'Worst Ahead': US Treasury Head Expects Further Unemployment Rise

The number of unemployed "will deteriorate before the situation gets better." This was stated by the head of the US Treasury Department, Stephen Mnuchin, writes NPR. According to Mnuchin, the anti-record loss of jobs in the country has not yet been broken - the head of the Treasury argues that "the figures are likely to worsen before ...

Trump said coronavirus is worse than attack on Pearl Harbor and September 11 attacks

President Donald Trump said the COVID-19 pandemic dealt a more severe blow to the US than the attack on Pearl Harbor during World War II or the September 11 attacks, Voice of America reports. In the first quarter, US GDP fell by almost 5%, as much as ...

A budget crisis and millions of unemployed: states drastically cut spending on Medicaid

Three states have cut Medicaid spending since the start of the pandemic, while others are warned of painful cuts in health insurance benefits and services, Politico writes. States facing a sudden drop in tax revenue amid a pandemic are announcing deep cuts ...

US immigrant businessmen and quarantine removal: what our people think about the situation in the country

Ukrainians in the United States, including businessmen, told VOA News how they relate to lifting quarantine restrictions for the service sector. Georgia was the first US state to quickly quarantine. The governor has already allowed most companies from ...

30 million in 6 weeks: quarantine unemployment in the US continues to break records

In the week ending April 23, 3,84 million Americans filed new jobless claims, according to CBS News. Thus, the total number of Americans who have lost their jobs over the past six weeks has reached 30 million, which is a record for the rate of loss of workers ...

Due to the crisis, the number of Americans wishing to get free food has doubled

Left without jobs and livelihoods, Americans line up in giant lines for free products. Food banks fear that they will run out of resources, writes Business Insider. A photo of an endless line of cars from people who came to get free food from a food bank in ...

How to get health insurance if you lose your job due to coronavirus

If you lost your job and payments due to the coronavirus, then you will have one more added problem - the lack of medical insurance, writes The Penny Hoarder. According to the Institute for Economic Policy, 49% of Americans received insurance through their employers. ...

Waste food: why farmers all over the world throw tons of crops

Farmers all over the world admit defeat before the virus, because this year they are forced to utilize whole crops. There is no possibility to take them out and sell them: markets and many logistics companies do not work, there are problems with the export of products from fields and warehouses, writes Liga. Business. ...

Coronavirus brought down China's economy - other countries in line

The Chinese economy sagged sharply in the first quarter of 2020 - for the first time in three decades of calculating quarterly indicators, because the COVID-19 pandemic paralyzed production and investment, according to the Russian BBC service. China's GDP in January-March fell by 6,8% in annual terms after ...

Tenants in the USA, despite a moratorium from the authorities, are evicted for non-payment

Millions of people in the United States, following the rules of self-isolation during a pandemic, should be at home. But for many it became impossible, because landlords, contrary to the requirements of the moratorium, which operates in more than 30 states and dozens of cities of the country, continue to evict people for non-payment, ...

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