Epidemics
Prime Minister Justin Trudeau's decision to open the Canadian border to foreign tourists in about 30 days will require significant preparations to avoid congestion and confusion, business groups warn. The Canadian government is expected to provide more information on July 19, but concerns are rising about the ability
Epidemics
Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee, stating that inflation, which has been rising as the recovery gains momentum, "will likely remain elevated in coming months" before "moderating." Powell signaled that the Fed will not respond to short-term price spikes by
Epidemics
Local officials are leveraging billions of dollars in federal pandemic aid to address chronic social and economic problems exacerbated by the COVID-19 crisis, with some using the funds to launch ambitious initiatives targeting homelessness, job creation, and infrastructure development. The $350 billion program has led to partisan clashes over project
Epidemics
As the nation recovers from the economic dislocations caused by the Covid-19 pandemic, the latest employment report has shown an impressive gain of 850,000 jobs, surpassing expectations and dispelling concerns about the impact of generous unemployment benefits on job growth. The Council of Economic Advisers' warning against making
Epidemics
The US economy bounced back in June with the strongest job creation in 10 months, as the non-farm payrolls report exceeded economists' expectations. The data showed a jump in recruitment, indicating a shift in the labor market. President Joe Biden hailed the progress as historic, citing the creation of
Epidemics
As Minnesota emerges from the COVID-19 pandemic, Governor Tim Walz has signed the final bills in the state's COVID-19 Recovery Budget, a bipartisan effort to drive economic recovery, invest in education, and support essential workers and working families. The budget includes a historic investment in education, with $1.
Epidemics
As the COVID-19 pandemic continues to worsen housing affordability challenges, the Biden administration has mounted a concerted push to reshape national housing policy, replacing a key regulator and introducing a flurry of changes aimed at addressing the growing concerns about an impending housing crisis for millions of renters and vulnerable
Epidemics
A senior Democratic lawmaker has issued a stark warning to the Federal Reserve not to raise interest rates too soon, fearing it could spark a political backlash and even derail the economic recovery. Representative Carolyn Maloney, a senior member of the House financial services committee, urged caution, citing the risk
Epidemics
The Federal Reserve, led by Chairman Jay Powell, has taken a more optimistic view of the US economy's rebound from the pandemic, signaling a potential end to its ultra-loose monetary regime. The central bank's officials have begun talks on scaling back the $120bn monthly asset purchase
Epidemics
The full reopening of the British economy has been delayed by four weeks due to a rapid rise in coronavirus cases, caused by the Delta variant first identified in India. Prime Minister Boris Johnson cited the need for caution to "save many thousands of lives by vaccinating millions more
Epidemics
US President Joe Biden's visit to the G-7 summit in Cornwall, England, is a significant opportunity for him to reaffirm US global leadership and repair strained relationships with its allies. Following a tumultuous past few years under the previous administration, Biden is seeking to shift the tone and
Epidemics
Despite the economic upheaval of the COVID-19 pandemic, the United States faces a persistent shortage of highly skilled workers to meet the demand of employers. A new report by Envoy Global and New American Economy (NAE) reveals that the demand for computer-related workers has remained stable, with computer-related jobs making
