United States: in New York, workers remain in the carafe

Max Katzenberg had to lay off his 60 employees within hours. “It’s a disaster”, blurted out this owner of two trendy Brooklyn restaurants, Olmsted and Maison Yaki, at tables usually reserved several weeks in advance. But he had no other choice, the closures being imposed by the measures of “social distancing” in an attempt to […]

Corona crisis is causing worst recession in decades

Jerome Powell The head of the US Federal Reserve has said that the Fed will continue its emergency measures and leave the key interest rate close to zero. (Photo: AP) Washington The coronavirus pandemic has plunged the US economy into the worst recession since World War II, according to central bank chief Jerome Powell. There […]

Treasury Secretary Mnuchin swipes at Guns N’ Roses rocker Axl Rose

Slash and Axl Rose of Guns N’ Roses perform onstage in Madison Square Garden last October. Kevin Mazur | Getty Images Treasury Secretary Steven Mnuchin challenged hard rock musician and Guns N’ Roses member Axl Rose on Twitter Wednesday evening. The Treasury secretary, who oversees the debt issuance and fiscal wellbeing of the United States, […]

Trump is pushing back to work as Kudlow predicts an economic recovery

Larry Kudlow, director of the U.S. National Economic Council, speaks to media representatives at the White House in Washington, DC, USA on Monday, March 24, 2020. Photographer: Oliver Contreras / Sipa / Bloomberg via Getty Images Oliver Contreras | Sipa | Bloomberg via Getty Images President Donald Trump and his top economist, Larry Kudlow, suggested […]

Trump wants payments of $ 1,000 for adults and $ 500 for children

Steven Mnuchin, U.S. Treasury Secretary, speaks on Saturday, March 14, 2020, during a press conference in the White House meeting room in Washington, DC, the United States. Shaw Thew | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin revealed on Thursday details of the Trump administration’s plan to provide aid to Americans under a massive […]

Treasury Secretary Mnuchin does not expect the corona virus to recession

Steven Mnuchin, U.S. Treasury Secretary, speaks on Saturday, March 14, 2020, during a press conference in the White House meeting room in Washington, DC, the United States. Shaw Thew | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin is confident that the US economy will survive the post-Corona virus outbreak and does not expect a […]

The Pelosi and Trump administration reached an agreement

The House Democrats and Trump administration agreed on a coronavirus response package on Friday after a day of arduous negotiations, House spokeswoman Nancy Pelosi said. “We are proud to have reached an agreement with the government to resolve outstanding challenges, and will soon be passing the law to respond to the family’s first coronavirus,” she […]