Rapid inflation: US price increases beat 2008 record

Prices in the United States are growing at the fastest pace since 2008, as shown by the key index released on May 28 - an increase that will undoubtedly keep inflation at the center of economic and political debate, writes The New York Times. Inflation rate for personal consumption expenditures, ...

Medicine, rent, childcare: what will change the new assistance package in connection with COVID-19

After months of unsuccessful negotiations, the U.S. Congress has voted for an almost $ 900 billion coronavirus relief package to help American businesses and families affected by the coronavirus pandemic. Writes about this Financial Times. Details about ...

'Terrible despair': due to the pandemic, US residents are starving en masse and stealing food in stores

Retailers and US police departments report an increase in theft of essential items such as food and hygiene products, writes The Washington Post. At the start of the pandemic, Joo Park noticed disturbing changes in the market he operates near downtown Washington: ...

Largest GDP Growth Ever: US Economy Strongly Recovers

After the coronavirus pandemic led to a record drop in production in the second quarter of 2020, the country's summer recovery triggered the largest jump in gross domestic product in history, Business Insider reported. The US gross domestic product grew by 33,1% on an annualized basis ...

At the end of 2020, the US national debt may exceed the size of the American economy

While the United States continues to struggle with the economic recession as a consequence of the pandemic, the growing public debt is hardly talked about, writes CNN. Even opponents of the deficit are persuading Washington and the White House to approve yet another round of much-needed economic stimulus. "Federal…

Increasing employment and consumer spending: the US economy is recovering rapidly

A Commerce Department report on Thursday October 1 showed that consumer spending rose 1,0% in August after rising 1,5% in July, CNBC reported. Economists predicted that consumer spending, which accounts for more than two-thirds of US economic activity, would rise ...

Crisis Checks and Other Aid: What Republicans Offer and What Democrats Offer

In March, Congress approved an allocation of roughly $ 2,5 trillion to bail out the United States economy hit by the coronavirus pandemic. And it doesn't seem like it will be enough. Republicans and Democrats are trying to agree on the terms of anti-crisis assistance. He writes about what exactly they propose to undertake ...

GDP fell by a third: the US economy is experiencing the largest recession

In the second quarter of 2020, the US economy suffered its worst hit since the Great Depression as the coronavirus crisis slowed the country's economic growth, federal authorities said on Thursday, July 30, writes the New York Post. According to the US Department of Commerce, the gross domestic ...

US budget deficit for the month rose to a record $ 864 billion: what's next

Washington is increasing spending on the pandemic while tax revenues are falling, MarketWatch reported. Figures: The federal government's budget deficit surged to $ 864 billion in June, breaking a monthly record. This happened after the US authorities issued huge sums of money to try ...

The number of unemployed in the United States fell for the first time in 2 months, but it’s far away from the crisis

The number of applications for unemployment benefits totaled 1,48 million last week (June 15-21). This indicator remains high. But the total number of people currently receiving benefits fell below 20 million for the first time in 2 months ...

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