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Economy

“House Republican infighting getting worse after foreign aid vote”

“The House came together Saturday to pass a sweeping $95 billion foreign aid package, a rare moment of bipartisan cooperation in the closely divided chamber. But the move only intensified infighting among House Republicans, who split sharply on the strategy… Continue Reading…

Economy

“Mike Johnson sets up weekend showdown on foreign aid bills”

“House Republicans are prepared to unveil the much-anticipated foreign aid bills on Wednesday, Speaker Mike Johnson told members this morning. Why it matters: The timing sets up weekend votes on bills for foreign aid, national security and the southern border — and… Continue Reading…

Economy

“Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of ‘very long road ahead’”

“Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse… The sudden… Continue Reading…

Economy

[U.S.] “Democratic cities that welcomed [illegal aliens] are starting to roll back aid”

“When a wave of migrants began arriving in Democratic-run cities far from the Southern border two years ago, officials welcomed them with open arms. Now they’re limiting aid to new arrivals as their instinct for compassion confronts hard budgetary realities.… Continue Reading…

Economy

“Storm-ravaged Libya faces a long road to recovery as humanitarian groups ask for $71 million in aid”

“…According to the UN Development Programme, “humanitarian partners are requesting $71.4 million to respond to the most urgent needs of 250,000 people targeted out of the 884,000 people estimated to be in need, over the next three months.” Roula Abubaker, a… Continue Reading…

Economy

“Fewest Americans collecting jobless aid since 1970”

” Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday.… Continue Reading…

Business, Economy

“American Air Sees 19,000 Job Cuts Once U.S. Payroll Aid Expires”

“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand. About 17,500 employees will be furloughed, meaning they… Continue Reading…

Business, Economy

“A massive drop in car sales sparks new push in Congress to aid the auto industry”

“A precipitous decline in car sales amid the deadly coronavirus outbreak has caught the attention of Capitol Hill, where some lawmakers are now urging Congress to authorize new aid for the auto industry. The heightened push on Capitol Hill comes as the… Continue Reading…

Economy

“3.3 million seek US jobless aid, nearly 5 times earlier high”

“Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus… Layoffs are sure to accelerate as the U.S. economy sinks into a… Continue Reading…