The coronavirus pandemic is killing public schools and public transit axios.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from axios.com Daily Mail and Mail on Sunday newspapers.
Congress is split over passing additional state and local government aid in a new stimulus bill. Experts fear the lack of such support will likely result in the same drags on the economy seen after the 2008 financial crisis.
Bipartisan negotiations on a $908 billion economic aid package are stalled due to disagreements over aid to states backed by Democrats and a liability shield for businesses being pushed by the GOP.
The $150 billion allocated to governments via the CARES Act in March offset most of the year s drop in tax revenue, but tax income is expected to decline further in the next two years, according to the Brookings Institution.
NYC GOs, Texas PABs lead last big primary of 2020 bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
The Finance 202: U.S. wealth just hit a new record, even as more people steal in order to eat Tory Newmyer
with Brent D. Griffiths Americans collectively are richer than ever and getting more so. That fact would come as a surprise to tens of millions, including those who now have to steal to eat. But the bottom line for the total household net worth in the United States continues to swell: It rose 3.2 percent in the third quarter to $123.5 trillion, a Federal Reserve report showed Thursday. The surging stock market accounted for most of the gain, padding overall wealth by $2.8 trillion over the three-month period. Rising real estate values and increased savings contributed, too.
Transit systems say they have done all they can bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.