Economy
WASHINGTON — As projections of the coronavirus death toll soar, forecasts for the ensuing economic carnage have also quickly turned much darker – both for the depth and duration of the damage. Where only days ago, economists were following President... Read More
WASHINGTON — Janet Yellen, the former chairwoman of the Federal Reserve, warned Monday that the longer the economy is locked down, the worse the recession will be. But she added she was encouraged by the actions of the Fed and... Read More
WASHINGTON - Attorneys general nationwide are joining in urging companies that sell online to stop price-gougers trying to take advantage of consumers during the coronavirus pandemic. They are selling hand sanitizers, aerosol spray disinfectants, surgical masks and other devices designed to prevent... Read More
WASHINGTON - The Treasury Department provided some guidance Monday night on how it will award grants and loans to airlines affected by the coronavirus outbreak, urging them to apply for "payroll support" by Friday. The department said the resources it... Read More
WASHINGTON - Even before Congress had passed the third economic stimulus package of the coronavirus era on Friday, talk had turned to what should be included in a currently hypothetical, but no less likely, fourth stimulus bill. Among the welcome... Read More
WASHINGTON - Presidential Donald Trump announced Sunday that federal social distancing guidelines that were set to expire March 30 will be extended another month, this after aggressive lobbying by his coronavirus task force. In recent days President Trump has repeatedly... Read More
WASHINGTON - The U.S. House of Representatives passed a $2.2 trillion economic stimulus package in what had to be record time on Friday, speedily sending the bill on to the White House for the president's signature. “This will deliver urgently... Read More
WASHINGTON - Although it barely caused a ripple given the understandable focus on the worldwide coronavirus outbreak, a historic new chapter in North American commerce began two weeks ago Friday, when Canada became the third and final country to ratify... Read More
WASHINGTON — Even in the darkest hours of 2008, when the nation teetered on the edge of a second Great Depression, Congress never passed anything close to the economic stimulus plan scheduled for final approval Friday. The Senate’s roughly $2-trillion... Read More
WASHINGTON - U.S. unemployment claims reached a historic high of 3.28 million last week due to a wave of layoffs and business closures stemming from the coronavirus outbreak, the Labor Department reported Thursday. The figure shattered the previous record of... Read More
WASHINGTON (AP) — The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic. The unanimous vote Wednesday came despite misgivings on both sides about whether it goes too far... Read More
WASHINGTON — President Donald Trump and some of the nation’s most prominent governors plunged into heated debate Tuesday over how much death they’re willing to risk in order to get the economy running again during the coronavirus pandemic. Public health... Read More
