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U.S. budget deficit hits all-time high of $864 billion in June

20 days ago   |   By CNBC

The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
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Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth

Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth

21 days ago   |   By NPR

The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion - more than in an entire typical year. (Image credit: Olivier Douliery/AFP via Getty Images)
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Chicago implements task force to crack down on large parties, gatherings

Chicago implements task force to crack down on large parties, gatherings

CHICAGO - The city has implemented a new task force to crack down on large parties and gatherings. It's operated by the Department of Business Affairs and Consumer Protections... Read more ...

Facebook closes on massive NYC office expansion

Facebook closes on massive NYC office expansion

The biggest lease of the year is done - and it's momentous good news for a limping office-leasing market in a city beleaguered by the coronavirus. Facebook on Monday closed on... Read more ...

Religious Groups Received $6-10 Billion In COVID-19 Relief Funds, Hope For More

Religious Groups Received $6-10 Billion In COVID-19 Relief Funds, Hope For More

More than 400 evangelical churches and ministries each received forgivable loans worth at least $1 million. Read more ...

Microsoft's next big policy battle could be over its ties to China, as a GOP...

Microsoft's next big policy battle could be over its ties to China, as a GOP adviser calls on the tech titan to divest its Chinese holdings amid TikTok talks

Microsoft confirmed the company is exploring a deal to buy TikTok's operations in several countries including the US. President Donald Trump has threatened to ban the app over... Read more ...

Facebook just inked a blockbuster deal to lease the massive Farley Building...

Facebook just inked a blockbuster deal to lease the massive Farley Building in NYC in a move that offers a vote of confidence for a shaken office market

Facebook has completed a lease to take all of the office space in the Farley building on Manhattan's West Side. The deal signifies a major vote of confidence in New York City's... Read more ...

Microsoft Consults With Trump About Ongoing Talks To Buy TikTok From Chinese...

Microsoft Consults With Trump About Ongoing Talks To Buy TikTok From Chinese Firm

In its first public acknowledgement of a deal that could be worth in the billions of dollars, Microsoft said it is continuing talks with TikTok about a potential takeover of... Read more ...

Men's Wearhouse and Jos. A. Bank parent is planning to close 100 stores...

Men's Wearhouse and Jos. A. Bank parent is planning to close 100 stores imminently in bankruptcy. See if your local store is on the list

Tailored Brands could close up to 500 stores as it restructures in bankruptcy. The company owns Men's Wearhouse, Jos. A. Bank, Moores, and K&G Fashion Superstore. In a court... Read more ...

The Maryland county where Barron Trump attends school ordered private...

The Maryland county where Barron Trump attends school ordered private schools to stay closed until October, but the governor overrode the decision

Maryland Gov. Larry Hogan on Monday issued an emergency order to block the county where Barron Trump goes to school from banning private schools from opening for in-person... Read more ...

A new ETF will let investors participate in the stock market's $22 billion...

A new ETF will let investors participate in the stock market's $22 billion SPAC craze

Investors may soon be able to access the growing hype around SPAC offerings with the launch of a new exchange-traded fund. The Defiance NextGen SPAC IPO ETF plans to be the... Read more ...

Kodak will issue 30 million shares for convertible-bond holders following...

Kodak will issue 30 million shares for convertible-bond holders following last week's 940% rally

Kodak said it would issue 30 million shares to holders of its convertible bonds, according to an 8-K filed with the SEC on Monday. The move is a signal that its debtholders are... Read more ...