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As Legal Fees Mount, Trump Steers Donations Into PAC That Has Covered Them
Facing multiple intensifying investigations, former President Donald J. Trump has quietly begun diverting more of the money he is raising away from his 2024 presidential campaign and into a political action committee that he has used to pay his personal legal fees. The change, which went unannounced except in the fine print of his online […]
A U.S. recession? Probably. Depression? Only if the virus is untamed
By Howard Schneider WASHINGTON – A U.S. recession may already be underway. Could it be worse? The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation with massive unemployment and plummeting economic output. It reshaped America, shifting migration patterns, and spawning new styles of music, art […]
Goldman Sachs ups weekly U.S. jobless claim estimate to six million
LONDON (Reuters) – Goldman Sachs said on Thursday it expected the U.S. jobless claims to jump to a record 6 million for March 22-28 week as lockdowns of cities would mean there is even less likelihood of hiring than during a recession. According to a Reuters survey of economists, initial claims for state unemployment benefits […]