RIO DE JANEIRO (AP) – Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor […]
Aid
Aviation contractors axed jobs as U.S. delayed aid, House panel finds
By Tracy Rucinski CHICAGO (Reuters) – U.S. aviation contractors laid off thousands of workers due to delays in payroll aid from the U.S. Treasury that was meant to protect jobs, an investigation by a U.S. House of Representatives subcommittee found. Under the Coronavirus Aid, Relief and Economic Security Act (CARES […]
Maricopa County expands eviction help to Mesa residents, more utility aid
CLOSE About $6.25 million will go specifically to help Mesa renters avoid eviction. Until now, that city program had made Mesa renters ineligible for the county program. (Photo: Getty Images) Maricopa County is tapping more than $20 million of its federal COVID-19 relief funds to expand programs to help struggling renters, overstretched nonprofits and […]
Canada Launches C$10 Billion Infrastructure Plan to Aid Economic Recovery | Investing News
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Canada on Thursday launched a C$10 billion ($7.5 billion), three-year infrastructure plan it said would help the country create jobs and recover from the economic slump caused by the coronavirus pandemic. “With smart, targeted investments, we can get people back on […]
Stocks End Higher as Markets Wait on Washington for More Aid | Business News
By STAN CHOE and DAMIAN J. TROISE, AP Business Writers NEW YORK (AP) — Stock indexes ended higher after another day of back-and-forth trading as Wall Street waits to see if Washington can get past its partisanship to deliver more support for the economy. The S&P 500 index rose 0.5% […]
Mnuchin and Pelosi Revive Hope for Aid Talks
Here’s what you need to know: Treasury Secretary Steven Mnuchin testifying before the Senate on Thursday.Credit…Pool photo by Drew Angerer Treasury Secretary Steven Mnuchin said on Thursday that he and Speaker Nancy Pelosi agreed to resume talks on another economic relief package amid concerns that the recovery will soon sputter […]
Hundreds of thousands will lose their jobs without additional emergency aid, says American Airlines CEO
“Hundreds of thousands of people will be out of work, and service to small communities will be discontinued,” if a new round of emergency airline funding is not approved, American Airlines Chief Executive Doug Parker said on NBC’s “TODAY” show Friday morning. © Provided by NBC News Moreover, the critical […]
‘Hard to see’ Dems supporting less than $2.2T in COVID aid
Speaker Nancy Pelosi (D-Calif.) on Thursday said that she’s hopeful the parties will reach an agreement on the next round of coronavirus relief but suggested Democrats aren’t prepared to accept anything less than her last offer – $2.2 trillion – on a deal. © Greg Nash Pelosi: ‘Hard to see’ […]
United Airlines Moves Closer to Saving Pilot Jobs, American Pleads for More Gov’t Aid | Investing News
By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON (Reuters) – United Airlines said on Wednesday it was “one step closer” to saving thousands of jobs after pilot union leaders voted to approve a tentative deal with the company, while American Airlines launched a fresh plea to Washington for more industry aid. […]
Black community leaders demand Cleveland, Cuyahoga County and Ohio rescind development aid for Sherwin-Williams headquarters, research center
CLEVELAND, Ohio – In an open letter, three leaders of the Black community in Cleveland have demanded that public assistance granted to the Sherwin-Williams Co. for construction of its new headquarters and research center be rescinded. © Marvin Fong The Plain Dealer/Marvin Fong, The Plain Dealer/cleveland.com/TNS In an open letter, […]
Justice Dept. Announces Dozens of Fraud Charges in Small-Business Aid Program
WASHINGTON — The Justice Department said on Thursday that it had charged 57 people with trying to steal more than $175 million from the Paycheck Protection Program to help small businesses during the coronavirus pandemic as questions swirled about how its funds were disbursed. Some cases involved “individuals or small […]
Nearly 900,000 Americans sought unemployment aid last week
But hiring has slowed since June, and a rising number of laid-off workers say they regard their job loss as permanent. The recovery of those jobs will likely take longer to achieve. Jobless people typically find it harder to find work at a new company or in a new industry […]
Sputtering summer sales, dwindling federal aid cripples D.C.’s small businesses
But as summer wound down, Rozeboom exhausted his grant money and lost all hope that normalcy would return with fall. He had seen the coronavirus spread around him, watching neighboring office buildings, once flush with loyal customers, remain vacant. With little left to do but wait for Congress to pass […]
Ernst gives coronavirus aid negotiation update | News, Sports, Jobs
-Messenger photo by Elijah Decious Prestage Foods CEO Jere Null visits with U.S. Sen. Joni Ernst during her Monday visit to the plant. While there, she gave an update on coronavirus aid negotiations. EAGLE GROVE — Less than three weeks after Sen. Chuck Grassley said a compromise on the next […]
Another coronavirus aid package is probably ‘not happening’ after August jobs report and deal to avoid government shutdown, analyst says
CAPITOL REPORT © Getty Images Artworks calling for relief from Congress are displayed last month on grass by the U.S. Capitol building. Friday’s jobs report makes it more likely that Washington won’t deliver another big coronavirus aid package before the November election, according to some analysts. Load Error The better-than-expected […]
Credit Card Firms Split on Fate of Consumers While U.S. Cuts Aid
(Bloomberg) — A fissure is forming in the U.S. credit card industry: Are consumers about to go bankrupt or bounce back? On one side, risk-management pioneer Capital One Financial Corp. is reining in credit lines to reduce its exposure. On the other, the nation’s largest card issuer, JPMorgan Chase & […]