Latest Economic stimulus News

State urges fishing industry to apply for $24M in virus aid

Jul. 21, 2021 08:55 AM EDT

BOSTON (AP) — Massachusetts' fishing industry is being urged to apply for nearly $24 million in federal coronavirus relief funds. Gov. Charlie Baker's administration said Tuesday that commercial fishermen, shellfish farmers and seafood processors, and for-hire...

State using $186M of COVID funds for health care, workforce

Jul. 19, 2021 16:08 PM EDT

BOSTON (AP) — Massachusetts will use $186 million in federal aid for the coronavirus pandemic to help struggling hospitals, bolster the local health care workforce and invest in workforce training efforts, Republican Gov. Charlie Baker announced Monday. The governor...

Parson: State will 'probably' help fund COVID overflow site

Jul. 16, 2021 17:49 PM EDT

SPRINGFIELD, Mo. (AP) — Missouri Gov. Mike Parson said the state will “probably” provide funding for a site to help handle the overflow of COVID-19 patients in Springfield, where hospitals are struggling to keep up with a surge driven by the delta variant and vaccination hesitation. ...

Northam outlines 1st proposal for part of federal aid money

Jul. 12, 2021 17:24 PM EDT

RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is calling for $353 million from the latest federal coronavirus relief bill to go toward boosting economic recovery efforts for small businesses and industries that took a hit during the pandemic. Northam outlined the...

May consumer spending flat; incomes fall and prices jump

Jun. 25, 2021 11:51 AM EDT

WASHINGTON (AP) — Consumer spending was flat in May with incomes dropping for a second month as the impact of the government's pandemic stimulus payments waned. Inflation, however, posted a sizable gain with prices excluding food and energy jumping by the largest amount in nearly three...

About $140 million in stimulus money targeted for tourism

Jun. 24, 2021 12:31 PM EDT

MADISON, Wis. (AP) — Wisconsin's tourism and entertainment businesses, hit hard by the coronavirus pandemic, are getting some financial help to recover. Gov. Tony Evers said Thursday more than $140 million in federal grant money will be available for the lodging...

Asia stocks rise after Fed chair says US inflation temporary

Jun. 22, 2021 23:36 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after the Federal Reserve chairman said higher U.S. inflation probably is temporary, helping to calm fears central bankers might feel pressure to roll back economic stimulus. Market benchmarks...

Merkel's bloc pledges stability, renewal to German voters

Jun. 21, 2021 10:55 AM EDT

BERLIN (AP) — Germany’s center-right bloc is pledging to boost the economy without raising taxes and make the country “climate neutral” by 2045 while still preserving industrial jobs. The promises were part of its platform released Monday for the September election that will determine...

Laconia Motorcycle Week is about to draw to a close

Jun. 19, 2021 12:42 PM EDT

LACONIA, N.H. (AP) — The 98th annual Laconia Motorcycle Week is wrapping up this weekend, and many business owners are grateful for the economic boost. Event organizers and local officials said Motorcycle Week was the busiest in years — and far busier than the event...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Jun. 16, 2021 23:19 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously...