House COVID oversight panel demands documents from 4 states

The Democratic head of a congressional coronavirus oversight panel has demanded that Tennessee Gov. Bill Lee and three other Republican governors provide documents showing how their states are combating the pandemic.

Hundreds of thousands of Floridians late in paying electric bills after massive job losses, pandemic hit

While the overall number of customers late in making payments has shown some improvement from an initial peak of the crisis in April, utility officials told the Florida Public Service Commission that a challenge remains in getting in touch with many of the customers.

US is expected to report a record-breaking economic plunge

Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.

Second stimulus check details revealed: Who is eligible?

The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.

White House, Senate GOP to unveil $1 trillion coronavirus pandemic relief package

The administration’s chief negotiators — White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin — spent the weekend on Capitol Hill to put what Meadows described as “final touches” on the relief bill Senate Majority Leader Mitch McConnell is expected to bring forward Monday afternoon.

More payments, extended benefits:  Inside the GOP's COVID stimulus proposal

The framework is expected to extend — but reduce substantially — just-expired expanded unemployment benefits, send a fresh round of $1,200 stimulus check to American adults earning less than $75,000 in August and funnel tens of billions of dollars in aid to schools and universities.

Business economists sketch a more hopeful outlook

In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.

Many Americans should be getting $1,200 checks in August, Treasury Secretary says

Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.

US new home sales jump 13.8% in June

The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.