Pennsylvania jobless claims jump over 2,000% as Trump says things are under control
A record 3.28 million Americans filed unemployment claims last week amid the coronavirus pandemic.
By Josh Israel - March 26, 2020A record 3.28 million Americans filed unemployment claims last week amid the coronavirus pandemic.
By Josh Israel - March 26, 2020‘To be honest with you, I just think these numbers right now are not relevant,’ Treasury Secretary Steve Mnuchin said.
By Oliver Willis - March 26, 2020‘There is no time to waste.’
By Derek Kilmer - March 24, 2020The coronavirus response has tanked the economy, causing thousands to lose their jobs.
By Associated Press - March 23, 2020Kevin Hassett will return to the White House as an adviser to Trump amid a growing economic crisis and global pandemic.
By Dan Desai Martin - March 20, 2020Most renters will not be eligible for eviction protections, despite what Donald Trump said this week.
By Associated Press - March 20, 2020Trump has frequently touted market gains as a reason for voters to reelect him in November.
By Emily Singer - March 18, 2020McConnell once described the 2009 stimulus as a ‘trillion dollar mistake.’
By Oliver Willis - March 17, 2020‘Americans need cash now,’ Secretary Steve Mnuchin told reporters this week.
By Oliver Willis - March 17, 2020Trump’s top economic adviser Larry Kudlow said three weeks ago the coronavirus was ‘contained.’
By Oliver Willis - March 16, 2020The former chair of the Council of Economic Advisers also predicted unprecedented job losses.
By Emily Singer - March 16, 2020The Dow opened down more than 1,600 points, triggering an automatic stop to trading for the second time in as many weeks.
By Emily Singer - March 12, 2020The Dow Jones Industrial Average briefly dropped more than 2,000 points as investors panic over the economic fallout of the novel coronavirus.
By Associated Press - March 09, 2020The Trump administration has been criticized for its inadequate response to the coronavirus outbreak.
By Oliver Willis - March 09, 2020Trump top economic adviser Larry Kudlow says Trump has brought a ‘complete change’ to the attitude of American workers.
By Oliver Willis - February 28, 2020Financial experts warn of a potential recession and some patients previously treated for the COVID-19 disease are still testing positive after being released from quarantine.
By Dan Desai Martin - February 28, 2020The market continued its downward trend as the government announced a new case in California that shows signs the coronavirus may be spreading.
By Associated Press - February 27, 2020‘Disruption to everyday life might be severe,’ a CDC vaccine expert said.
By Emily Singer - February 25, 2020Markets across the world lost value as worries about the spread of coronavirus have increased.
By Oliver Willis - February 24, 2020Trump promised annual growth of more than 4%. His Council of Economic Advisers just predicted this year won’t even reach 2.5%.
By Josh Israel - February 20, 2020Trump keeps trying to take credit for economic gains that began under his predecessor.
By Oliver Willis - February 17, 2020The White House has informed Congress that Trump will scale back pay raises for federal workers next year to just 1%.
By Dan Desai Martin - February 13, 2020South Carolina Rep. Tom Rice also pointed to the relative affordability of Myrtle Beach, South Carolina, as proof that the nation is booming.
By Josh Israel - February 12, 2020Gains in the overall stock market are only half of what Trump implied.
By Associated Press - February 12, 2020Russell Vought, acting director of the Office of Management and Budget, sidestepped lawmaker’s questions during a hearing on Wednesday.
By Oliver Willis - February 12, 2020Trump’s trade war with China has led to huge job losses, according to the Federal Reserve.
By Dan Desai Martin - February 04, 2020Donald Trump promised his tax cuts would bring 4%, 5%, and maybe even 6% growth. He got just 2.1% last quarter.
By Josh Israel - January 30, 2020Despite his boasts this week at the World Economic Forum in Davos, roughly half of Americans in a recent poll graded Trump’s job performance as below satisfactory.
By Josh Israel - January 21, 2020Fact-checking his wildest claims.
By Associated Press - January 20, 2020The United States is one of just a handful of countries that lacks a federal paid family leave policy.
By Associated Press - December 23, 2019