Trade agreement is working even as tensions rise. The U.S. Department of Agriculture reported that China recorded the single biggest-ever purchase of U.S. corn, extending its large imports…
Read MoreEconomy
U.S. Second Quarter GDP Drops by a Third
Record-breaking economic decrease due to COVID-19 shutdown. The Department of Commerce announced earlier this week that the United States had its worst quarter since statistics about the gross…
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Congress Rushes to Pass COVID-19 Relief by End of Week
Funding for expanded unemployment and housing relief ends on Friday. Monday kicked off negotiations between members of Congress as discussions took place about the next round of COVID-19…
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Commerce Department Reports Housing Sales Jump
Sales rates jump May and June after two month drop. The Commerce Department reported last week that they are seeing an unexpectedly positive rebound in the housing market,…
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Administration Economic Task Force Member Has Bold Idea
Reinvigorate the economy by abolishing one tax, adding another. Stephen Moore, a member of President Trump’s economic recovery task force and an economist at FreedomWorks, has set out…
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Federal Reserve Now Offering Lending to Nonprofit Organizations
Fed Hopes to help stabilize hospitals and social services during pandemic. The Main Street Lending Program, launched by the Federal Reserve on July 6 to lend money to…
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Labor Department Reports Drop in Wholesale Pricing
Decrease of 0.2% is part of steady decline in four of the past five months. The Labor Department gave their 6 month report on the Producer Price Index…
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USMCA Trade Deal Officially Begins
U.S. economy expected to grow by over $60 billion. On Wednesday, one of President Trump’s major efforts during his first term finally came into effect. The United States-Mexico-Canada…
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U.S. Manufacturing Bounces Back Amid COVID-19 Reopenings
Recovers Over 15% of production. The Department of Commerce announced on Wednesday that manufacturing in the United States had continued to grow as states began reopening following the…
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Commerce Report Shows Consumer Spending Uptick
CARES Act a major contributor to 8.2% spending increase. The Commerce Department released a report on Friday documenting American expenditures since the start of the pandemic. After rates…
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