Pelosi, Mnuchin Still Far Apart on Virus Stimulus Deal
U.S. House Speaker Nancy Pelosi told top Democrats Oct. 1 that she’s skeptical of getting a deal for a new economic stimulus in negotiations with Treasury Secretary Steven Mnuchin, according to two House Democratic officials.
October 1, 2020American, United to Lay Off 32,000 as Aid Talks Drag On
American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off thousands of employees as scheduled, spurning Treasury Secretary Steven Mnuchin’s appeal for a delay as he negotiates with Congress over an economic relief plan that includes payroll support for U.S. carriers.
October 1, 2020US Layoffs Remain Elevated as 837,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
October 1, 2020Mnuchin Says There Is Still No Agreement on Fiscal Stimulus
U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi.
September 30, 2020Biden Emphasizes Infrastructure Resilience, Electrification in Debate
Under his administration the highways of tomorrow would consist of thousands of charging stations for fleets of electric vehicles, former Vice President Joe Biden insisted during his first debate with incumbent President Donald Trump.
September 30, 2020Boeing Tempers Hoopla on Max’s Return After Crisis ‘Dug a Hole’
Boeing Co. is plotting a low-key comeback for the 737 Max, the grounded jetliner that has spent almost two years engulfed in controversy and tragedy after two fatal crashes, said people familiar with the matter.
September 30, 2020Airlines Near 50,000 Job Cuts as American, United Feel Squeeze
U.S. airlines are preparing to lay off tens of thousands of workers starting Oct. 1 unless they get additional federal aid, sparking a plea from Treasury Secretary Steven Mnuchin to hold off on the cuts amid signs of progress in talks with Congress.
September 30, 2020US Senate Advances Spending Bill to Avert Oct. 1 Shutdown
The Senate on Sept. 29 voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government.
September 30, 2020Mnuchin Sees One More Chance for Stimulus as House Readies Vote
Treasury Secretary Steven Mnuchin said he sees one more chance at securing a deal with Democrats on another fiscal stimulus package, while stopping short of embracing a bigger proposal than President Donald Trump already has signaled.
September 30, 2020749,000 Jobs Were Added in September, ADP Report Shows
U.S. companies added 749,000 jobs in September, a private report showed, indicating the labor market’s gradual rebound is continuing as demand rises from the depths of the coronavirus pandemic.
September 30, 2020