Economy

Democratic presidential candidate former Vice President Joe Biden leaves after speaking at Mountain Top Inn & Resort, Tuesday, Oct. 27, 2020, in Warm Springs, Ga. (AP Photo/Andrew Harnik)
October 27, 2020 - 9:38 pm
WARM SPRINGS, Ga. (AP) — Joe Biden traveled Tuesday to the hot springs town where Franklin Delano Roosevelt coped with polio to declare the U.S. is not too politically diseased to overcome its health and economic crises, pledging to be the unifying force who can "restore our soul and save this...
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courtneyk/iStock
SKY News
October 22, 2020 - 8:39 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- Weekly unemployment filings dipped below the 800,000 mark for the first time in months, falling to 787,000 last week, the Department of Labor said Thursday. While the drop is a welcome sign for an economy still entrenched in a pandemic-induced...
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Passers-by examine a storefront window, Tuesday, Sept. 15, 2020, in Boston's fashionable Newbury Street shopping district. Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday, Oct. 16, that retail sales grew 1.9% last month.AP Photo/Steven Senne)
SKY News
October 16, 2020 - 9:22 am
NEW YORK (AP) — Retail sales rose strongly in September, the fifth consecutive month of growth, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday that retail sales jumped 1.9% last month. That's much better than the 0.8% rise economists expected...
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A Marine is posted outside the West Wing of the White House, signifying the President is in the Oval Office, Wednesday, Oct. 7, 2020, in Washington. (AP Photo/Evan Vucci)
SKY News
October 07, 2020 - 6:59 pm
WASHINGTON (AP) — President Donald Trump on Wednesday credited an experimental drug treatment with helping his recovery from COVID-19 and suggested his diagnosis could be a “blessing in disguise" for the nation's battle against the pandemic — even though there is no way for the president or his...
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Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
SKY News
October 07, 2020 - 2:32 pm
WASHINGTON (AP) — Federal Reserve officials last month believed that while the U.S. economy was recovering faster than expected, it faced ongoing threats, including a failure by Congress to provide further rescue aid. The Fed on Wednesday released minutes of its most recent meeting, showing that...
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Pres. Donald Trump returns to White House after hospital stay with virus
Getty Images
SKY News
October 07, 2020 - 5:27 am
President Donald Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after the election. Trump’s move came amid warnings from his Federal Reserve chairman about deteriorating conditions in the economy. Trump tweeted that House...
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The White House is seen in Washington, early Tuesday, Oct. 6, 2020, the morning after President Donald Trump returned from the hospital where he was treated for COVID-19. Traffic moves along K Street NW as TV crews set up in Black Lives Matter Plaza. (AP Photo/J. Scott Applewhite)
SKY News
October 06, 2020 - 10:51 pm
WASHINGTON (AP) — President Donald Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after the election despite ominous warnings from his own Federal Reserve chairman about the deteriorating conditions in the economy. Trump...
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The White House is seen in Washington, early Tuesday, Oct. 6, 2020, the morning after President Donald Trump returned from the hospital where he was treated for COVID-19. (AP Photo/J. Scott Applewhite)
October 06, 2020 - 6:28 pm
WASHINGTON (AP) — President Donald Trump, said to be making progress in his recovery from COVID-19, expressed eagerness to return to the campaign trail Tuesday even as the outbreak that has killed more than 210,000 Americans reached ever more widely into the upper echelons of the U.S. government...
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Senate Majority Leader Mitch McConnell, R-Ky., left, and Vice President Mike Pence, right, walk to hold a private meeting with Judge Amy Coney Barrett, President Donald Trump's nominee for the U.S. Supreme Court, at the Capitol in Washington, Tuesday, Sept. 29, 2020. (AP Photo/J. Scott Applewhite)
SKY News
October 01, 2020 - 12:00 am
WASHINGTON (AP) — By a sweeping bipartisan vote Wednesday, the Senate sent President Donald Trump a bill to fund the government through Dec. 11, averting the possibility of a government shutdown when the new fiscal year starts Thursday. Trump was still flying back to Washington late after a...
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American Airlines ticket agent Henry Gemdron, left, works with a customer at Miami International Airport during the coronavirus pandemic, Wednesday, Sept. 30, 2020, in Miami. The airline industry has been decimated by the pandemic. The Payroll Support Program given to the airlines as part of the CARES Act runs out Thursday. (AP Photo/Lynne Sladky)
SKY News
September 30, 2020 - 10:37 pm
American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airlines. American Airlines CEO Doug Parker said that if Washington comes up with a deal...
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