Increase in spite of month of November year over year totals dropping. The Treasury Department reported a deficit totaling $429.3 billion in the first two months of the…
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Senators Join in Push for Stimulus Checks
Cash payments needed to mitigate economic effects of coronavirus. Senators Josh Hawley of Missouri and Bernie Sanders of Vermont have joined in an unusual bipartisan pairing to push…
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U.S. Trade Deficit Rises by 1.7%
Nation imports $64.1 billion more than it exports. The Commerce Department announced on Friday that the trade deficit grew by 1.7% in October, as the nation brought in…
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Labor Department Reports Climbing Unemployment
Data released last week updates covid impact. Labor Department reports paint an increasingly concerning picture of the impact of the pandemic on the U.S. economy. The most recent…
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President Remarks on the Dow Jones Reaching 30k
First time the stock market has gone so high. On Tuesday this past week, the Dow Jones Industrial Average exceeded previous records, ending above 30,000 for the first…
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Congress Considering Next Round of Aid for Americans
12 million Americans to lose unemployment benefits the day after Christmas. 12 million Americans are set to lose their emergency jobless benefits on December 26 if no further…
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U.S. Borrows to Offset Economic Impact of COVID-19
Nation’s budget deficit surpasses $284.1 billion. The United States will start 2021 with the largest budget deficit it has ever seen according to numbers released by the Department…
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Jobless Claims at Lowest Since March
Businesses lament lack of available workers. New applications for unemployment benefits fell sharply to 709,000 last week, down from 757,000 the week before. The numbers suggest layoffs are…
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Job Openings Near Pre-Pandemic Levels
Labor market is a good sign for economic recovery. The number of job openings in America has been climbing since spring and is now nearly back to where…
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President Promises Stimulus After Election
White House will return to negotiations with Congress after November 3. This past week, President Trump laid out his administration’s plan to bring much-needed COVID-19 relief to economically…
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