Treasury Secretary Steve Mnuchin with national debt signage in background. Tom Williams | CQ Roll Call | Getty Images The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury Department reported
Economy
Servers wear masks as musicians play in the street for patrons of the 1803 restaurant in lower Manhattan during phase 3 of the coronavirus pandemic on July 09, 2020 in New York. Roy Rochlin | Getty Images Surging coronavirus cases are showing up in both a slowdown of current economic activity as well as future
Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases. Claims for the week ended July 4 totaled 1.314 million, compared with the 1.39 million expected from economists surveyed by Dow Jones. The total marked a decrease of 99,000 from a week
Jaeden Milam makes clear acrylic safety shield dividers on a computer-controlled cutting machine at Screaming Images amid the spread of the coronavirus on May 18, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images U.S. producer prices unexpectedly fell in June as the economy battles depressed demand amid the Covid-19 pandemic. The Labor Department
Gerard Miller | CNBC Amid historically aggressive policy moves from the U.S. central bank and Congress, Dallas Federal Reserve President Robert Kaplan said the most important thing for the economy now is wearing protective face coverings. Masks in public, Kaplan said, are key to stopping the coronavirus spread, which is increasing in record numbers and