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ISRAEL AT WAR - DAY 374

US economy

This combination photo shows Republican presidential nominee former President Donald Trump at a campaign event in New York, Sept. 5, 2024, left, and Tesla and SpaceX CEO Elon Musk at the European Jewish Association's conference in Krakow, Poland, Jan. 22, 2024. (AP)
September 6, 2024, 10:07 am
Trump says he will tap Elon Musk to lead government efficiency commission if elected
US presidential candidate gives few details about how commission would operate, other than placing billionaire supporter at the helm
By Helen Coster and Gram Slattery
US President Joe Biden talks with reporters before boarding Marine One on the South Lawn of the White House in Washington, May 26, 2023. (Susan Walsh/AP)
May 28, 2023, 10:48 am
US debt-ceiling deal: What’s known so far about the agreement to avert default
Non-defense spending roughly flat in the 2024 fiscal year, full funding for veterans as per Biden’s proposed budget plan, changes to food stamp program
By KEVIN FREKING
Lights illuminate the US Capitol after House Speaker Kevin McCarthy announced that he and US President Joe Biden had reached an 'agreement in principle' to resolve the looming debt crisis on May 27, 2023, on Capitol Hill in Washington, DC. (AP Photo/Patrick Semansky)
May 28, 2023, 5:45 am
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
After extensive talks, president and House speaker reach compromise deal that may face opposition from both sides over concessions, as sides race to meet June 5 deadline
By LISA MASCARO, MARY CLARE JALONICK, Zeke Miller and KEVIN FREKING
US President Joe Biden talks with reporters on the South Lawn of the White House in Washington, May 26, 2023, as he heads to Camp David for the weekend. (AP Photo/Susan Walsh)
May 27, 2023, 8:24 am
Biden says US debt deal ‘very close’ as default deadline pushed to June 5
US president’s optimism comes despite work requirements for federal food aid recipients emerging as point of contention; Yellen warns of catastrophic consequences of failure to act
By MARY CLARE JALONICK, LISA MASCARO and FATIMA HUSSEIN
File: A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. (AP Photo/Jeff Chiu)
May 1, 2023, 1:13 pm
US seizes assets of First Republic Bank, third to collapse in 2 months
JPMorgan Chase acquires bank’s assets, set to reopen branches under its name, after bank failed to recover from $100 billion loss in year’s first quarter
By Ken Sweet
US President Joe Biden speaks about the banking system in the Roosevelt Room of the White House in Washington, March 13, 2023. (AP Photo/Andrew Harnik)
March 13, 2023, 4:50 pm
Biden insists US banking system safe after collapse of 2 banks
As markets reopen, president says country’s financial systems are sound, taxpayers won’t bear the brunt after stunning breakdown of Silicon Valley Bank and Signature Bank
By Ken Sweet, CHRISTOPHER RUGABER, CHRIS MEGERIAN and Cathy Bussewitz
Workers help set up the Google booth at the Las Vegas Convention Center before the start of the CES tech show, January 2, 2023, in Las Vegas. (AP/John Locher)
January 20, 2023, 3:57 pm
Google announces 12,000 job cuts as tech industry layoffs spread
Firings come day after Microsoft says it will reduce staff in next few months, similar decisions by other prominent firms, as sector faces economic downturn
By AFP
President Joe Biden speaks outside Independence Hall, Thursday, September 1, 2022, in Philadelphia. (AP Photo/Matt Slocum, File)
September 15, 2022, 11:06 am
Poll: Biden’s approval rises but concerns over his handling of the economy remain 
Close to half of Democrats — 44% — are optimistic about the future, up from 27% in July; just 9% of Republicans are optimistic about nation’s direction
By Josh Boak and HANNAH FINGERHUT
US Senator Lindsey Graham arrives at the US Capitol for votes, September 29, 2021, in Washington. (AP Photo/Andrew Harnik)
September 30, 2021, 8:42 am
With Democrats split, US Senate set to vote on bid to avert government shutdown
Thursday vote kicks off critical days for Biden administration, with his party divided between centrists and leftists, GOP opposing any measures that enable massive spending bills
By Frankie TAGGART
Illustrative image: School buses lined up in the Williamsburg neighborhood of Brooklyn on April 24, 2019. (Johannes Eisele/AFP via Getty Images/JTA)
March 16, 2021, 9:13 am
Orthodox Jewish groups welcome $2.75b for private schools in COVID relief bundle
Following successful lobbying, US Senate Majority Leader Chuck Schumer includes aid in $1.9 trillion pandemic rescue package
By Andrew Silow-Carroll
A visual representation of Bitcoin, at the 'Bitcoin Change' shop in Tel Aviv, February 6, 2018. (Jack Guez/AFP)
March 13, 2021, 4:50 pm
Bitcoin tops $60,000 mark for first time in its history
Analysts say approval of massive US stimulus package is helping fuel record rise in the cryptocurrency’s value
By AFP
In this image from video, senators stand and applaud support staff, before the final vote on the Senate version of the COVID-19 relief bill in the Senate at the US Capitol in Washington, March 6, 2021. (Senate Television via AP)
March 9, 2021, 9:58 pm
‘Transformative’ COVID stimulus plan on verge of passing US Congress
House of Representatives expected to give final approval to $1.9 trillion spending package on Wednesday, clearing it to be signed by Biden
By Michael Mathes
An empty shopping area at Washington Union Station in Washington, DC, March 20, 2020. (SAUL LOEB/AFP)
January 28, 2021, 10:31 pm
Pandemic caused worst year for US economy since 1946
Commerce Department reports GDP shrunk by 3.5% in 2020 while net exports fell 13% and personal consumption expenditures dropped 3.9%
By Chris Stein and Heather Scott
US President Joe Biden signs executive orders as part of his administration's COVID-19 response, in the State Dining Room of the White House in Washington, on January 21, 2021. (Mandel Ngan/AFP)
January 22, 2021, 2:21 pm
Biden orders expanded aid to address growing hunger crisis in US amid pandemic
New US president to sign 2 more executive orders Friday as part of his administration’s COVID response; economic adviser: ‘The American people can’t afford to wait’
By Chris Stein
US President Donald Trump waves as he boards Air Force One at Andrews Air Force Base, Maryland, December 23, 2020. (Patrick Semansky/AP)
December 28, 2020, 4:21 am
Trump signs massive COVID relief bill, after slamming it for days as ‘disgrace’
Under pressure from all sides, US president approves $900 billion aid package but tells Congress ‘wasteful items must be removed’
By Agencies
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