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Record economic plunge, bleak jobs numbers reveal virus toll

The US economy shrank at a record-breaking 32.9% rate in the second quarter of this year as Americans sheltered at home during the coronavirus pandemic and slashed personal spending, the Commerce Department said Thursday.

June home construction jumps 17.3% when states reopened

Construction of U.S. homes jumped 17.3% in June as some states opened back up, but still lags behind last year’s pace after this spring’s massive slowdown in building activity due to the coronavirus outbreak.

US budget deficit hits all-time high of $864 billion in June

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.

Gov. Cooper vetoes second bill that would have reopened gyms, bars

Governor Roy Cooper has vetoed a bill that would have temporarily allowed fitness clubs, gyms, and bars to reopen.

City Council discusses proposal to close downtown streets, add outdoor dining

Wilmington City Council learned more about a proposal to close streets in Downtown Wilmington to accommodate outdoor dining while restrictions are in place due to the coronavirus pandemic.
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Unemployment in the US falls to 13.3%, confounding forecasters

Unemployment around the U.S. declined slightly in May, falling to 13.3% as the economy showed signs of recovering from the impact of nationwide shutdowns caused by the coronavirus.

Tourism industry leaders have meeting, discussing COVID-19 impacts

It's a whole new world for business owners as they face an uncertain future in the face of COVID-19.

Bill earmarks $300M more COVID-19 funds for N.C. government

North Carolina legislators want to make available another $300 million in federal COVID-19 relief funds to Gov. Roy Cooper’s administration to cover additional government expenses incurred due to the virus.
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CBO: Coronavirus pandemic could haunt economy until 2029

The epic economic swoon that has followed the coronavirus pandemic could haunt the U.S. for as long as a decade, with the Congressional Budget Office pegging the cost at nearly $16 trillion by 2029.

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