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On March 17, President Joe Biden stated that the banking crisis had calmed down, [113] while the New York Times said that the March banking crisis was hanging over the economy and had rekindled fear of recession as business borrowing would become more difficult as many regional and community banks would have to reduce lending. [114] [115]
The economic impact and mass unemployment caused by the COVID-19 pandemic raised fears of a mass eviction crisis, with an analysis by the Aspen Institute indicating between 19 and 23 million, or 1 in 5 renters, were at risk for eviction by the end of September 2020. [29]
The US economy is entering a bold new era that economists say will ... in response to the destruction caused by the financial crisis, cut its benchmark interest rate to 0% — the first time the ...
In his dissent to the majority report of the Financial Crisis Inquiry Commission, conservative American Enterprise Institute fellow Peter J. Wallison [273] stated his belief that the roots of the financial crisis can be traced directly and primarily to affordable housing policies initiated by the United States Department of Housing and Urban ...
Americans across the political spectrum can agree on this: Rent is expensive, and buying a home can feel nearly impossible. America’s housing affordability crisis has a number of origins, but it ...
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 ...
Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in just 3 months America has added $2.1 trillion to its tab Eleanor Pringle June 21, 2024 at ...
The Philippines reported that its GDP contracted by 9.5% in 2020, its worst contraction since World War II. The last full-year contraction in the country was in 1998 amidst the Asian financial crisis where its GDP grew by −0.5%. The 2020 contraction was also worse than the 7% contraction in 1984. [389]