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Here’s why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program
The largest cruise lines are incorporated outside the US. That means they won't be able to get a cut of the bailout money under Trump's stimulus law.
The government’s official scorekeeper just poured cold water all over the Trump administration’s predictions of a rapid economic recovery ...
The forecast from the Congressional Budget Office is at odds with President Trump's optimistic assessment of economic recovery "like a rocket ship."
Treasury Department says in reversal that Americans on Social Security don’t need to file a tax return to get a $1,200 stimulus check
The reversal came after the IRS instructed seniors and Americans with disabilities to file a "simple" tax return to get the check, provoking backlash.
White House economists tried warning the Trump administration a pandemic would kill up to 500,000 Americans and cost the economy $4 trillion
The 2019 study blows a hole in the administration's argument that the coronavirus pandemic's damage to the economy was unexpected.
Nancy Pelosi’s idea to retroactively lift the limit on state and local tax deductions would be almost useless for people who need the most help
Almost all the benefits of tossing out the SALT cap would go towards richer households — and not average Americans weathering the coronavirus fallout.
We got a 39-page document that provides clues to how the $2 trillion coronavirus stimulus will be distributed to people and businesses
Senate Democrats drafted a document that provides insight into how the Trump administration could distribute $100 billion to hospitals.
Top economists are deriding the ‘false choice’ between saving lives from coronavirus and maximizing economic growth. Here’s why the ...
The only way to rescue the economy is by ending the outbreak, which has shuttered businesses and forced millions of people to stay home.
Treasury Secretary Mnuchin says record-shattering jobless claims ‘are not relevant’ as coronavirus drives up unemployment
"Obviously, there are people who have jobless claims," Treasury Secretary Steven Mnuchin said in a CNBC interview downplaying the jobs numbers.
The Trump administration declined to use an Obama-era pandemic preparedness playbook, Politico reports
The playbook anticipated and planned for many of the same roadblocks the Trump administration now faces in its response to the coronavirus outbreak.
32 prominent economists from both parties just signed a letter arguing that saving lives from coronavirus would also save the economy
"Saving lives and saving the economy are not in conflict right now," the letter says. It includes signatories from the Obama and Bush administrations.