President Donald Trump touts the economy’s quick recovery as evidence of his administration’s success. He’s not wrong, but it’s not the full picture.
Federal Reserve Chairman Jerome Powell spent all last week testifying about the recovery on Capital Hill. His message: This is a tale of two economies, and one looks much stronger than the other.
On paper, the economy is roaring back even stronger than Powell and many economists expected.: More than 22 million jobs vanished in the spring lockdown, but 10.6 million jobs have since been added back.
President Donald Trump casually dropped Friday that he would “ban” TikTok. That added heft to earlier statements made by Secretary of State Mike Pompeo that the administration was considering a ban.
But how would a ban on an app that’s already been downloaded by 165 million Americans, and that anyone can currently download from Apple and Google app stores, actually work?
There’s so much happening right now with your student loans.
Here’s what you need to know – and what to do about it.
In case you missed it, there have been major changes regarding your student loans. President Donald Trump signed the CARES Act, which includes a $2 trillion stimulus package in response to the Coronavirus health emergency. Among other benefits, the CARES Act has major implications for the way you pay your student loans, think about student loan forgiveness, and manage your money during Coronavirus. Fortunately, let’s make it easy for you and put all the updates in one place so you’re up to speed. Here are the major changes:
At 2:18 pm ET on Wednesday, cell phones across the country buzzed with a Presidential Alert emergency test from President Donald Trump.
It was part of the first-ever national test of the Wireless Emergency Alert (WEA) system, part of a pair of tests delivered by FEMA, that’s been buzzing phones on a regional basis for years, alerting customers mostly to severe weather and Amber alerts.
News of the test, which hit back in September, got some folks a little riled up because these alerts allow direct communication between the president and the nation in case of an emergency, like a natural disaster or terrorist attack.
Last week featured some of the biggest drama of President Donald Trump’s tenure so far.
In courtrooms separated by about 200 miles, Trump’s former longtime lawyer Michael Cohen pleaded guilty to eight counts of federal felonies, two of which were campaign-finance violations that he said Trump “directed” him to make, while the president’s ex-campaign manager Paul Manafort was convicted on eight felony counts while the jury was hung on another 10 counts he faced.
So what’s next?