The House passed a $2 trillion economic relief plan on Friday aimed at fighting financial strain caused by the COVID-19 pandemic. Included in the massive stimulus package that’s now likely to become law is a $1,200 check for Americans with annual incomes up to...
Economy
back to archiveWill Trump’s economic stimulus work? It hasn’t so far.
With economists warning that the U.S. is already in a recession, the Trump administration is scrambling to find a way to stimulate the economy. During a recession, the federal government has two ways to boost the economy. The first is monetary policy, which involves...
Rep. Al Green sounds like he wants jail time for Wells Fargo CEOs
Rep. Al Green of Houston did not mince words with banking giant Wells Fargo on the House floor on Wednesday. In a hearing grilling former Wells Fargo executives for the bank’s massive account fraud scandal, Green questioned why no one from Wells Fargo had gone to jail...
Trump’s economy is unraveling. Will Texan voters punish him?
On Tuesday, the stock market had yet another finicky day after the Dow Jones went through a historic 2,000 point drop on Monday. The “Trump Slump” is being fueled by fears of the coronavirus, the price war between Russia and Saudi Arabia, and the fact that Trump’s...
Trump says he opened a plant in Austin. But Apple opened it – years ago.
On Wednesday, amid the dark cloud of an impeachment investigation, President Trump visited Austin to meet with Apple CEO Tim Cook. He was there, he said, to open a new Apple plant—all by himself. https://twitter.com/realdonaldtrump/status/1197293250115014656?s=21 Not...
Rising income inequality in Texas is out of control
The News Newly released Census figures show the gap between the rich and poor in Texas continues to grow. The Lone Star State was one of nine states to see an uptick in income inequality between 2017 and 2018, continuing an almost 40-year trend in the U.S. of wealth...
More than 4,000 Texas autoworkers join nationwide strike
Thousands of Texas autoworkers are participating in a nationwide United Automobile Workers strike, the labor union confirmed with the Signal. More than 4,000 workers at three Dallas area facilities – two in Arlington and one in Roanoke – are joining nearly 50,000...
Trump’s economic policy makes Texas farmers nervous
President Trump’s ongoing trade war with China has Wall Street on edge and has sent the Dow on a roller coaster over the past month. And farmers across the U.S., and especially in Texas, are feeling the impact of the president’s economic policy toward China. So...
Rep. Henry Cuellar says Green New Deal would ‘kill jobs’ in Texas
On Thursday, Rep. Henry Cuellar criticized the Green New Deal after presidential hopeful Bernie Sanders released his version of a climate deal. “The Green New Deal would kill jobs for hard-working Texans,” Cuellar wrote on Twitter. “In Webb County alone, 8,000 people...