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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

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

How we spent our relief checks

May 20, 2020
Economists at four universities studied the spending habits of about 1,600 middle and low-income consumers who got $1,200 direct payments. The money was spent on necessities like rent and food.
People shop at a Los Angeles grocery store. Americans spent their stimulus checks on the essentials, like rent and groceries.
Mario Tama/Getty Images
Some paper checks have already gone out, the IRS says, but others could take until June or July.
Chip Somodevilla/Getty Images

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Breaking down the new COVID-19 relief bill

The nearly half-a-trillion dollar bill would replenish the program to help small businesses.
$310 billion goes toward loans for small businesses, the Paycheck Protection Program.
Saul Loeb/AFP via Getty Images

Big banks pledge overdraft relief so customers reap full benefits of COVID-19 checks

Apr 16, 2020
Big banks say they’ll give customers a temporary break on negative balances.
Stimulus checks are fair game for private debt collectors. But big banks are offering relief for negative balances.
Joe Raedle/Newsmakers

Small businesses seeking loans to cover COVID-19 losses face confusion, frustration and uncertainty

The loan program was designed before we understood how long this crisis might last, Amanda Ballantyne of Main Street Alliance says.
Jason Kempin/Getty Images