Tag: US economy

Trump Defers Payroll Tax, Extends Evictions Moratorium

Combining campaign promises with executive orders of questionable legality, President Trump Saturday said he is deferring payroll tax collections through the end of the year for pay of $100,00 or less and if re-elected, will “terminate” the tax. In his second televised appearance at his Bedminster golf resort within 24 hours, Trump signed four executive orders […]

Trump: “We’re Finally Having it Out”

The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes from Mace News: A long week about over and in an evening news conference the president of the United States says, “We’re having it out. We’re finally having it out.” He was talking about the Democrats, […]

There Will Be Virus Relief Legislation

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes from Mace News: Now at the top of the agenda, the negotiations that went another three hours, breaking up at a late hour in House Speaker Pelosi’s office on that legislation restoring some kind of enhanced […]

The In-Between World of Slowdown Rebound

The following is Wednesday’s status check of developments in the US that can influence economic, health and political outcomes, compiled by Mace News: Another day in that indeterminate area between slowdown and rebound, between the alternate universes with President Trump in his evening briefing in his world, the one in which the virus is being […]

Muddled, Murky, but Weekend Virus Relief Success Expected

The following is Tuesday’s status check from Mace News of developments in the US that can influence economic, health and political outcomes: The general public, the markets, social service providers, food pantries and shelter providers were left reading between the lines Tuesday as they tried to decode the scant signals being sprinkled like bread crumbs […]

US Treasury to Borrow $1 Trillion More, Maybe $2 Trillion

The following is Monday’s status check of developments in the US that can influence economic, health and political outcomes, collated by Mace News: Phase 4 or otherwise known as the next coronavirus relief legislation is slowly – very slowly – coming together on Capitol Hill, with two and a half hours of talks Monday ending […]

Fed’s Evans: Fed Can’t Make Workplaces Safe

Chicago Federal Reserve president Charles Evans, hosting a virtual roundtable for news media, said that while the second-quarter gross domestic product was the worst on record, declining at an annualised rate of 32.9 percent, with about 18 million unemployed workers, some improvement was seen in May and June as many states eased their lockdown restrictions. […]

Another Day, Another 1,000 US Virus Deaths

The following is Friday’s status check of developments in the US that can influence economic, health and political outcomes from Mace News:: Hours of testimony by the nation’s pandemic experts before the House virus oversight committee Friday should have updated the nation with a factual treasure trove of information but instead was mostly a politicised […]

COVID-19 Resurgence to be Weighed in July Data

The coming week’s July data will be scrutinised for any early effects of the COVID-19 resurgence, with the highlight of the week being Friday’s monthly employment report. The combined 7.5 million payrolls gain in May and June only began to scratch the surface of offsetting the 22.2 million total decline seen in the first two […]