Experts say the U.S. president's orders would add a "negligible amount" to the economy. /VCG U.S. President Donald Trump's weekend attempt to sidestep stalled congressional negotiations over t
U.S. economic recovery is facing significant risks as Congress remains deadlocked over the COVID-19 relief bill and President Donald Trump's recent executive orders fa
U.S. President Donald Trump's recent coronavirus relief orders have little to offer for the macro U.S. economy in a crisis, experts said. One of the four executive ord
A senior U.S. Federal Reserve official said on Sunday that another fiscal support package is "incredibly important" for the economy to recover from the pandemic as Con
U.S. President Donald Trump said Friday that he will sign executive orders to extend enhanced unemployment benefits, eviction protections and a temporary payroll tax d
U.S. House Speaker Nancy Pelosi speaks during a press conference on the Capitol Hill in Washington D.C., the United States, on May 14, 2020. (Photo by Ting Shen/Xinhua)
The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at a record-low level of near zero amid a recent resurgence in COVID-19 cases nationwid
Video: U.S. COVID-19 deaths have surpassed the 150,000 mark to reach 150,034 as of 3:35 p.m. local time on July 29, 2020 (1935 GMT), according to the Center for Systems
The resurgence of COVID-19 cases across the United States is raising the risk of a double-dip recession if the country is unable to reign in the pandemic, economists h
-- More than 20 U.S. states have either paused or partially reversed their reopening plans following record increases in infections in recent weeks. -- Americans have become more pessimistic about th
Children cycle pass a closed Macy's in Virginia, U.S. April 3, 2020. /VCG The Congressional Budget Office (CBO) said Thursday that U.S. unemployment rate in the fourth quarter of 2030 could be
Countries are alerted to a resurgence of the novel coronavirus pandemic while gradually easing lockdowns and phasing in economic recovery. Anthony Fauci, the U.S. gover
U.S. Federal Reserve Chairman Jerome Powell (1st L) and U.S. Treasury Secretary Steven Mnuchin (2nd L) greet each other after testifying before the U.S. House Committee on Financial Services on Overs
People spend their Sunday afternoon on the National Mall in Washington D.C., the United States, on June 28, 2020. (Photo by Ting Shen/Xinhua)"It is increasingly clear t
The extraordinarily high unemployment rate in the United States is in large part due to the poor management of the COVID-19 pandemic by the federal government, a senio
Pedestrians wearing face masks walk through Times Square during the COVID-19 pandemic in New York, the United States, May 26, 2020.(Photo by Michael Nagle/Xinhua)Analys
--The majority of U.S. states have recently started to fully or partially reopen their economies without seeing a significant downward trend in COVID-19 infections.--"Reopening may lead to sharp incre
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