Tag Archives: US Economy

The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

The United States Treasury Secretary Janet Yellen said on Tuesday that the Department will aim at quickly distributing $350 billion of state and local government aid, as part of the $1.9 trillion relief bill that is expected to be passed by Congress tomorrow. “In the coming days our Treasury team …

The Organization for Economic Cooperation and Development (OECD) expects the global economy will expand by 5.6% in 2021, raising its forecast for growth compared with an estimated rate of 4.2% in the previous report. The OECD report issued on Tuesday noted that recovery from the Coronavirus impact this year will …

The US State Department said that most of those who applied for US visas and were rejected due to Trump’s decision to ban entry to citizens of 13 countries can seek to reconsider their applications or apply for new ones. President Joe Biden canceled the ban on entry to certain …

The United States House of Representatives is set to hold a final vote on the $1.9 trillion relief bill next Wednesday. It was originally planned that the vote will take place on Tuesday, but CNN reported that it will most likely take place on Wednesday, citing senior Democrats in Congress. …

The United States Secretary of the Treasury, Janet Yellen, said on Monday that the $1.9 trillion relief bill will strongly help economic recovery from the impact of the Coronavirus pandemic, Reuters reported. “This is a bill that will really provide Americans the relief they need to get to the other …

The unemployment rate in the United States declined to 6.2% from 6.3% in January, data by the U.S. Department of Labor showed on Friday. Last month, the American economy added the biggest number of jobs in four months, amid the recovery from the impact of the Coronavirus pandemic and the …

The goods and services deficit of the US widened by $1.2 billion to $68.2 billion in January, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Friday.

Goldman Sachs Commodities Research raised its forecast for the price of Brent crude for the second and third quarters by $5 a barrel, after OPEC and its allies kept their agreement to cut supplies unchanged and said that “the discipline of shale oil producers” is likely behind the group’s increased …

Factory orders in the United States increased by 2.6% in January, data by the U.S. Census Bureau showed on Thursday. The reading exceeds that of market expectations, as a recent Dow Jones and Wall Street Journal poll of market experts expected a 2.3% increase in factory orders. The manufacturing sector …