Truthout
Economy
The Senate’s Latest COVID Stimulus Won’t Solve the Hunger and Housing Crisis
Hopes are pinned on a $908 billion proposal that includes only a fraction of what is necessary to contain these crises.
Argentina Approves Tax on Millionaires to Fund COVID-19 Recovery
Senators passed a bill imposing a tax of at least 2 percent on individuals with assets worth more than $2.45 million.
Unemployment Falls to 6.7 Percent, But It Comes With a Longer Work Week
Contrary to normal patterns, the work week has actually gotten longer in the pandemic recession.
UN Warns 1 Billion More People Headed for Extreme Poverty by 2030 Amid Pandemic
It is time for immediate, large-scale investments in public health, social safety net programs and a green transition.
Sanders Slams McConnell for Pushing Tax Deductions for CEOs in COVID Relief
The measure contains a 100 percent deduction for business meals but nothing for millions of hungry families.
As COVID Spikes, the GOP Pushes Bans on Suing Negligent Businesses
Many in the GOP have been insisting that any further COVID-19 stimulus bill also include legal immunity.
Biden Taps Two BlackRock Executives for Top Economic Posts
This comes as progressives are demanding a cabinet free of Wall Street influence.
McConnell COVID Plan: No Direct Payments and Stricter Unemployment Requirements
Analysts caution that McConnell's goal is to undermine Biden's presidency and gain GOP seats in 2022 and beyond.
Dems Demand Increase in IRS Funding to Pursue Rich Tax Shirkers — Like Trump
An upcoming appropriations bill will ensure that the wealthy are no longer able to shirk their responsibilities.
While the Rich Cheer Wall Street Records, Americans Are Draining 401(k)s
The nation’s woefully inadequate response to the pandemic is jeopardizing millions of retirement futures.