Wednesday, May 20, 2026
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Tag: US economy

US lawmakers renew stimulus push as focus shifts to Biden team

President-elect Joe Biden will present his economic team on Tuesday, as a bipartisan group of legislators makes a renewed push for another stimulus package...

Fed’s Powell stresses economic uncertainty, Treasury’s Mnuchin hails recovery

Washington—Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell offered mirror images of the state of the US economy as it navigates the...

US economic suffering may grow without stimulus – Fed

Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its...

Biden tackles stimulus,taxes to fix stricken US economy

Washington—When Joe Biden walks in to the White House as president in January, he will have the opportunity to reshape the world’s largest economy,...

Blowout US GDP growth report will obscure troubling slowdown

By Heather Scott Washington—After the worst downturn on record, the US economy is expected to post jaw-dropping growth of between 30 and 35 percent in...

Markets firmer on US stimulus hopes

Optimism that US lawmakers will eventually pass a new stimulus package lifted most global markets Monday, with the White House ramping up its offer...

Trump calls off talks on stimulus plan

Washington—President Donald Trump on Tuesday called off talks on a new stimulus plan to boost the Covid-ravaged US economy until after the election, sending...

US Treasury reaches loan deal with seven major airlines

Washington—The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans...

Fed seeks to offer reassurance amid stimulus package

Washington—Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the coronavirus downturn as it...

Fed bankers say American economy needs more stimulus

Washington"•Federal Reserve bankers voiced fear the US economy would need more aid to weather the coronavirus downturn as provisions of a key spending measure...

Trump advisor forecasts 20% GDP growth in Q3 and Q4

Washington"•The US economy will grow on the order of 20 percent in the third and fourth quarters, a top White House economic adviser predicted...

Fed to meet amid mixed indicators of US economy

The Federal Reserve meets next week amid mixed signals on the health of the US economy, with some sectors bouncing back from the coronavirus-caused...

US still reporting massive layoffs even as businesses try to reopen

Washington"•Layoffs caused by the coronavirus pandemic have reached 44.2 million in the US even as businesses try to reopen, and analysts warn of continuing...

Fed warns of uncertain path for post-pandemic US economy

Washington"•The Federal Reserve on Wednesday projected a solid rebound for the US economy next year amid optimism that the worst of the coronavirus pandemic’s...
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