WASHINGTON (Reuters) – US lawmakers on Tuesday will have another chance to criticize the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $ 3 trillion in emergency aid apportioned to stem the economic consequences of the new coronavirus pandemic . FILE PHOTO: Federal Reserve Chairman …
Read More »Fed Powell Emphasizes Uncertainty and Challenges Facing the US Economy
FILE PHOTO: US Federal Reserve Chairman Jerome Powell arrives to speak to journalists in Washington, USA, on March 3, 2020. REUTERS / Kevin Lamarque (Reuters) – US Federal Reserve Chairman Jerome Powell said Monday that prospects for the world’s largest economy are “extraordinarily uncertain” and will depend as much on …
Read More »A cash cliff spells trouble for America’s unemployed and everyone else
(Reuters) – Judith Ramirez is preparing for July. That’s when the hotel housekeeper and her electrician husband, who have been out of a job for three months, expect their combined unemployment benefits to drop by more than half, and their deferred mortgage payment of $ 1,500 per month due. his …
Read More »Australia sees largest daily increase in COVID-19 cases in two months
SYDNEY (Reuters) – Australia’s second most populous state said on Monday it is considering reimposing social distancing restrictions after the country reported its biggest one-day increase in new coronavirus infections in more than two months. Powered by the state of Victoria that reported 75 cases, Australia recorded 85 new COVID-19 …
Read More »A cash cliff spells trouble for America’s unemployed and everyone else
(Reuters) – Judith Ramirez is preparing for July. That’s when the hotel housekeeper and her electrician husband, who have been out of a job for three months, expect their combined unemployment benefits to drop by more than half, and their deferred mortgage payment of $ 1,500 per month due. his …
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