KEY POINTS The coronavirus is likely to reduce GDP by $7.9 trillion, or 3%, through fiscal 2030, according to the Congressional Budget Office. Sen. Chuck Schumer said the estimate shows the urgency of getting more rescue funding passed. Nominal GDP … Read More
A protester carries a U.S. flag upside down, a sign of distress, next to a burning building in Minneapolis. —AP “AMERICA is burning. But that’s how forests grow.” So spoke Massachusetts Attorney General Maura Healey. “Riots are an integral part of … Read More
Houses of worship have a hard cap of 50 people, while casinos may allow 50 percent capacity. President Trump‘s campaign is holding an “Evangelicals for Trump” event on Thursday at a Las Vegas hotel and casino, amid a controversial ban in the state on … Read More
President Trump slammed AG Letitia James’ suit against the group, calling it ‘a very terrible thing’. The National Rifle Association is fighting back against a lawsuit filed Thursday by New York’s attorney general by submitting its own civil suit against the state official, … Read More
The tremor struck Mindanao at a depth of 473 kilometers (293.91 miles) on Saturday (file photo) ( AFP via Getty Images ) A 6.4-magnitude earthquake hit the Philippines, the European Mediterranean Seismological Centre (EMSC) said. The tremor struck Mindanao at a depth … Read More
Sudan Much of Sudan is in recovery mode after torrential rains caused widespread flooding and landslides, killing at least 10 and damaging or destroying more than 3,300 homes. Almost two dozen schools and several mosques were also destroyed. The U.N. … Read More
WASHINGTON – The Supreme Court ruled late Friday that Nevada can impose tighter restrictions on churches than casinos while a legal dispute over its social distancing policies continues. The 5-4 ruling included dissents from conservative justices who said limiting church gatherings to 50 worshipers while allowing … Read More
Rise in consumer spending cheers bank but unemployment will double and GDP drop ‘significantly’ The Bank of England building. Photograph: Ray Tang/REX/Shutterstock The Bank of England has said Britain’s economy is recovering more quickly than initially feared from the coronavirus pandemic … Read More