U.S. personal incomes declined by 543.5 billion (2.7%) in August, according to press release. Disposable incomes fell by $570.9 billion (3.2%) despite rise in personal expenditures by $141.1 billion. Fall…
Seasonally adjusted unemployment insurance initial claims show 837,000. A 36,000 decline from previous week’s revised level, according to the latest Department of Labour press release. The figure comes up 13,000…
Pelosi expects to secure an aid deal with the White House this week after 50 minutes talk with Treasury Secretary Steve Mnuchin, according to Reuters. Talks expected to continue on…
Fed Chair Jerome H. Powell and Treasury Secretary Steven Mnuchin optimistic of economic rebound after crisis - joint congressional hearing. Growth facilitated by strong fiscal support, stimulus checks and jobless…