Coronavirus
Stimulus Talks Grind On; No Deal Yet Despite Trump Urging
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin engaged in another round of stimulus talks Oct. 5 with no sign they are close to deal, despite the urging of President Donald Trump to get it done.
Most US Oil Job Losses in Pandemic to Remain, Report Says
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte.
Market Gets Harsh Reminder That COVID Is Its Elemental Risk
In 24 hours, investors have learned the jobless rate dropped, Tesla Inc. built more cars than forecast and that someone is back making huge options trades in tech megacaps. None of it mattered in markets captivated by news that not even the White House is safe from COVID-19.
House Panel Advances FEMA Relief Bill
Legislation that would adjust the cost share of federal disaster assistance recently was approved by the House transportation committee.
Pelosi Optimistic on Relief, Says Trump’s Illness Alters Dynamic
House Speaker Nancy Pelosi said negotiations on a new stimulus with the White House will press ahead and President Donald Trump’s COVID-19 diagnosis might change the tenor of the talks by emphasizing the seriousness of the pandemic.
PennDOT Extends Expiration Dates for Commercial Licenses, Permits
As a response to statewide efforts to combat COVID-19, the Pennsylvania Department of Transportation has extended expiration dates pertaining to commercial driver licenses.
US Jobs Rise Less Than Forecast as Economic Rebound Downshifts
U.S. job gains slowed in September and many Americans quit looking for work, suggesting the economic recovery is downshifting as the country struggles without a COVID-19 vaccine or fresh government aid.
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.
Trucking Approaches Holiday Shipping Season ‘Unlike Any Seen Before’
An exceptionally busy holiday shipping season appears to be on the horizon, and with it comes concerns about capacity.
American, 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.