Joe Biden and the Democratic leadership in Congress have placed the blame for the latest unemployment figures squarely on Donald Trump. In separate statements, they harshly criticized the President’s response to the economic crisis. The Speaker of the House and Senate Minority Leader issued a joint statement on Friday following the July jobs report. The…
A White House economic adviser has called on Donald Trump to declare a national emergency because of the Coronavirus and stop collecting payroll taxes. Stephen Moore co-authored an op-ed in Sunday’s Wall Street Journal calling for radical and apparently unilateral action to shore up the struggling U.S. economy. “Last week Mr. Trump acknowledged that compromising with Speaker…
Mick Mulvaney has criticized the lack of Coronavirus testing in the United States. The former White House chief of staff has broken with his former boss to highlight the issue. Mulvaney wrote an op-ed for CNBC on Tuesday discussing the economy but also arguing that more needed to be done about testing for Covid-19. “I…
Dr. Anthony Fauci has warned that saving lives must be the priority while battling Covid-19. The nation’s top infectious disease expert explained that the public’s health had to come first. Fauci gave an interview to the Journal of the American Medical Association on Thursday as deaths from Coronavirus approached 130,000. The interview was uploaded to YouTube….
An economist has warned that the recession induced by Coronavirus is the most serious global disruption since World War II. Gary Shilling said a quick recovery is unlikely. Shilling spoke to Bloomberg TV on Monday about the state of the economy. He said a fast recovery was “not realistic.” “I think it’s going to be…
A second wave of Coronavirus is inevitable, according to Dr. Anthony Fauci. The severity of a the virus in the fall and winter will depend on what actions are taken now. The head of the National Institute of Allergy and Infectious Diseases told CNN that we must take the correct steps to reduce the risk…
Senator Chuck Schumer has warned Donald Trump that economic recovery won’t happen without proper Coronavirus testing. The New York Democrat slammed the President’s current plan. The Senate Minority Leader told MSNBC on Tuesday that Trump’s blueprint for testing wasn’t good enough. “You know the report they issued yesterday? It was pathetic. It didn’t have any…
The federal government will send letters from President Trump with economic stimulus checks. Each letter will feature his signature and a message from the President. The administration has claimed these letters are necessary. The Coronavirus Aid, Relief, and Economic Security (CARES) Act requires letters containing information about the payments. However, there is no requirement for…
A Republican senator thinks the U.S. economy must be reopened despite the threat of Covid-19. Louisiana’s John Kennedy accepted this would cause the virus to spread even further. Kennedy spoke to Fox News’ Tucker Carlson on Wednesday and argued that the U.S. must ease Coronavirus containment measures. He said the making the decision was like…
Under the presumptive GOP nominee, the national debt would spike by $10 trillion in just ten years, in large part because of generous tax cuts for corporations and wealthy individuals.