In the wake of the last recession, government spending dried up, dragging out the recovery. Policymakers warn against letting it happen again.
Optimism about Apple’s future profits won’t pay this month’s rent.
Those with budgets that rely heavily on tourism, sales taxes or direct state assistance will face particular distress.
For 40 years, both the left and the right have been unnecessarily obsessed with deficits, to the detriment of the well-being of citizens.
Millions of unemployed Americans face imminent catastrophe.
A powerful rally during drastically deteriorating economic conditions has left the market richly valued and facing great uncertainty.
Early hopes for a quick rebound from the pandemic have yielded to worries about its long-term impact on state finances and the governor’s ambitious agenda.
While the national jobless rate has rebounded as many states started to reopen, New Yorkers continue to lose jobs and seek benefits.
The United States, with its readiness to fire and hire, normally bounces back faster after a recession. This time, though, Europe’s model may be better.
Many of the gains came in restaurant work as 2.5 million jobs were added in May and the unemployment rate fell to 13.3 percent.
Mr. Trump has presented himself as someone who seeks conflict, not conciliation, a fighter, not a peacemaker. And he has lived up to his self-image at an inopportune time.
California’s strengths — as a hub for commerce, tourism and education in the Pacific Rim — have become liabilities in the pandemic.