Business and Economic News

States on hook for billions under Trump's unemployment plan
Whether President Trump has the constitutional authority to extend federal unemployment benefits by executive order remains unclear. Equally up in the air is whether states, which are necessary partners in Trump's plan to bypass Congress, will sign on.
Trump end run around Congress raises questions on his claims
President Trump’s end run around Congress on coronavirus relief is raising questions about whether it would give Americans the economic lifeline he claims and appears certain to face legal challenges. Democrats called it a pre-election ploy that would burden cash-strapped states.
Coronavirus aid talks collapse in Washington
A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment at week's end, making it increasingly likely that Washington gridlock will mean more hardship for millions of people.
U.S. adds 1.8 million jobs in a sign that hiring has slowed
With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire. Even counting the hiring of the past three months, the economy has now recovered only about 42 percent of the 22 million jobs it lost to the pandemic-induced recession.
Last-ditch virus aid talks; Trump team heads back to Capitol
Trump administration negotiators are heading back to the Capitol for last-ditch talks on vital COVID-19 rescue money. Democratic leaders summoned them for another try with the negotiations teetering on the brink of collapse.