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CBO Projects 38% Drop In GDP, $2.1 Trillion Increase In The Deficit

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The CBO also projects 26 million more unemployed Americans than there were at the end of 2019. Read more

Jamie Dimon Says Coronavirus Crisis Is 'wake-up Call' For A More Inclusive Economy

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Dimon detailed the steps his firm has taken to support customers and employees since the crisis began two months ago. Read more

Unemployment Is Nearing Great Depression Levels. Here's How The Eras Are Similar — And Different

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The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early... Read more

U.S. Housing Starts Fall Sharply In April

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U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to... Read more

Powell To Tell Congress The Fed Is Committed To Using All Tools To Fight The Unprecedented Downturn

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"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in rema... Read more

Homebuilder Sentiment Bounces Back In May, After Record Plunge In April

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After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in M... Read more

Powell Says A Full Economic Recovery May Not Happen Without A Vaccine

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The Fed noted that the recovery likely would depend on how Americans feel about their safety. Read more

Federal Government Should Help States, Cities And Hospitals Recover From Coronavirus, Gary Cohn Says

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Former Trump advisor Gary Cohn said that a potential vaccine shouldn't stop the government from providing aid to parts o... Read more

Trump Advisor Kevin Hassett: Fed Chief Too Pessimistic On Time It'll Take For Economy To Recover

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White House senior advisor Kevin Hassett told CNBC on Monday he disagrees with Fed Chairman Jerome Powell on the time-fr... Read more

LinkedIn Data Shows U.S. Job Hiring May Have Hit Bottom In Mid-April

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The U.S. may have experienced the worst of its coronavirus-related job losses in mid-April, and hiring could be on the v... Read more

Powell Says GDP Could Shrink More Than 30%, But He Doesn't See Another Depression

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The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Read more

GDP Could Decline By 42% In The Second Quarter, According To The Atlanta Fed

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The already dismal outlook for economic growth during the current period just got considerably worse. Read more

Consumer Sentiment Unexpectedly Rises After Massive U.S. Fiscal Stimulus

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U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the gov... Read more

This Is The Critical Link To Successfully Reopening The US Economy

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The successful relaunch of the U.S. economy after the coronavirus shutdown will depend on how effectively companies trea... Read more

Industrial Production Plunges Unprecedented 11.2% In April

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American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by t... Read more