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World 15 Oct 2020 | 3:02 AM

U.S. treasury secretary signals comprehensive COVID-19 relief deal unlikely before election

WASHINGTON, Oct. 14 (Xinhua) -- It would be difficult for the White House and Democrats to reach a deal on a comprehensive COVID-19 relief package before the presidential election in November, U.S. Treasury Secretary Steven Mnuchin said Wednesday.

World 15 Oct 2020 | 1:49 AM

U.S. economy perhaps needs another year to return to pre-pandemic peak: Fed vice chairman

WASHINGTON, Oct. 14 (Xinhua) -- It will take perhaps another year for the U.S. gross domestic product (GDP) to get back to its pre-pandemic peak, Federal Reserve Vice Chairman Richard Clarida said Wednesday.

World 12 Oct 2020 | 4:13 AM

Pelosi says COVID-19 relief talks with White House remain at impasse

WASHINGTON, Oct. 11 (Xinhua) -- U.S. House Speaker Nancy Pelosi said on Sunday that negotiations with the White House over a new COVID-19 relief package remained at an impasse.

World 11 Oct 2020 | 4:09 AM

Pelosi says White House relief proposal insufficient to contain pandemic, meet families' needs

WASHINGTON, Oct. 10 (Xinhua) -- U.S. House Speaker Nancy Pelosi said on Saturday that the White House's new COVID-19 relief proposal is insufficient to contain the pandemic and meet families' needs.

World 10 Oct 2020 | 5:14 AM

U.S. stocks rise as Wall Street eyes stimulus

NEW YORK, Oct. 9 (Xinhua) -- U.S. stocks finished higher on Friday as Wall Street focused on updates concerning coronavirus stimulus.

World 10 Oct 2020 | 2:30 AM

Trump has approved revised COVID-19 relief package: White House official

WASHINGTON, Oct. 9 (Xinhua) -- U.S. President Donald Trump has approved a revised COVID-19 relief package in the negotiations with congressional Democrats, White House's National Economic Council Director Larry Kudlow said Friday.