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Elizabeth Warren accuses airlines and the Treasury Department of violating bailout terms as major airlines cut workers’ take-home pay
Sen. Elizabeth Warren asked Treasury Sec. Steven Mnuchin why airlines were being permitted to cut work hours despite terms in the bailout package.
Trump is using the coronavirus as a cover to bully the government’s watchdogs into submission. It’s shameful and dangerous.
Trump is using the fog of the coronavirus pandemic to wage an all-out assault on oversight, and signal to his base that he's infallible.
Fiscal relief can only drive so much of a recovery, Robert Kaplan said, noting that testing plays a critical role in lifting consumer confidence.
United’s CEO hints the airline could avoid layoffs if employees are willing to take huge cuts in their work hours instead
United Airlines CEO Scott Kirby said the airline would work with unions to agree to hours reductions as a way to avoid layoffs.
Nobel laureate Joseph Stiglitz sees prolonged double-digit US unemployment without further government aid
"We have a very weak labor market," Stiglitz told Bloomberg television in a Monday interview. He added that the US unemployment rate is moving to 25%.
Republicans will agree to another pandemic rescue package, but it may not look exactly like the House Democrats' $3 trillion relief package.
Many of the world’s airlines could be bankrupt by May because of the COVID-19 crisis, according to an aviation consultancy. These airlines have ...
Airlines have already folded or gone bankrupt thanks to the coronavirus pandemic, but that number could grow substantially.
A Florida airline could go under because the US Treasury Department held up its bailout money, a union leader says
Miami Air International, a Florida charter airline, is expected to liquidate due to the coronavirus this week. It applied for a bailout.
‘The worst is yet to come’: The Fed’s Kashkari issues a grim outlook for US jobs, and urges more assistance from Congress
"If this is a gradual recovery the way I think it's going to be, those folks are going to need more help," said Neel Kashkari.
The report showed just how quickly the coronavirus pandemic and the subsequent economic shutdowns decimated the US labor market.