

Iranpress: Joe Biden says economic crisis is deepening in US

Joe Biden says economic crisis is deepening in US

Saturday, 23 January 2021 03:22

The US president in a statement on Friday said that the economic crisis in his country is deepening.

Iranpress: Trump signs Covid-19 relief package into law

Trump signs Covid-19 relief package into law

Monday, 28 December 2020 05:44

US President Donald Trump has signed into law a coronavirus relief and spending package bill, averting a partial government shutdown.

Iranpress: US dollar share of global currency reserves fall again

US dollar share of global currency reserves fall again

Saturday, 26 December 2020 05:35

Data provided by the International Monetary Fund show that the dollar's share of world foreign exchange reserves fell again in the third quarter of this year.

Iranpress: Sanders says millions of Americans can not feed their children

Sanders says millions of Americans can not feed their children

Wednesday, 16 December 2020 02:38

The Democratic senator from the state of Vermont in a message on Twitter wrote that tens of millions of Americans could not provide the food their children need due to the pandemic of the Coronavirus and its effects on the US economy.

Iranpress: Coronavirus Pandemic fuels worst economic crisis of US

Coronavirus Pandemic fuels worst economic crisis of US

Friday, 16 October 2020 00:54

The United States feels the impact of the coronavirus pandemic as the Coronavirus Pandemic has plunged the US economy into the worst crisis in its history, officials acknowledged.

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