Fed’s Bullard Says ‘Full Recovery’ for US in Reach by Year End
Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the COVID-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end.
September 24, 2020Vote to Approve Yearlong Highway Law Extension on Senate’s Agenda
The extension of the law governing the country’s highway policies is before the Senate as part of legislation meant to avert a partial shutdown of federal agencies.
September 24, 2020Mnuchin Expects to Resume Talks With Pelosi on New Stimulus
Treasury Secretary Steven Mnuchin plans to resume talks with House Speaker Nancy Pelosi to work on a compromise for a new round of stimulus for the U.S. economy, according to a person familiar with the plans.
September 24, 2020Purge of Chinese Technologies Confusing, Rushed, Costly, Trucking Groups Say
Trucking industry groups said the rule requiring carriers to locate and purge technology made by five Chinese companies is confusing and doesn't give them time to complete their searches.
September 24, 2020US Jobless Claims Remain Elevated in Choppy Recovery
Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts.
September 24, 2020House Republicans Unveil NEPA Reform Bill
Legislation aimed at updating the environmental review process related to infrastructure projects recently was introduced by House Republicans.
September 23, 2020Self-Driving Car Bill Reintroduced in House Minus Biggest Backer
Legislation that would allow carmakers to sell as many as 100,000 self-driving vehicles per year in the U.S. is being reintroduced in the U.S. House of Representatives, but one of its biggest cheerleaders is staying on the sidelines until next year.
September 23, 2020ASCE Report: Underfunded Infrastructure Will Seriously Impact Economy
Failure to properly invest in the nation’s deteriorating surface transportation infrastructure will inflict significant negative consequences on the economy, according to preliminary findings from the American Society of Civil Engineers.
September 23, 2020California Aims to End Sales of New Gas-Powered Cars, Trucks by 2035
California will aim to halt sales of new gasoline-powered passenger cars and trucks by 2035, Gov. Gavin Newsom announced Sept. 23, a move he says would cut greenhouse gas emissions by 35% in the nation’s most populous state.
September 23, 2020Oil Pares Gains as Stocks Slip on Fed Warnings on Economy
Oil pared its advance Sept. 23 as stocks fell on the latest warnings from Federal Reserve officials about the economic outlook due to the coronavirus.
September 23, 2020