Joe Biden says US economic crisis 'deepening'
Washington/Sputnik: President Joe Biden said on Friday that the COVID-19 induced economic crisis in the United States is deepening.
New COVID-19 spike could hurt US economy’s V-shaped recovery: White House Adviser Kudlow
Washington/Sputnik: The potential for a V-shaped US economic recovery from the coronavirus pandemic is being threatened by a resurgence of infections, White House Economic Adviser Larry Kudlow said on Monday.
US budget deficit hits record high amid COVID-19 pandemic
Washington/Xinhua: The US federal budget deficit soared to a record 3.1 trillion dollars in the fiscal year 2020, as the COVID-19 pandemic has prompted massive fiscal stimulus and caused tax revenue to fall, official data showed on Saturday.
Joe Biden says if he is elected he would shut down entire US economy to control Covid-19
Washington/Sputnik: Democratic presidential candidate Joe Biden in an interview said he would shut down the entire US economy if scientists recommended it in order to control the COVID-19 pandemic.
Broad mask-wearing key to US economic recovery from pandemic: Fed official
Washington/Xinhua: Broad mask-wearing will be key to ensuring a faster U.S. economic recovery from the COVID-19 pandemic, a senior US Federal Reserve official said Friday.
COVID-19 Economy: Donald Trump suspends H-1B, other visas till year end
Washington: In an attempt to help the COVID-19 hit economy of the nation, US President Donald Trump has suspended issuing of H-1B visas, which is popular among Indian IT professionals, and several other foreign work visas till the end of the year.
COVID-19: Donald Trump admits reopening of US will cost more lives
Washington/IBNS: As the country continues its fight against COVID-19, US President Donald Trump has admitted that reopening the US economy might lead to the deaths of more Americans.
US jobless claims again surpassed 6 mln last week as COVID-19 devastates economy
Washington/Xinhua/UNI: The number of initial jobless claims in the United States totaled 6.6 million last week amid mounting economic fallout from COVID-19, following a similar staggering figure the week earlier, the U.S. Bureau of Labor Statistics reported on Thursday.
US Federal Reserve cuts interest rates to target range of 0-0.25 pc amid COVID-19 outbreak
Moscow/Sputnik/UNI: The US Federal Reserve System has said in a statement that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus disease (COVID-19) pandemic.