All this talk about the Fed "tapering" bond-buying — what's it to you?

Sep 22, 2021
Two words: interest rates. On stuff like mortgages. Business loans. Keeping them low keeps capital flowing in this pandemic economy.
Federal Reserve Chairman Jerome Powell speaks in July. The central bank has been communicating about eventually tapering its bond purchases so the markets will be prepared when it starts.
Nicholas Kamm via Getty Images

New York creates fund for undocumented workers

Apr 12, 2021
COVID-19 has disproportionately affected many groups, including undocumented immigrants. Lawmakers want them to be compensated.
Many jobs often done by undocumented immigrants, such as construction and food service, were cut back during the pandemic.
Saul Loeb/AFP via Getty Images

Uber and Lyft dole out cash to get drivers back on the road

Apr 8, 2021
Ride-hail companies are trying to bounce back from their current driver shortage. Many drivers think it's safer to deliver food than drive people.
Many gig workers, Uber and Lyft drivers included, still fear for their health as they drive passengers around.
Spencer Platt/Getty Images

“This is not Christmas,” Illinois comptroller warns of federal relief money

Mar 16, 2021
“That money is essentially spoken for,” Susana Mendoza says of the $7.5 billion coming to the state from the American Rescue Plan.
Federal relief money offers a chance for Illinois to pay down its debt. Above, a view of Lake Michigan from the Sears Tower Skydeck in Chicago.
Tim Boyle/Getty Images

Stimulus could fund ventilation improvements in classrooms

Mar 15, 2021
Run-down public schools made air quality a problem before COVID.
Charly Triballeau/AFP/Getty Images

Inside the economy President Biden inherits

Jan 21, 2021
How will the Biden administration approach a sharply unequal recession amid the COVID-19 pandemic?
The 10 million job losses for the U.S. economy have been concentrated in the leisure and hospitality sectors. Elsewhere in the economy, there's actually been substantial business formation.
Joe Raedle/Getty Images

Bigger relief deal in a Democrat-led Senate is a "safe bet"

Jan 6, 2021
Two economists weigh in on what a Democrat-led Senate might mean for a stimulus package.
Democratic Sen.-elect Raphael Warnock, former Georgia legislator Stacey Abrams and Democratic Sen.-elect Jon Ossoff listen to President-elect Joe Biden speak during a campaign rally in Atlanta.
Drew Angerer/Getty Images

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Will the latest stimulus last long enough?

Dec 22, 2020
The $900 billion in relief was a compromise that may not compensate for the prolonged economic hardship.
Empty tables stand outside of a restaurant in Manhattan on Dec. 11, 2020, in New York City.
Spencer Platt/Getty Images

How low interest rates may shape the start of a Biden presidency

Nov 24, 2020
The only thing really left is for Congress and a president to pass more stimulus.
President-elect Joe Biden announces key cabinet nominees at a press conference on Nov. 24 in Wilmington, Delaware.
Mark Makela/Getty Images

What happens after a mall defaults on its loans?

Oct 27, 2020
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
Screen shot PREIT marketing materials