{"id":30218,"date":"2020-10-02T16:15:30","date_gmt":"2020-10-02T20:15:30","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=30218"},"modified":"2020-10-02T16:15:30","modified_gmt":"2020-10-02T20:15:30","slug":"this-is-very-bad-news-for-the-economy","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=30218","title":{"rendered":"This is very bad news for the economy!"},"content":{"rendered":"<h1>American Airlines to Begin Furloughing 19,000 Workers After Pelosi Fails to Agree to Deal with Mnuchin<\/h1>\n<p><!--more--><div id=\"attachment_30219\" style=\"width: 650px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-30219\" src=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/10\/Nancy-Pelosi-fingers-through-hair-getty-640x480-1.jpg\" alt=\"\" width=\"640\" height=\"480\" class=\"size-full wp-image-30219\" srcset=\"https:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/10\/Nancy-Pelosi-fingers-through-hair-getty-640x480-1.jpg 640w, https:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/10\/Nancy-Pelosi-fingers-through-hair-getty-640x480-1-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><p id=\"caption-attachment-30219\" class=\"wp-caption-text\">Justin Sullivan\/Getty Images<\/p><\/div><\/p>\n<p>by JOHN CARNEY<br \/>\nbreitbart.com<\/p>\n<h3 class=\"subheading\">American Airlines said it will begin furloughing 19,000 workers after lawmakers and the White House can\u2019t agree on a coronavirus relief deal.<\/h3>\n<p>The major airlines have held off on layoffs and mass furloughs under the terms of a $25 billion payroll support program Congress passed in March. The deal was aimed at helping the airlines cope with shutdowns, quarantines, and a crash in bookings, but at the time it was passed, lawmakers believed demand for air travel would recover in a few months.<\/p>\n<p>The March legislation\u2019s ban on cutting jobs expires October 1. Demand for air travel has recovered a bit since the depths of March and April, but passenger volume remains 70 percent below pre-pandemic levels.<\/p>\n<p>Airline executives say they simply cannot avoid eliminating jobs and furloughing employees without a new round of relief from Congress.<\/p>\n<p>American Airlines Chief Executive Doug Parker said in a letter to employees that he stood ready to reverse the furloughs if lawmakers reach a deal, according to Reuters.<\/p>\n<p>U.S. Treasury Secretary Steven Mnuchin said on Fox News on Thursday that talks with House Speaker Nancy Pelosi had made progress, but no deal has been reached. Democrats have resisted reaching a deal with Republicans, with some Democratic politicians and strategists worried that any deal to boost the economy might help Trump\u2019s re-election efforts. Some liberal activists oppose any deals with the Trump administration under any circumstances.<\/p>\n<p>Majority Leader Mitch McConnell called a proposed $2.2 trillion coronavirus relief\u00a0 package from the Democrats \u201coutlandish.\u201d<\/p>\n<p>President Trump has told Capitol Hill Republicans that he would prefer a bill that spent more than the earlier Republican proposal that was rejected by Democrats to no deal at all.<\/p>\n<p>Airlines spent the last several months furiously lobbying lawmakers for a second round of $25 billion of payroll support that would avoid job cuts until the end of March.<\/p>\n<p>United has said it will eliminate more than 13,000 jobs if there is no deal.<\/p>\n<p><strong><em>\u2013The Associated Press contributed to this report.<\/em><\/strong><\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.breitbart.com\/economy\/2020\/09\/30\/american-airlines-to-begin-furloughing-19000-workers-after-pelosi-fails-to-agree-to-deal-with-mnuchin\/\">https:\/\/www.breitbart.com\/economy\/2020\/09\/30\/american-airlines-to-begin-furloughing-19000-workers-after-pelosi-fails-to-agree-to-deal-with-mnuchin\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Airlines to Begin Furloughing 19,000 Workers After Pelosi Fails to Agree to Deal with Mnuchin<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30218","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/30218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30218"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/30218\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}