House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.
October 8, 2020Search
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Louisiana Braces Itself for Hurricane Delta
Louisiana residents still recovering from the devastation of a powerful hurricane less than two months ago braced for another hit as Hurricane Delta steamed north through the Gulf on Oct. 8 after swiping Mexico’s Yucatan Peninsula.
October 8, 2020US Layoffs Remain Elevated as 840,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.
October 8, 2020Oil Drops With Rising US Supplies Adding to Stimulus Concern
Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.
October 7, 2020Pelosi, Mnuchin Talk Airline Aid After Trump Nixes Big Stimulus
Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.
October 7, 2020Hurricane Delta Makes Landfall in Mexico
Hurricane Delta made landfall Oct. 7 just south of the Mexican resort of Cancun as an extremely dangerous Category 2 storm, downing trees and knocking out power along the northeastern coast of Yucatan Peninsula, but without immediate reports of deaths or injuries.
October 7, 2020Hydrogen Double-Decker Buses Arrive in Europe’s Top Oil City
The world’s first double-decker hydrogen buses arrived in Aberdeen, Scotland, on Oct. 7, a city best known as a base for some of the world’s top oil companies.
October 7, 2020US Trade Deficit Widened in August to Largest Since 2006
The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday shopping season.
October 6, 2020Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations
President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.
October 6, 2020Trump Touts Aid for Airlines, Small Businesses
Economic aid for a federal loan program for small businesses and for the airline industry, including cargo carriers, garnered the support of President Donald Trump.
October 6, 2020