Economy
The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week.
Trump’s presidency may be best remembered for its cataclysmic end. But his four years as president also changed real American policy in lasting ways, just more quietly. We asked POLITICO’s best-in-class policy reporters to recap some of the ways Trump changed the country while in office, for better or worse.
At the same time, the unemployment rate stayed at 6.7%, the first time it hasn’t fallen since April.
The share of wealth controlled by the top 1 percent sits at levels not seen since the 1920s. Biden’s hopes for changing it rests on Senate control.
A government shutdown was averted after the president approved the Covid relief package and annual spending bill.
If presidential elections really turn on how the country is doing, there’s a good reason for the incumbent to sweat.
Congress curbed the central bank’s emergency lending despite the economy’s continuing struggles.
Biden added that the appointees have “broad viewpoints on how to build a stronger and more inclusive middle class.”
Officials said they expect the U.S. economy to shrink by 2.4 percent this year, a brighter forecast than they offered just two months ago.
Vaccine euphoria is giving economic forecasters hope for a blockbuster 2021 and stretching stock market valuations to historic highs. It’s a setup that leaves no room for error.
A former high-level employee at Heather Boushey’s think tank publicly aired the accusations on Tuesday night.
“That disqualifies almost every Republican senator and 90 percent of the administration,” the president-elect said of GOP criticism.
Taxpayers are backing more than a trillion dollars in home mortgages, but the agencies buying them are neglecting to consider climate risks.
Brian Deese is an executive at investment giant BlackRock.
The president-elect intends to name Cecilia Rouse, Neera Tanden and Wally Adeyemo to senior roles in his administration.
The November reading released Tuesday by the the Conference Board said represents a drop from a revised 101.4 in October.
Biden’s pick for Treasury will give him a close partner, steeped in knowledge of the Fed, who can navigate the wishes of progressive Democrats and the sensitivities of financial markets.
The most direct way the Fed could increase its aid to the economy is through two temporary lending programs.
Black voters had Joe Biden’s back. Now he must prove he’s got theirs.
Biden will inherit an economy that still has a hole similar to one in the final year of the last recession. Unlike his arrival to the White House 12 years ago, he’ll have few tools to deal with it.
The latest episode of POLITICO’s Global Translations podcast explores the new industrial policy emerging in America to counter China’s ascent.
The economy weighs heavily on voters’ minds.
The gains are a sign of positive trader sentiment, although it’s unclear if that has to do with hopes of a clear winner emerging.
The president will get a great economic report to use on the campaign trail. The deeper meaning is much rougher.
The new Open Storefronts program — modeled on the city’s popular outdoor dining initiative — will allow 40,000 businesses to set up open air operations.
The selling in U.S. markets followed broad declines in Europe.
His campaign is targeting swing state voters by highlighting specific trade deal wins.
The monthly deficit in U.S. goods trade with all other countries set a record high in August at more than $83 billion.
The president’s approval rating on the economy remained his bright spot. But he darkened that outlook by shutting the door on a comprehensive economic aid package just as millions of Americans start voting.
The comments from the leading Fed officials were the latest evidence of the central bank’s growing attention to persistent inequality in the economy.
This week’s episode of Nerdcast
Government spending exceeded more than $6.5 trillion in the fiscal year that ended on Sept. 30, up from $4.4 trillion in fiscal 2019.
Some 60 percent of all U.S. businesses that have closed during the pandemic have not reopened.
Covid isn’t just disproportionately killing people of color; it’s sticking them in a feedback loop that exacerbates economic and racial inequity, says Chicago economist Damon Jones.
About 1 in 3 people were either working in a different job in September than they were in February or were unemployed, researchers say.

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