Truthout
Economy
Could COVID-19 Spell the End of the Fracking Industry as We Know It?
New Mexico is just one state whose fracking boom appears poised to fall off an economic cliff amid the pandemic.
Trump Announces Plan to Refuse Congressional Oversight of Corporate Bailout
The president intends to give Treasury Secretary Steven Mnuchin free reign over the $500 billion bailout fund.
Cuomo Puts Private Equity Vulture in Charge of Coronavirus Economic Recovery
The governor of New York is putting Wall Street insiders in charge of his state's economic recovery.
Sanders Fights for Worker Protections in $2 Trillion Stimulus Package
The Senate's unanimously approved historic emergency relief package includes a large corporate bailout fund.
The Senate Has Passed the Largest Corporate Bailout in US History
The package establishes a $4.5 trillion fund to bail out large corporations with little to no enforceable restrictions.
New Stimulus Bill Bans Trump-Owned Companies From Receiving Bailout Cash
The bill also bans companies owned by Vice President Mike Pence or members of Congress from receiving stimulus funds.
To Confront Coronavirus, We Need an Emergency Wealth Tax
A one-time 3 percent wealth tax on the world’s richest 10 percent could raise $9 trillion toward economic recovery.
The COVID-19 Crisis Won’t Be Over by Easter, and $2 Trillion Is Not Enough
Trump's claim that this will end by Easter cannot rationally exist in the same universe as the $2 trillion aid package.
As Senate GOP Bill Flounders, Demands for Workers-First Stimulus Grow
Republicans failed to pass a $1.8 trillion stimulus package Democrats condemned as a massive bailout for corporations.
Beyond the Economic Chaos of Coronavirus Is a Global War Economy
In the face of excessive capital accumulation, war and repression have become profit centers for the capitalist class.