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US economy
Trump acknowledges economic stagnation in US
Saturday, 06 June 2020 01:42
The US president said the economy was in a state of recession due to the outbreak of coronavirus, and it would take 10 years for it to return to normal.
Republican grow nervous about losing Senate over Trump's handling of the Pandemic; Washington Post
Monday, 11 May 2020 11:17
Republicans are increasingly nervous they could lose control of the Senate this fall as a potent combination of a cratering economy, President Trump’s handling of the pandemic and rising enthusiasm among Democratic voters dims their electoral prospects.
US unemployment rate is highest since Great Depression
Friday, 08 May 2020 17:25
The US Labour Department has released the worst job report in American history, as payrolls fell by more than 20 million and the unemployment rate soared to 14.7 percent
Hardest hit for US economy since the Great Recession
Thursday, 30 April 2020 12:43
US gross domestic product (GDP) vital factor of US economic growth contracted 4.8 percent in the first quarter of this year, which is the sharpest decline since the height of the Great Recession in the late 2000s.
Tensions grow between Republicans over coronavirus expenditure, saving economy
Sunday, 26 April 2020 07:18
The economic havoc wreaked by the coronavirus pandemic is opening up a rift in the Republican Party as the Donald Trump administration and some Republican senators advocate for more aggressive spending while senior party leaders say now may be the time to start scaling back.
US deficit will extend to $3.7 trillion: Congress Budget Office
Saturday, 25 April 2020 03:30
A nationwide business shutdown and surge in US government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year.
White House advisor warns second-quarter US GDP fall could be biggest ever
Wednesday, 22 April 2020 01:16
White House economic adviser Kevin Hassett warned on Tuesday a reduction in second-quarter U.S. gross domestic could be the biggest in the history of the country.
Amazon workers group calls for strike over virus and environmental concerns
Friday, 17 April 2020 12:39
Along with workers of other giant firms in the US, Amazon tech workers are calling for a virtual one-day strike to pressure the online retail giant over warehouse safety conditions during the Coronavirus pandemic.
Parts of US economy will shut down due to coronavirus outbreak
Monday, 13 April 2020 07:43
Minneapolis Federal Reserve Bank President on Sunday said that the US economic recovery from the disruptions caused by the novel coronavirus outbreak will likely be a "long, hard road" in which some parts of the economy will periodically shut down and restart.
World in worst recession since great depression, IMF says
Friday, 10 April 2020 05:05
The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries suffering the most, the head of the International Monetary Fund said Thursday.
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