Truthout
Economy
In Bizarre 1-Minute Press Briefing, Trump Takes Credit for Stock Market Gains
Wall Street is not a reliable indicator of the economy and millions are going hungry without relief during the pandemic.
Economists Argue to “Use Debt, Go Big, and Stay Big” With COVID Relief Package
A detailed memo pushes for roughly $3 trillion in fiscal support and to continue support through 2024.
Trump Is Trying to Set Yellen and Biden Up to Fail as He Sabotages the Economy
Trump, with the consent of the GOP, is trying to sabotage Biden’s chances at a recovery every way he can.
Real Economic Recovery Can’t Happen Until COVID Is Under Control, Biden Says
It is almost impossible to explain how difficult a task President-elect Joe Biden has before him.
Biden’s First 100 Days Should Be Focused on Policies Protecting Most Vulnerable
A fusion politics of the poor and dispossessed can awaken the moral imagination of the nation.
Economists Say US Needs 400 Percent More COVID Relief Than McConnell Is Offering
The senate majority leader's delays threaten to worsen the issues that the stimulus bill is supposed to relieve.
Unemployment Falls to 6.9 Percent — But Don’t Expect Improvements to Last
With COVID-19 numbers hitting new records almost daily, the future is anything but certain when it comes to employment.
White House Advisers Privately Gave Sober COVID Warnings as Trump Misled Public
Wall Street investors reacted to the uncertainty from the administration that was shared by a think tank group's member.
COVID Has Led People to Save More. Now Economists Are Upset.
COVID has led more people who can save to do so, hurting the economy and exposing the absurdity of capitalism.
Economy Adds an Abysmal 661,000 Jobs as Further Layoffs Loom
The large jump in long-term unemployment and people leaving the labor force are ominous signs for the future.