Ben Werschkul DC Producer Yahoo Finance Rep. Don Beyer (D., VA) is the Vice Chair of the U.S. Congress Joint Economic Committee. He also recently self-quarantined following a positive COVID-19 test by a friend with whom he had recently dined with. On Tuesday, he came on Yahoo Finance’s “On the Move” to give an update both on Washington’s economic response to the crisis and how he’s doing. In rece... Read more »
Congressman Don Beyer, D-Va., is pushing FDA and CDC leaders for daily, updated information on testing capacity for each state, the district, and the territories. “It is important for public health officials and policy makers to have a full understanding of testing capacity in order to appropriately plan,” Beyer wrote in a letter Monday. “More importantly, for the United States economy to return t... Read more »
While many companies have started requiring employees to work from home during the coronavirus outbreak, one really large employer is conspicuously absent from the telework trend: the federal government. The Trump administration had previously been cutting back on telework, but Rep. Don Beyer, who’s currently in self-quarantine, says enough is enough — it’s time to send federal office workers hom... Read more »
The Hill Democrats in the House and Senate introduced legislation Friday that would require all employers to grant workers paid sick days in light of the global coronavirus spread. The bill unveiled by Rep. Rosa DeLauro (D-Conn.) and Sen. Patty Murray (D-Wash.) would mandate all employers to let workers accrue seven days of paid sick leave and immediately provide 14 additional days when there is a... Read more »
Gizmodo House Democrats on Wednesday signed a letter urging President Trump to restore two teams within the national security apparatus dedicated to global health threats, calling the administration’s response to the outbreak of the new coronavirus “dangerously inadequate” and “frankly frightening.” “In the face of such a threat, the American people need to know that there is a strategy being exe... Read more »
The U.S. created 514,000 fewer jobs in 2018-19 than originally reported — here’s what that means By Jeffry Bartash - 02/07/2020 The U.S. economy created about a half-million fewer jobs in 2019 and 2018 than it first appeared, but it doesn’t mean the labor market isn’t strong. The government as expected pruned the level of overall U.S. employment by 514,000 as of March 2019, with almost all of the ... Read more »
Trump fires second key impeachment witness Gordon Sondland in Friday purge – as it happened By Lois Beckett, Lauren Aratani & Paul Owen - 02/07/2020 The twin brother of Lt Col Alexander Vindman, a national security expert who testified during Trump’s impeachment trial about his concerns about the president pressuring Ukraine to investigate the Bidens, his political rivals, was also fired by the Wh... Read more »
Tax cut proponents blame weak business investment on Trump trade wars By Sean Higgins - 02/05/2020 President Trump's trade wars have undercut the economic benefits of his tax cuts, proponents of the 2017 tax code overhaul say. Administration officials are hoping that Trump's newly signed trade deals will lead to the realization of the promised boost in investment from the tax code overhaul. The ta... Read more »
Slowing economy complicates campaign messaging for Trump By Sylvan Lane and Naomi Jagoda - 02/02/2020 President Trump is heading into the 2020 campaign with a resilient economy behind him and new trade deals under his belt, counting on both to help bolster his reelection odds. But as Trump claims credit for extending the longest-ever stretch of U.S. economic prosperity, recent government figures s... Read more »
Wilbur Ross says Coronavirus could boost US jobs By BBC News Staff - 1/30/2020 US commerce secretary Wilbur Ross has said the deadly coronavirus outbreak in China could be positive for the American economy. During a TV interview Mr Ross said: "I think it will help to accelerate the return of jobs to North America". The rapid spread of the disease has raised fears about its impact on the Chinese ec... Read more »
