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Articles written by Josh Boak

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Inflation fears and politics shape views of Biden economy

WASHINGTON (AP) — President Joe Biden is banking on the idea of making life more affordable for middle-class families — and that's where the recent bout of inflation poses both a political and an economic risk. The U.S. economy may be poised for...

 

Biden ends GOP infrastructure talks, starts new negotiations

WASHINGTON (AP) — President Joe Biden ended talks with a group of Republican senators on a big infrastructure package on Tuesday and started reaching out to senators from both parties in a new effort toward bipartisan compromise, setting a summer d...

 

Biden betting on wage growth, while GOP warns of inflation

WASHINGTON (AP) — The Biden administration recently gave a bit of simple advice to businesses that are unable to find workers: Offer them more money. This recommendation, included in a White House memo about the state of the economy, gets at a...

 

Bidens paid 25.9% rate and earned $607,336, tax returns show

WASHINGTON (AP) — President Joe Biden restored a long-standing presidential tradition Monday by releasing his tax returns, showing that 25.9% of the first couple's income went to the federal government in 2020. The average federal income tax rate...

 

Biden to pitch sweeping 'family plan' in speech to Congress

WASHINGTON (AP) — Marking his first 100 days in office, President Joe Biden will use his first joint address to Congress to pitch a $1.8 trillion investment in children, families and education that would fundamentally transform the role government...

 

Defining numbers from Biden's early days, from jobs to virus

WASHINGTON (AP) — President Joe Biden's opening months in office have been a whirlwind of activity during the pandemic and the start of an economic recovery. He is facing a sharp increase in the number of migrant children at the U.S.-Mexico...

 

Biden open to compromise on infrastructure, but not inaction

President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable. The president turned fiery in an afternoon speech, saying that the...

 

Women's soccer stars join Biden to promote closing pay gap

WASHINGTON (AP) — President Joe Biden is making the case Wednesday that the pay disparity between men and women has hurt the economy, bringing members of the U.S. women's national soccer team to the White House to help set new goals for equality....

 

Biden: Governors, mayors need $350 billion to fight COVID-19

WASHINGTON (AP) — President Joe Biden met with a bipartisan group of governors and mayors at the White House on Friday as part of his push to give financial relief from the coronavirus pandemic to state and local governments — a clear source of...

 

Analysis: Child poverty a hidden focus of virus relief plan

BALTIMORE (AP) — Tucked inside President Joe Biden's $1.9 trillion coronavirus relief plan is a seemingly radical notion that children should not grow up in poverty. Congressional Democrats are now sketching out that vision more fully by proposing...

 

Biden flexible on who gets aid, tells lawmakers to 'go big'

WASHINGTON (AP) — President Joe Biden encouraged Democratic lawmakers Wednesday to "act fast" on his $1.9 trillion COVID rescue plan but also signaled he's open to changes, including limiting the proposed $1,400 direct payments to Americans with...

 

Biden meets Republicans as Democrats push on for virus aid

WASHINGTON (AP) — President Joe Biden met late Monday with a group of Republican senators who have proposed a slimmed down $618 billion coronavirus aid package — a fraction of the $1.9 trillion he is seeking — as congressional Democrats vowed...

 

CBO projects 4.6% growth in Biden's first year, jobs lag

The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn't expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Monday. The 10-year outlook said the economic recovery from...

 

Democrats prep Biden's virus aid package with or without GOP

WASHINGTON (AP) — Senate Democrats are preparing to push ahead quickly on President Joe Biden's $1.9 trillion COVID-19 relief package even if it means using procedural tools to pass the legislation on their own, leaving Republicans behind. Senate...

 

Biden ordering stopgap help as talks start on big aid plan

BALTIMORE (AP) — President Joe Biden took executive action Friday to speed a stopgap measure of financial relief to millions of Americans affected by the coronavirus pandemic while Congress begins to consider his much larger $1.9 trillion package....

 

Business grows skittish about Trump and GOP after riots

WASHINGTON (AP) — Corporate America is quickly distancing itself from President Donald Trump and his Republican allies, with many of the biggest names in business — Goldman Sachs, Coca-Cola, Ford and Comcast — suspending political donations...

 

NY Times: Trump paid $750 in US income taxes in 2016, 2017

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report in The New York Times. Trump, who has fiercely guarded his tax filings and is the only...

 

AP FACT CHECK: Is US great again or dystopian? GOP says both

WASHINGTON (AP) — The Republican National Convention begged this question: Why are President Donald Trump's most fervent supporters describing the state of his union as a hellscape? It was perhaps the central paradox for voters wondering what to...

 

Can job market sustain its gains? Uncertainties cloud future

WASHINGTON (AP) — Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot in the U.S. job market. Or is it? So many uncertainties are overhanging the economy that no one knows...

 
 By Josh Boak    Regional    June 7, 2020

Virus exposes sharp economic divide: College vs. non-college

BALTIMORE (AP) — For an American workforce under continuing threat from the coronavirus, the best protection might just be a college degree. Friday's jobs report for May delivered a major pleasant surprise, with lower unemployment and 2.5 million...

 

US retail sales plunged a record 16% in April as virus hit

BALTIMORE (AP) — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. T...

 

10 takeaways from the worst jobs report in US history

BALTIMORE (AP) — Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S. economy. Most obviously, there's the 14.7% unemployment rate,...

 

From people and firms desperate for aid, one question: When?

BALTIMORE (AP) — It's been two weeks since President Donald Trump signed into law a $2.2 trillion economic rescue package that will distribute money to struggling individuals and businesses. It feels like a lot longer than that to James Stearns of...

 

Trump tries to shift blame as virus outbreak rattles markets

WASHINGTON (AP) — As global markets plunged amid growing fears about the coronavirus outbreak, President Donald Trump and his allies pulled from a familiar playbook Friday and blamed others for the slide. It's a challenging sell for a president...

 

AP FACT CHECK: Donald Trump and the audacity of hype

WASHINGTON (AP) — In their boisterous presidential debate, several Democrats sold short the health care plans of rivals or glossed over aspects of their own record. In an audacious league of his own, President Donald Trump celebrated the...

 

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