Fed’s Rosengren Says Patchy Pandemic Response Threatens Economic Recovery

Eric Rosengren, president of the Boston Federal Reserve, said Wednesday that insufficient state-level measures to contain COVID-19 not only put lives at risk but are also likely to sap the strength of the economic rebound. “Limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens […]

Trump Announces Deal With Moderna for 100 Million Doses of Potential CCP Virus Vaccine

The Trump administration has struck a deal with Massachusetts-based drugmaker Moderna to secure 100 million doses of its potential CCP virus vaccine. “This evening I’m pleased to announce that we have reached an agreement with Moderna to manufacture and deliver 100 million doses of their coronavirus vaccine candidate. The federal government will own these vaccine […]

Congress Members Trade Barbs on COVID-19 Relief, No Talks on Deal

Senate Majority Leader Mitch McConnell (R-Ky.) Tuesday called on Democrats to return to the negotiating table on COVID-19 relief in the midst of stalled talks between top Democrats in Congress and the White House. “It does the nation a disservice to act like these last several weeks were just another routine political standoff,” McConnell said […]

State and City Funding Become Latest Obstacle in COVID-19 Negotiations

Democratic leaders and White House officials remained at an impasse on Tuesday over how to handle another COVID-19 relief package, as state and local government funding became the most prominent obstacle in getting a deal done. Democrats have sought about $1 trillion in funding for state and local governments, including in the HEROES Act that […]

Trump: College Football Season Should Go Forward

The college football season should start soon, President Donald Trump said on Monday. Trump joined in calls for the season to move forward, writing on Twitter: “The student-athletes have been working too hard for their season to be cancelled.” The president shared a post from Trevor Lawrence, Clemson University’s star quarterback. Lawrence’s post requested conference […]

Trump: Not Clear If Shooting Suspect Near White House Had Bad Intentions

President Donald Trump on Monday was abruptly escorted from a daily press conference at the White House, only to return to say that there was a shooting outside the building. He wasn’t sure if the incident was connected to him and wasn’t sure if the person who was shot had ill intentions. “It might not […]

Cuomo Rejects Calls for Probe Into New York Nursing Home Deaths

New York Gov. Andrew Cuomo on Monday rejected calls for an independent probe into the deaths of COVID-19 patients in New York nursing homes, claiming demands for such an investigation are politically-motivated. State politicians on both sides of the aisle have called for an investigation into what role, if any, a controversial executive order may […]

Pessimism Arises Among US Consumers on Jobs, Household Finances: Fed Report

American households grew more pessimistic in July about their future financial situation and job prospects, breaking a two-month trend of rising optimism and reflecting a softening of the labor market recovery. The New York Federal Reserve’s survey of consumer expectations, released Monday, shows that after several months of improvement, household expectations about their year-ahead finances, […]

Negotiations Remain Stalled After Trump’s Moves on COVID-19 Relief

As talks on a COVID-19 relief deal remain stalled as of Monday, Senate Minority Leader Chuck Schumer (D-N.Y.) called on the White House and top Republicans to come to an agreement. “Democrats remain ready to return to the table,” Schumer said, adding that Democrats in Congress “need Republicans to meet us halfway,” he said on […]

Top California Health Official Resigns Following Revelation of Inaccurate COVID-19 Data

California’s health director on Sunday suddenly resigned as state officials struggle to deal with a computer system failure that led to inaccurate COVID-19 case numbers. In a message to colleagues, Dr. Sonia Angell announced her departure. She did not give a reason for her resignation but touched on the impact of the COVID-19 pandemic. “Since […]