U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
Another round of stimulus payments could be distributed to people earning less than $40,000, Senate Majority Leader Mitch McConnell has said.
Following an announcement from The Federal Reserve last month that the coronavirus pandemic has created a shortage in coins in the U.S., businesses around the country have been urging their customers to use alternative forms of payment or bring exact change.
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
Bed, Bath & Beyond will close more than 200 stores over the next two years as part of a restructuring effort due to the coronavirus pandemic.
United Airlines is warning 36,000 employees - nearly half its U.S. staff - they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
Speaking at the White House during an interview, President Donald Trump said Tuesday that Americans can look forward to another round of stimulus checks before the end of the year.
Councilman Gil Cedillo's office provided funding on Tuesday for 200 loads of laundry and detergent at Desi's Coin Laundry for low-income families living in his district.
Data for Paycheck Protection Program beneficiaries was released to the public by the Small Business Administration on July 6.
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
President Trump also said he wants payments larger than the $1,200 the government sent to most individuals earlier this year.
AT&T has announced it will waive internet overage fees through Sept. 30 as COVID-19 cases in the U.S. see a significant uptick, with several states rolling back their reopening plans.
President Trump signaled this week that he supports sending a second round of direct cash payments to Americans still reeling from the coronavirus pandemic and subsequent economic lockdown.
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
The legislation authorizing the payments during the pandemic doesn’t specifically exclude jail or prison inmates, and the IRS has refused to say exactly what legal authority it has to retrieve the money.
President Trump signaled Monday that he's open to a second stimulus check for Americans still reeling financially from the coronavirus pandemic and the related economic lockdown.
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
The new application released by the Small Business Administration on Wednesday is just five pages long.
The president brought up the “Explore America” Tax Credit during a White House roundtable last month.