Economy

White House, Congress Agree on $2 Trillion Virus Rescue Bill
Political News
White House, Congress Agree on $2 Trillion Virus Rescue Bill

WASHINGTON (AP) — The White House and Senate leaders of both major political parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently... Read More

Deal Reached on $2 Trillion Coronavirus Stimulus Bill — Largest by far in US History
Congress
Deal Reached on $2 Trillion Coronavirus Stimulus Bill — Largest by far in US History

WASHINGTON — After haggling for days over the final details, Senate Democrats and the White House agreed Tuesday to a nearly $2 trillion stimulus package to combat the economic fallout of the coronavirus outbreak, including direct payments to most Americans... Read More

Senate Partisanship Boils Over as Stimulus Talks Stall
Political News
Senate Partisanship Boils Over as Stimulus Talks Stall

WASHINGTON — Senate Republicans and Democrats grew visibly angry and emotional on the Senate floor Monday as negotiations over a financial rescue package appeared to stall, even as Senate Minority Leader Charles E. Schumer, D-N.Y., said he and Treasury Secretary... Read More

Frustrated by Economic Damage, Trump Says He May Ease Restrictions
Political News
Frustrated by Economic Damage, Trump Says He May Ease Restrictions

WASHINGTON — President Donald Trump, desperate to turn around the cratering economy, indicated Monday that he is likely to ease within weeks extreme restrictions on commerce that were intended to stem the deadly coronavirus pandemic, resisting advice from public health... Read More

Fed Unleashes Unprecedented Measures to Shore Up Reeling Economy
Economy
Fed Unleashes Unprecedented Measures to Shore Up Reeling Economy

The Federal Reserve, racing again to contain mounting economic and financial-market fallout from the coronavirus, unveiled a sweeping series of measures that pushed the 106-year old central bank deeper into uncharted territory. In a surprise announcement Monday before markets opened... Read More

FCC Expands Telecoms' Spectrum Access to Bolster Wireless Capacity During Pandemic
Telecom
FCC Expands Telecoms' Spectrum Access to Bolster Wireless Capacity During Pandemic
2020-03-24 13:00:32
by Dan McCue

WASHINGTON - The Federal Communications Commission's Wireless Telecommunications Bureau has granted requests from AT&T and Verizon to use additional spectrum to help meet escalating wireless demand during the coronavirus outbreak. AT&T has been granted authority to operate in the AWS-4... Read More

DC, Virginia, Maryland Shutter Schools, Close 'Nonessential' Businesses
State News
DC, Virginia, Maryland Shutter Schools, Close 'Nonessential' Businesses
2020-03-24 12:54:42
by Dan McCue

WASHINGTON -- All K-12 schools in Virginia will remain closed "at least" for the remainder of the current academic year, and all restaurants must end dine-in service, Gov. Ralph Northam announced Monday. Northam announced the new measures as the number... Read More

McMaster Latest Governor to Allow 'To-Go' Liquor Sales
State News
McMaster Latest Governor to Allow 'To-Go' Liquor Sales
2020-03-23 17:10:26
by Dan McCue

South Carolina Gov. Henry McMaster on Saturday directed the state's Department of Revenue to waive regulations and allow restaurants to include sealed containers of beer and wine for curbside pickup or to-go orders. The move came just days after McMaster... Read More

First Post-USMCA Challenge: COVID-19 Border Closures
Trade
First Post-USMCA Challenge: COVID-19 Border Closures
2020-03-20 16:50:32
by Dan McCue

WASHINGTON - The Canada-U.S. border will close to all non-essential travel in both directions Friday night, and officials are set to impose similar restrictions at the U.S. border with Mexico later today. It was only two months ago President Donald... Read More

Coronavirus Stimulus Plan Could Deliver $3K to Family of Four
Economy
Coronavirus Stimulus Plan Could Deliver $3K to Family of Four

The emerging $1 trillion aid package intended to help weather the COVID-19 economic storm appears likely to deliver $1,000 to every U.S. adult, plus $500 per child, according to Treasury Secretary Mnuchin and a GOP senator involved in the drafting.... Read More

White House, Senators to Negotiate $1T Economic Rescue Deal
Economy
White House, Senators to Negotiate $1T Economic Rescue Deal

WASHINGTON (AP) — Members of President Donald Trump's economic team convene Friday on Capitol Hill to launch negotiations with Senate Republicans and Democrats racing to draft a $1 trillion-plus economic rescue package amid the coronavirus outbreak. It's the biggest effort yet... Read More

Hoyer Says Jump in Unemployment Claims Is a Further Call to Action in Virus Fight
Economy
Hoyer Says Jump in Unemployment Claims Is a Further Call to Action in Virus Fight
2020-03-19 20:49:14
by Dan McCue

WASHINGTON - The number of Americans filing new claims for unemployment benefits surged to its highest level in more than two years last week, causing House Majority Leader Steny Hoyer to vow the government will do "everything necessary" to help... Read More

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