WHITE HOUSE WATCH: AMID THE CONFUSION VIRUS KEEPS SPREADING
By Denny Gulino WASHINGTON (MaceNews) – The two most important realities Friday remained the incrementally greater death tolls every day and the fundamental wisdom of distancing while other less important considerations included a new somewhat half-hearted recommendation for everyone to wear masks. There was also new confusion about a number of topics and the beginning […]
DATA FLASH: US MARCH PAYROLLS DROP 701,000, BUT IT’S ONLY THE BEGINNING
–Unemployment Rate Rises to 4.4% from 3.5%, Some See It Rising to 30% By Kevin Kastner WASHINGTON (MaceNews) – The March employment report was much weaker than expected, but only reflected the very start of the economic shutdowns. The March 14 survey week fell before the bulk of the government-mandated business shutdowns. As a result, […]
Updating CBO’s Economic Forecast to Account for the Pandemic
WASHINGTON (MaceNews) – The following is the non-partisan Congressional Budget Office update text of pandemic-related economic assumptions posted Friday morning by CBO Director Philip Swagel: CBO expects that the economy will contract sharply during the second quarter of 2020 as a result of the continued disruption of commerce stemming from the spread of the novel […]