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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 President Donald Trump and Vice President Mike Pence prepared to gather for their weekly lunch in August 2017, the President told his staff to add two more plates.Both men had just welcomed new chiefs of staff -- retired Marine Corps Gen. John Kelly and Nick Ayers, a 34-year-old Republican political consultant from Georgia -- and Trump decided to wave the pair into his private dining room off the Oval Office.Until then, a Cabinet member would occasionally join them, but the meals were largely a chance for Trump and Pence to spend time together alone, chatting about politics, policy and whatever popped into Trump's mind -- sometimes prompted by the television in the room tuned to Fox News.But in August 2017, the lunch went from a regular tête-à-tête to a four-man affair, one that became a more formal opportunity for the two offices to coordinate on strategy, policy and scheduling. For Ayers, Pence's new chief of staff, they were useful in another, perhaps more important way: he now had regular face-time with the President. With each passing lunch, Trump grew to know and like Ayers more, two sources close to the President said, allowing Ayers to build a strong personal rapport that could end up paying dividends.As the President considers replacing his chief of staff, Ayers has emerged as a top contender, multiple people familiar with the situation told CNN. Interviews with nearly two dozen current and former White House officials, former Ayers colleagues, sources close to the President and Republican congressional staffers portray an ambitious aide who has worked to insulate his current boss from the chaos of the West Wing, while also angling for a bigger job that would place him squarely in the middle of it.Trump has begun to envy the smoothly operating vice president's office, which Ayers has managed to keep distanced from the daily scrum and scandal of the White House. Ayers has cultivated key allies, including Ivanka Trump and Jared Kushner. He also boasts an impressive track record in Republican politics that could serve the President well in the run-up to his 2020 re-election.But Ayers' meteoric rise has also earned him his fair share of critics, including a few inside the White House. While plans were floated earlier this month for Ayers to become the new chief of staff, multiple sources told CNN, they have stalled amid the President's reluctance to fire Kelly -- who typically does the firing for Trump -- and the backbiting Ayers has faced from some of his West Wing colleagues.Several of Trump's top advisers have voiced concerns to him about Ayers, with some threatening to quit if he is tapped for the job. One of Ayers' top West Wing detractors during the process has been Kellyanne Conway, the combative counselor to the President who vehemently opposed Ayers' hire as Pence's chief of staff last year, two former White House officials and a source familiar with the matter said.Conway disputes those allegations, telling CNN: "I have zero beef with Nick Ayers."Outside the White House, former colleagues of Ayers say his relative youth and outsized ego -- conspicuous even in a world known for naked ambition and self-aggrandizement -- have rubbed fellow political operatives the wrong way. His allies say that people are just jealous or insecure."I think every job he's ever had he's been one of the youngest people to ever have it. And I think that's threatening to some people," said Alex Conant, who worked with Ayers on former Minnesota Gov. Tim Pawlenty's 2012 presidential campaign.Though he's only 36, Ayers has amassed a small fortune that, according to recent financial disclosures, is between million to million. That's been built up through financial investments, fees generated by his own political consulting firm and his former role as a principal in an ad-buying firm called Target Enterprises, which has served as the media buyer on nearly every race Ayers has worked on since he joined in 2011.The arrangement allowed Ayers to earn a consultant's salary while also influencing campaign spending in a way that benefited him financially, a practice that is not illegal but has raised consternation among fellow consultants. A source familiar with the matter insisted all of the candidates Ayers has serviced were aware of the financial arrangement behind his consulting.Still, his finances and involvement with political dark money groups could become political baggage down the road. One of them, Freedom Frontier, for whom he consulted, is the subject of two recent ethics complaints, the most recent of which was filed with the IRS on Tuesday. That complaint, filed by Citizens for Responsibility and Ethics in Washington, contends the group's political spending exceeded legal limits in violation of campaign finance laws.Efforts to reach officials with Freedom Frontier for comment were unsuccessful.  4901

BALTIMORE — Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale. Sales of existing homes rose last month to a seasonally adjusted annual rate of 4.72 million, the National Association of Realtors said. Their data showed all four regions of the country saw growth, with the west experiencing a larger increase. The data included single-family homes, townhomes, condominiums and co-ops. Despite the sharp monthly gain, purchases are still down 11.3% from a year ago, when homes had sold at an annual pace of 5.32 million.Inventory remains an issues, according to the National Association of Realtors (NAR). A low number of available homes was an issue before the pandemic. Total inventory is down 18.2 percent from a year ago, according to the data. The low supply and increasing demand could cause a spike in the price of homes.“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply," said Lawrence Yun, NAR’s chief economist.The median price for exisiting-home sales in June was 3.5 percent higher than a year ago. This is an ongoing trend, NAR says the median price has increased each of the last 100 months. 1428

At a time when people across the country are calling to defund the police, or outright abolish them, convincing others to make a career in law enforcement could be a tough sell.For Cameron Mosher, however, the decision to put on the badge for a living is an easy one.“For me, it’s always been an urge to serve my community,” he said.Mosher is training to be a deputy sheriff at the Orange County Sheriff’s Regional Training Academy in Southern California.“I want to try to be that positive change in law enforcement to try to help and move forward with this career,” he said.Moving forward and maintaining order as the country deals with a pandemic and social unrest.“I have a brother in St. Louis, Missouri, not too far from Ferguson, and we’ve had some interesting debates over the last five or so years,” said Lt. Joses Walehwa, who is helping train a new group of recruits at the Orange County Sheriff’s Regional Training Academy.Walehwa says his team is preparing the next generation of law enforcement officer for much more than traffic stops and arrests.“As an African American, or really any minority group here in America, has a unique perspective when it comes to just their lived experience growing up,” he said. “I think for me, the biggest impact is bridging the gap. You know, bridging this issue of us versus them.”Walehwa says another huge impact when it comes to recruiting is the economy.“When the economy starts to dip, you see that people start to look for stable jobs,” he said. “Law enforcement and public sector and jobs like ours become a little bit more appealing because people see the stability of the job.”A job where despite a pension and a mean annual wage of more ,600 (Bureau of Labor Statistics), there’s still a major need for more sheriff’s deputies across the country.A recent report from the Police Executive Research Forum shows 36% of respondents said the number of applicants at their agency has “decreased significantly.”For recruits like Mosher, however, working in law enforcement means much more than money. It’s about building trust in his community while also addressing new challenges and raising the standards of law enforcement officers.“We see definitely a lot of people who are not necessarily supportive of law enforcement right now,” he said. “But in the end, that’s totally OK, because we’re here to support everyone. We’re going to protect everyone equally.” 2424

At least 10 people have died after flash flooding hit the Aude region of southern France, local officials said Monday.Roads were cut off and cars overturned after three months' worth of rain fell in six hours overnight Sunday into Monday, causing rivers to flood.An 88-year-old nun was killed after water swept through a nunnery in Villardonnel, while four people died overnight in nearby Villegailhenc.The death toll was lowered by the Ministry of the Interior, after initially being placed at 13. Another person is missing and five are seriously injured, officials said.Seven hundred firemen and seven helicopters have been mobilized in response to the flooding, which has reached unprecedented levels in the Aude valley, according to France's flooding watchdog, Vigicrues. 783