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US officials more optimistic on stimulus, timing unclear

WASHINGTON (AFP) Nancy Pelosi (AP Photo/J. Scott Applewhite) Chances for approving a new spending package to support the US economy improved dramatically on Tuesday after the senior Democratic lawmaker said a bill is in the works and the top Senate Republican said he would bring it to a vote. Both sides

US unemployment rate drops to 8.4 percent but recovery slows

WASHINGTON, (AFP) The US economy added 1.4 million jobs in August and the unemployment rate fell to 8.4 percent as the country emerged from pandemic lockdowns, but the data shows the recovery is losing steam. The drop in the unemployment rate from 10.2 percent in July as reported by the Labor