Congress is spending trillions of dollars trying to rescue the US economy and support workers and businesses. Can America afford it? 'No sweat,' according to modern monetary theory.
All universities face job losses. But the impacts of these job losses are greatest for regional communities.
The $600 federal jobless benefit may be generous, but that doesn't mean is isn't what workers and the US economy need.
The inner suburbs are home to large numbers of workers in jobs vulnerable to the pandemic. If they're forced to seek cheaper housing in outer suburbs, the urban divide will widen.
Many Americans had trouble paying their energy bills before COVID-19, and the current recession is making the problem worse.
Western Sydney's growth-driven boom had ended before COVID-19 hit. Some neighbourhood unemployment rates were 2-3 times the metropolitan average, with female workforce participation as low as 43%.
US stocks have nearly erased much of their coronavirus losses even as many Americans continue to suffer from the pandemic's impact.
The Fed is spending up to US$2.3 trillion to help save the U.S. economy from the coronavirus recession. But where does all that money come from?