A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.
Just days before U.S. President Donald Trump’s campaign rally in Tulsa, the biggest event in the country since pandemic restrictions were imposed in March, new coronavirus cases are surging in Oklahoma, Texas, Arizona and elsewhere.
In a withering behind-the-scenes portrayal, President Donald Trump’s former national security adviser John Bolton accused him of sweeping misdeeds that included explicitly seeking Chinese President Xi Jinping’s help to win re-election.
President Donald Trump, facing criticism that his policies and inflammatory rhetoric have aggravated a racial divide in the United States, signed an order on Tuesday that he said would reform police practices while maintaining “law and order.”
U.S. President Donald Trump will sign an executive order on Tuesday that will seek to improve how police officers treat African Americans and others by improving credentialing, training and mental health resources, administration officials said.
New coronavirus cases and hospitalizations in record numbers swept through more U.S. states, including Florida and Texas, as most push ahead with reopening and President Donald Trump plans an indoor rally in Tulsa, Oklahoma.
The United States cannot let the coronavirus shut down its economy again, U.S. Treasury Secretary Steven Mnuchin said on Thursday, adding that more than $1 trillion in rescue funds will flow into the economy over the next month.
The U.S. Federal Reserve on Wednesday repeated its promise of continued extraordinary support for the economy as policymakers projected a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year’s end.