Tech Industry Blasts Trump Halt on H-1B Visas
“This will slow innovation and undermine the work the technology industry is doing to help our country recover from unprecedented events."
GM Announces Ventilator Deal as Trump Fumes
"This is really an unprecedented activity that GM and Ventec are in to mass-produce a ventilator with an auto manufacturer."
Trump Signs Virus Relief Bill With Paid Sick Leave
Employers will have to front the costs of paid leave but will be fully reimbursed through refundable credits that count against payroll tax.
Trump Moves to Boost Medical Supply Production
The president said he will invoke the Defense Production Act to compel companies to prioritize the production of equipment to combat the coronavirus.
Democrats Balk at Trump Payroll Tax Proposal
“What they want to do is hit Social Security like a wrecking ball with a massive tax cut for the country’s biggest corporations."
Oil Prices Rebound on U.S. Stimulus Hopes
After Monday's epic collapse, prices also got a boost from signs that Saudi Arabia and Russia will resolve their differences over oil production.
Emergency Coronavirus Bill Passes Final Hurdle
The $8.3 billion package approved by Congress far surpasses the $1.25 billion President Trump requested.
U.S. Economy Posts Smallest Annual Gain Since 2016
“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”
Budget Deficit Forecast to Top $1 Trillion in 2020
"Changes in fiscal policy must be made to address the budget situation because our debt is growing on an unsustainable path," the CBO says.
Latest Tariff Threat Could Be ‘Gut Punch’ for Apple
Analysts warn of a hit to earnings and iPhone demand if President Trump follows through with a 10% tariff on Chinese goods.
U.S. Budget Deficit Increases 23% in Nine Months
The budget gap could top $1 trillion for the full fiscal year.