The enormous, debt-funded unemployment benefits beefed up just several months ago de-incentivized work and created undue hurdles for businesses to bring back employees.
American Airlines announced Tuesday it would be laying off 19,000 employees once federal support from the CARES Act expires in October.
The Democrat proposal would give an average tax cut of $33,000 to the top 1 percent of income earners, says a Brookings Institution estimate.
Plans to release the coronavirus relief proposal fell apart Thursday afternoon.
While Thursday’s new jobs numbers show an 8-week decline in new first-time filings, new jobless claims still shatter previous records.
The Senate Banking, Housing, and Urban Affairs Committee will hold a virtual hearing on Tuesday on oversight of financial regulators amid the coronavirus pandemic.
Senate Minority Leader Chuck Schumer (D-NY) on Tuesday called for oversight hearings as early as next week over what he said is President Trump’s “abject…
The U.S. Senate Sergeant-at-Arms has reportedly advised members to cease the use of video conferencing app Zoom following a number of security issues being made…
Unemployment Claims Continue To Skyrocket Amid Wuhan Virus Pandemic With 6.6 Million New Filings Last Week
The three-week total of new unemployment claims is 16.8 million as the economic fallout over the Wuhan coronavirus continues to take its toll.
The House passed a substantial emergency relief bill on Friday afternoon that would provide aid to the small businesses, hospitals, and Americans suffering from the…
The Senate released the text for the $2 trillion coronavirus package Wednesday evening that would provide immediate economic relief to small businesses and Americans.
Exclusive: Joni Ernst Urges Americans to Support Each Other During Crisis, Knocks Schumer over Relief Package
Sen. Joni Ernst (R-IA) on Wednesday urged Americans to support each other as lawmakers work to strike a deal on a measure providing economic relief…
Hopes for quick progress on an economic rescue package in the U.S. Senate were crushed by Democrats Monday.
The bill includes a wish list of Democrats’ pet issues, including increased fuel emission standards for airlines and the expansion of wind and solar tax…
The rescue package has been introduced by Senate Majority Leader Mitch McConnell.