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As the University of Washington’s Institute for Health Metrics and Evaluation projected a resurgence of coronavirus-related deaths at the start of the fall, Treasury Sec. Steven Mnuchin said a second shutdown of the US economy is not on the table.In an interview with CNBC on Thursday, Mnuchin said, “We can’t shut down the economy again. I think we’ve learned that if you shut down the economy, you’re going to create more damage.”In the last three months, more than 113,000 Americans have died from the virus despite massive mitigation efforts. Efforts to mitigate the spread of the virus caused millions of US workers to file for unemployment.The coronavirus has remained deadly as state economies have return to operation. Johns Hopkins University says that the coronavirus has killed an average of 1,000 Americans per day over the last month, which is down from a peak of 2,000 to 2,500 per day during the month of April.It also appears that Mnuchin’s words did little to quell economic anxieties on Wall Street on Thursday, with the Dow Jones Industrial Average tumbling 1,800 points. The market had seen a steady rebound after a sudden drop in the market in March.Even with a functioning economy, Wall Street’s response to growing concerns of a coronavirus resurgence shows that further economic growth could be slowed. The US economy officially entered a recession in February as CDC leaders predicted that the US would experience community spread of the virus. There is no sign the US is poised to exit out of a recession.“There are other areas and we’ve talked about (a shutdown): medical problems and everything else that get put on hold,” Mnuchin said. “I think it was very prudent what the president did, but I think we’ve learned a lot.”Chairman of the Federal Reserve Jerome Powell told reporters on Wednesday that getting the economy back to where it was before the coronavirus began to spread could take time.“My assumption is there will be a significant chunk, well into the millions -- I don't want to give you a number because it's going to be a guess -- but well, well into the millions of people who don't get to go back to their old job and in fact there may not be a job in the industry for them for some time, there will eventually be but it could be some years before we get back to those people finding jobs,” Powell said. "When people lose a job, they can find a job in their own industry, that's the fastest way and no other people in the industry, different kinds of jobs, that's usually the fastest.“If you have to go and start over again it's much harder and that's where you lose people who fall out of the labor force and is very tough on their lives, we all know people.”Unemployment reached its highest level since the Great Depression in April. Even with the possibility of sustained high unemployment numbers, the Cares Act is set to end a 0 bonus to unemployment checks at the end of next month.Whether supplemental funds for unemployment checks will continue beyond next month is still up in the air as Congress considers a next round of stimulus funds. 3104
As people prepare to travel for Christmas, experts are concerned about another spike in coronavirus cases.We are almost a month out from Thanksgiving, and according to the COVID Tracking Project, more than 47,000 people in the U.S. have died from COVID-19 since Thanksgiving.And although the CDC advised against traveling, the Transportation Security Administration screened 9.5 million travelers during the 10-day Thanksgiving travel period.TSA also screened more than 3.2 million people at airports nationwide this past weekend.And as people gear up to spend the Christmas holiday with loved ones, the surge of new COVID-19 cases continues with no end in sight.The Harvard Global Health Institute and Brown School of Public Health created a risk-assessment tool that color-codes states with over 25 new daily cases per 100,000 people. The color red on the map means the state is considered "at a tipping point."According to the Harvard and Brown researchers, the 10 worst states considered to be "at a tipping point" are Tennessee, Rhode Island, California, Alabama, Arizona, Oklahoma, Indiana, Utah, Arkansas, and Delaware.According to Johns Hopkins University data, in Tennessee, the state's positive rate is 19.2%.In Alabama, the state's positive rate is 40.4%. Arkansas's positive rate is 18.7%, Arizona's is 13.1%, Delaware's is 7.7%, 13.3% of COVID tests in California are positive, Oklahoma's positive rate is 21.1%, Indiana has an 11.6% positive rate, Rhode Island is at a 6.3%, and 17.6% of COVID tests in Utah are positive.According to the CDC, between 1.2 million to 2.3 million new cases are likely to be reported in the week ending January 9, 2021. 1671

As Republicans on Monday hit the leaders of major cities helmed by Democrats for their handling of the unrest in the US this summer, thousands took to the streets following the shooting of Jacob Blake.Blake was shot seven times by Kenosha, Wisconsin, police officers on Sunday. Video showed Blake walking into a car when he was shot from behind. As many key details from Sunday’s incident are still not confirmed, Kenosha Police announced that two of the officers involved have been placed on leave.The incident prompted further unrest in a number of US cities on Monday, calling for justice. Supporters of the Black Lives Matter movement also are calling for the arrest of the officers involved in Blake’s shooting.Meanwhile, Republicans tried to pin the unrest and protests that turned violent on Democrats during Monday's portion of the Republican National Convention. The unrest ramped up following the death of George Floyd on Memorial Day. While most of the largest US cities are run by Democrats, unrest has also played out in large cities run by Republicans, including Fort Worth and Jacksonville.To illustrate their point, Republicans called on St. Louis attorneys Mark and Patricia McCloskey, who were criminally charged after video shared on social media indicated that the McCloskeys pointed guns at Black Lives Matter protesters in their gated community."Whether it's the defunding of police, ending cash bails so criminals can be released back out on the streets the same day to riot again, or encouraging anarchy and chaos on our streets, it seems as if the Democrats no longer view the government's job as protecting honest citizens from criminals, but rather protecting criminals from honest citizens,” Mark McCloskey said. “Not a single person in the out of control mob you saw at our house was charged with a crime. But you know who was? We were. They actually charged us with felonies for daring to defend our home."The theme continued by other GOP speakers.“Rioters must not be allowed to destroy our cities,” Kimberly Guilfoyle, National Chair, Trump Victory Finance Committee, said.Some speakers during the Republican Convention claimed that Democrats are supportive of defunding the police. While some members of the Black Lives Matter protest have embraced a “defund the police” movement, Democratic president candidate Joe Biden said he does not support defunding the police. 2409
As Republicans absorb the shock of losing the House of Representatives, the GOP leadership race in the chamber is ramping up to determine who will take over the position of No. 1 House Republican after outgoing House Speaker Paul Ryan leaves.Rep. Jim Jordan, the co-founder of the conservative House Freedom Caucus, announced a bid for minority leader on Wednesday, setting up a challenge to Rep. Kevin McCarthy, the current No. 2 Republican and House majority leader, who is viewed as the favorite to succeed Ryan."I think we have to match the President's intensity on changing this town as we move forward," Jordan told CNN on Wednesday when asked about his bid for minority leader and a challenge to McCarthy.Asked about how House Republicans can counter a Democratic majority pursuing oversight of the President and the administration, Jordan said, "You stand up for the truth. You stand up and defend the White House and the President." He added that Republicans will have to "show the American people the difference in where we would like to take the country and earn back their trust and earn back the majority."According to a source familiar with his plans, Jordan is expected to make the pitch that Republicans would need a fierce attack dog as minority leader to fight against Democrat oversight efforts, and Jordan has already proven he has a loud and aggressive bark.House Republicans are set to hold their leadership elections on Wednesday of next week, a day after they return to Washington.McCarthy has yet to formally announce his own bid for minority leader. Jordan, meanwhile, is viewed as a long shot for the House GOP leadership post.It's unclear yet if House Majority Whip Steve Scalise could also mount a bid for minority leader.Scalise has said that he would not challenge McCarthy in a race for speaker, but when asked recently whether he would challenge the current No. 2 Republican in a race for minority leader if Republicans lost the House, he declined to speculate on the hypothetical."I've never been in the speculation game," Scalise told Roll Call, adding, "when Paul said he was going to step down — I said I'd support Kevin. And I haven't talked about all the things that might happen and what I might run for."With House Republicans in the minority, there may be a match-up between Rep. Cathy McMorris Rodgers and Rep. Liz Cheney for the position of GOP conference chair. McMorris Rodgers currently holds that position, but Cheney on Wednesday formally announced her candidacy for the spot in the next Congress."I am asking for your support to be House Republican Conference Chair because I know we can and must prevail, and I want to lead the effort to build a new and effective House GOP communications operation," Cheney wrote in a letter to members on Wednesday.McMorris Rodgers has not yet announced what she plans to do.Republican Study Committee Chairman Mark Walker will run for GOP conference vice chair.Walker was contacting his colleagues Wednesday morning and letting them know he is running, according to his spokesman, Jack Minor. 3087
BALTIMORE — Scammers are using the COVID-19 pandemic and financial crisis to take advantage of unemployed workers.Like millions of others, Daniel Martin recently lost his job, but he caught a break with a new company.“I was really excited. It sounded like a really good position with a lot of possibilities of growth within the company. It just seemed like something I was looking for,” said Martin.He received a contract and was assigned a project. The company, Gap Systems LLC, was moving their offices to Baltimore and needed him to procure new equipment. Since he wasn’t full-time just yet, he’d have to purchase the laptops with his credit card and the company would reimburse him.“The next two weeks, I completed a total of three purchase orders and all of the payments were posting perfectly fine,” Martin said.A few weeks later, the charges suddenly reversed and Martin’s credit card balance exceeded ,000.After speaking with a bank representative, he learned the account owner had reported the charges as fraudulent.“They probably in some other way scammed someone else to get their account and routing number and then they gave me that information to pay my credit card,” said Martin.Martin feels he should’ve known better, but his excitement clouded his judgment. And this is happening to job hunters around the country. According to the Federal Trade Commission, consumers reported losing 0 million to these scams in the first nine months of 2020.This week, the FTC along with 19 federal, state, and local law enforcement partners, announced a crackdown on scams targeting consumers with fake promises of income and financial independence.More than 50 enforcement actions were taken against operators of work-from-home and employment scams, pyramid schemes, investment scams, bogus coaching courses, and other schemes.“If at any point during any part of the process they ask you to buy anything, just don’t,” said Martin.Especially with checks. It’ll likely bounce then you’re on the hook for that money.And if someone contacts you about a j
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