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GDP Layoffs

Robins Kaplan LLP

Financial Daily Dose 10.30.2020 | Top Story: U.S. GDP Roars Back in Q3 But Dramatically Lags Pre-Pandemic Levels

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Breaking down Thursday’s GDP report, which—as expected—was gangbusters in isolation but in context shows U.S. economic output “3.5 percent below where it was in the last pre-pandemic quarter, equivalent to a severe recession...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 19

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In Washington: House Speaker Nancy Pelosi (D-CA) in a Thursday morning letter to Treasury Secretary Steven Mnuchin pressed the White House for a response to the Democrats' latest coronavirus relief package proposal....more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – September # 18

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In Washington: House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin were unable to come to an agreement on a coronavirus relief deal after meeting Wednesday afternoon. The Speaker says the House will...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – September 2020 #2

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In Washington - With no deal between Democrats and the Trump Administration in sight, It’s appearing more likely that Congress might package additional coronavirus relief with the 12 must-pass appropriations bills before...more

Robins Kaplan LLP

Financial Daily Dose 9.3.2020 | Top Story: CBO Projects U.S. Nat’l Debt Will Nearly Eclipse GDP for First Time Since WWII

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New figures from the Congressional Budget Office predict that U.S. government debt will, thanks to the pandemic recession, just about eclipse the size of the nation’s GDP—a level not reached since just after World War II....more

Robins Kaplan LLP

Financial Daily Dose 8.3.2020 | Top Story: Microsoft in Talks to Acquire ByteDance’s U.S. TikTok Operations

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Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being...more

Robins Kaplan LLP

Financial Daily Dose 4.30.2020 | Top Story: Fed Holds Rates Near Zero, Pledges to Use All of its Tools to Protect US Economy

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The Fed closed out its April Open Markets Committee by holding rates steady at nearly zero but also pledging to “use its ‘full range of tools’ to insulate the economy as coronavirus lockdowns sap economic growth and throw...more

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