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WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.Unemployment Insurance Weekly ClaimsInitial claims were 751,000 for the week ending 10/24 (-40,000).Insured unemployment was 7,756,000 for the week ending 10/17 (-709,000).https://t.co/ys7Eg5LKAW— US Labor Department (@USDOL) October 29, 2020 Rising confirmed virus cases in nearly every state, along with a cutoff in federal aid, are threatening to weaken the economy in the coming months.As temperatures fall, restaurants and bars will likely serve fewer customers outdoors. And many consumers may increasingly stay home to avoid infection.Those trends could force employers to slash more jobs during the winter.Though many are still unemployed, the U.S. economy has shown signs of recovery, growing at a 33.1% annual rate in the July-September quarter, the Bureau of Economic Analysis announced Thursday. That’s the largest quarterly gain on record, The Associated Press reports.The growth comes after the historic economic plunge brought on by the pandemic in the spring, when businesses had to close and lay off workers.The Washington Post reports that the U.S. economy has recovered about two thirds of the ground it lost during the first half of the year. Though, The Post says these numbers don’t mean the economy has entirely healed or that the pace of the recovery will continue into the final quarter, especially because of the recent surge in COVID-19 cases across the nation. 1639

WASHINGTON, D.C. – During a Thursday morning phone interview, President Donald Trump attacked Sen. Kamala Harris, repeatedly calling her a "monster." He also called her a "communist," which she is not.Trump went after the Democratic vice-presidential nominee after telling Fox Business that he wouldn’t participate in next week’s presidential debate if it’s virtual, Trump said he thought Harris performed terribly in Wednesday night’s debate with Vice President Mike Pence.“She was terrible, she was, uh, I don’t think you could get worse, and totally unlikeable, and she is,” Trump claimed. “She’s a communist. She’s left of Bernie. She’s rated left of Bernie by everyone. She’s a communist.”During the long and rambling interview, Trump said multiple times that if Biden wins the election, he won’t last longer than two months.“We’re going to have a communist and she’s going to be, in my opinion, within a month, look, I stood next to Joe and I looked at Joe. Joe’s not lasting two months as president, OK that’s my opinion. He’s not going to be lasting two months,” Trump said.Though Trump has been caught lying thousands of times throughout his presidency, he called Harris a liar during the interview. He claimed she wasn’t telling the truth when she said a Biden administration wouldn’t ban fracking in the U.S.“And this monster that was on stage with Mike Pence, who destroyed her last night by the way, but this monster, she says no, no, there won’t be fracking, there won’t be this,” Trump said. “Everything she says is a lie.”Trump refers to Kamala Harris as "this monster" pic.twitter.com/hcnUpV8PBf— Aaron Rupar (@atrupar) October 8, 2020 Biden has said repeatedly that he doesn’t support an outright ban on fracking, but would rather bar the issuance of new permits for any form of drilling for oil and natural gas on federal land.“Fracking has to continue because we need a transition,” Biden told CNN during a town hall last month. “We’re going to get to net zero emissions by 2050 and we’ll get to net zero power emission by 2035. But there’s no rational to eliminate, right now, fracking.”.@andersoncooper challenges Joe Biden on fracking, saying "it sounds like, to some, you are trying to have it both ways.""Fracking has to continue because we need a transition," Biden responded to Cooper. "...There's no rationale to eliminate [it] right now." #BidenTownHall pic.twitter.com/mGejEumHo6— CNN (@CNN) September 18, 2020 Trump, who is still battling the coronavirus after testing positive last week, said he hasn’t been tested recently, he’s “essentially very clean.” He also claimed to be the “perfect physical specimen.” 2650

WASHINGTON (AP) — The U.S. economy rebounded at a record pace of 33.1% in the July-September quarter, unchanged from the first estimate a month ago.But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter, with some analysts even raising the specter of a double-dip recession.Last week, the number of Americans applying for unemployment benefits rose to 778,000. That’s up from 748,000 the week before, according to the Department of Labor.The Commerce Department reported Wednesday that the overall increase in the gross domestic product, the country’s total output of goods and services, remained the same as its first estimate although some components were revised.Bigger gains in business investment, housing and exports were offset by downward revisions to state and local government spending, business inventories and consumer spending.The Associated Press found that the 33.1% gain was the largest quarterly gain on record, surpassing the old mark of a 16.7% increase in 1950. 1028

We’re getting a clearer picture of housing inequalities minority families are facing.Two economists analyzed more than a decade of tax assessment and sales information for nearly 120 million homes across the country. They focused on areas where every homeowner theoretically faces the same tax rate.What they found was that minority homeowners still ended up paying a ten to 13 percent higher tax rate on average. For the median Black or Hispanic household, that could be an extra to 0 a year.They also looked at property tax appeals in Chicago, and found Black homeowners were significantly less likely to appeal their property tax assessment. This kind of data is not available nationwide, but it is believed to be a widespread issue.“So much of it is rooted in systemic and historical structures of racism. So, you know, if you’re white and middle class in this country and you feel like your property tax bill is off in a way that doesn’t benefit you, your experience with government has probably been ‘oh, if I appeal or either that there's probably a process by which i can go get that wrong righted and i'll be given a fair shake at that,’” said Chris Hoene, with the California Budget and Policy Center.Hoene said Black Americans overall have had a far different experience with government, and the idea a Black homeowner would go and appeal and be treated fairly is not something they would consider.Hoene suggests creating systems that are less dependent on showing up in person to make their case, possibly allow appeals through an online system.The economists who looked at the nationwide data suggest assessors to look at zip code level home price indexes to reduce overtaxation. They said doing that could reduce the total inequality in property tax assessments up to 70 percent. 1807

WASHINGTON (AP) — The Supreme Court has ruled unanimously that states can require presidential electors to back their states’ popular vote winner in the Electoral College.The ruling, just under four months before the 2020 election, leaves in place laws in 32 states and the District of Columbia that bind electors to vote for the popular-vote winner, and electors almost always do so anyway.So-called faithless electors have not been critical to the outcome of a presidential election, but that could change in a race decided by just a few electoral votes. It takes 270 electoral votes to win the presidency.A state may instruct “electors that they have no ground for reversing the vote of millions of its citizens,” Justice Elena Kagan wrote in her majority opinion.The lawyer for the electors who challenged the state rules told The Associated Press that he’s glad the court acted now.“Obviously, we don’t believe the Court has interpreted the Constitution correctly. But we are happy that we have achieved our primary objective — this uncertainty has been removed. That is progress,” lawyer Lawrence Lessig said. 1123