Powell warns of a possible sustained recession from pandemic
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
Hair salons, gyms & bars still not allowed to open in Texas under Gov. Abbott's new guidelines
Governor Greg Abbott said now is not the time to reopen places where people are naturally closer together or sharing the same space and equipment, such as bars, salons and gyms.
Governor Greg Abbott said now is not the time to reopen places where people are naturally closer together or sharing the same space and equipment, such as bars, salons and gyms.
Historic Fort Worth neighborhood receives $35 million HUD grant
The city of Fort Worth announced a federal grant injecting tens of millions of dollars into a longtime troubled community.
The city of Fort Worth announced a federal grant injecting tens of millions of dollars into a longtime troubled community.
IRS stimulus check rollout continues to be riddled with mistakes
Last week, FOX 4 told you about economic stimulus checks being deposited into temporary accounts set up by tax prep services.
Last week, FOX 4 told you about economic stimulus checks being deposited into temporary accounts set up by tax prep services.