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The US government finally figured out how to help average Americans during an economic crisis. And then it all fell apart.

The massive aid bill passed by Congress actually helped Americans. Then political squabbles and .....»»

Category: topSource: businessinsiderOct 18th, 2020

Stimulus checks are a mere Band-Aid for Americans — amid fears of an even bigger economic crisis than the Great Recession

Economic impact payments would cover less than half of the average family’s monthly expenses, a new study found......»»

Category: topSource: marketwatchJun 1st, 2020

Congress finally learned something from the financial crisis. Most of the coronavirus aid is going to average Americans, not giant corporations.

Mark Wilson/Getty Images Despite protests from populists from both parties, the coronavirus aid package passed by Congress is not a hand out to giant corporations. Most of the aid goes to American families.....»»

Category: topSource: businessinsiderApr 5th, 2020

Economic Report: U.S. jobless claims sink for second straight week after a steep increase in early December

The number of Americans filing for jobless claims fell for the second straight week after a spike early in the month, the government said Thursday......»»

Category: topSource: marketwatchDec 26th, 2019

Percentage of unbanked Americans hits lowest level since crisis

A new government survey released Tuesday showed the percentage of Americans who did not have a checking or savings account fell to the lowest level since the 2007-2009 financial crisis......»»

Category: topSource: moneycentralOct 23rd, 2018

Economic Report: Jobless claims fall to five-week of 213,000 in mid-January, but more federal workers seek aid amid government shutdown

The number of Americans applying for jobless benefits through state unemployment programs fell slightly in mid-January to a five-week low, though more furloughed federal workers sought temporary financial help......»»

Category: topSource: marketwatchJan 17th, 2019

Economic Report: Jobless claims fall below 200,000 for first time since 1969, but tens of thousands of unpaid federal workers seek aid

The number of Americans applying for unemployment benefits through state programs fell below 200,000 for the first time since 1969 — even as new claims soared for furloughed government workers who file through a separate federal program......»»

Category: topSource: marketwatchJan 24th, 2019

Average credit scores rose slightly over the summer, despite record unemployment and economic pain

In July, the average credit score was 711 compared to a reading of 708 in April even as many Americans remain .....»»

Category: smallbizSource: nyt14 hr. 47 min. ago

Economic Report: U.S. federal budget deficit soars to record$3.1 trillion in 2020

The U.S. government ran a budget deficit of $3.1 trillion in the fiscal year that ended in September in order to pay for the largest fiscal response to an economic crisis since the Great Depression of the 1930s......»»

Category: topSource: marketwatchOct 16th, 2020

Nearly 9 million eligible Americans may miss out on $1,200 stimulus checks, GAO warns

The Government Accountability Office, Congress' auditing arm, said that possibly 8.7 million or more individuals eligible for the economic impact payments have yet to receive those payments because of inadequate IRS and Treasury Department .....»»

Category: topSource: chicagotribuneSep 21st, 2020

Economic Report: U.S. jobless claims fall in mid-September, but economy still appears to be suffering sizable layoffs

The number of Americans who applied for unemployment benefits through state and federal programs fell in September for the first time in a five weeks, but initial jobless claims are still very high and point to ongoing job losses due to the pandemic......»»

Category: topSource: marketwatchSep 17th, 2020

Capitol Report: U.S. poverty rate fell to record low in 2019 but the coronavirus is reversing the gains

The share of Americans living in poverty in 2019 fell for the fifth year in a row and dropped to the lowest level on record, but all the gains in recent years are being jeopardized by the widespread economic devastation caused by the coronavirus......»»

Category: topSource: marketwatchSep 15th, 2020

Economic Report: Consumer confidence tumbles to new pandemic low after summer viral outbreak

Consumer confidence fell in August to a new pandemic low after a fresh rash of coronavirus cases during the summer caused Americans to turn more pessimistic about an economic recovery, according to a closely followed survey......»»

Category: topSource: marketwatchAug 25th, 2020

Southwest exec says industry rebound could occur before all Americans vaccinated

Southwest Airlines, like other carriers, is trying to fight two problems at the same time. "Essentially what we have right now is two crises in one — you have a health crisis, and then you have an economic crisis," said Andrew Watterson, chief c.....»»

Category: topSource: bizjournalsAug 24th, 2020

Kamala Harris supports $2,000 monthly stimulus checks to help Americans claw out of pandemic ruin — and she"s long backed plans for Democrats to give people more money

(Photo by JEFF KOWALSKY/AFP via Getty Images) Biden picked Kamala Harris to be his vice presidential running mate on Tuesday, putting a former primary rival on the ticket. Harris appears to possess a simple economic instinct: The government .....»»

Category: topSource: businessinsiderAug 15th, 2020

Americans’ household debt fell for the first time since 2014 — but that doesn’t mean people are paying off their loans

The pandemic-fueled economic downturn hasn’t led to Americans going into default on their debts yet......»»

Category: topSource: marketwatchAug 6th, 2020

Bond Report: Treasury yields inch higher as eurozone retail sales returns to pre-crisis levels

U.S. Treasury yields rise on early Wednesday’s trade after strong economic data from Europe helps to ease demand for government bonds......»»

Category: topSource: marketwatchAug 5th, 2020

Economic Preview: This week we’ll learn the size of the hole the U.S. economy fell into when COVID-19 struck

On Thursday the government will report Q2 GDP and we’ll learn how much the economy contracted after COVID-19 arrived......»»

Category: topSource: marketwatchJul 26th, 2020

Economic Preview: Next week we’ll learn the size of the hole the U.S. economy fell into when COVID-19 struck

Next week the government will report Q2 GDP and we’ll learn how much the economy contracted after COVID-19 arrived......»»

Category: topSource: marketwatchJul 25th, 2020

Average Earnings Are Falling, Prices Are Rising: Economic Numbers Indicate Hard Times For Consumers

Real average hourly earnings for all employees fell 1.7% fro.....»»

Category: blogSource: benzingaJul 15th, 2020

Bond Report: Long-term Treasury yields inch lower after U.S. reports 1.31 million increase in jobless claims

U.S. long-term Treasury yields fell slightly on Thursday after the number of Americans filing for unemployment benefits continues to stay at elevated levels, underscoring the economic damage due to the COVID-19 pandemic......»»

Category: topSource: marketwatchJul 9th, 2020