Mnuchin Says Trump is Pleased with How Recovery is Progressing
Economy
Mnuchin Says Trump is Pleased with How Recovery is Progressing

WASHINGTON — President Donald Trump “couldn’t be more pleased” with how the recovery is progressing but wants more stimulus to move ahead, said U.S. Treasury Secretary Steven Mnuchin, who called on Congress to pass a “targeted” bill. Third-quarter growth will... Read More

Treasury Secretary, Fed Chairman Split on Urgency of Congressional Relief Action
Economy
Treasury Secretary, Fed Chairman Split on Urgency of Congressional Relief Action

WASHINGTON — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell have worked hand in hand to soften the economic devastation wrought by COVID-19, but they don’t appear to see eye to eye on the potential for a quick... Read More

Small Business Loan Program Restarts, Runs Into Snags
Economy
Small Business Loan Program Restarts, Runs Into Snags

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday that they couldn't get their applications into the SBA... Read More

Trump Removes Watchdog Expected to Oversee $2 Trillion Virus Relief Fund
Political News
Trump Removes Watchdog Expected to Oversee $2 Trillion Virus Relief Fund
2020-04-07 20:48:33
by Dan McCue

WASHINGTON — President Donald Trump on Tuesday summarily removed the inspector general who was tapped to chair a special oversight board of the $2.2 trillion economic package intended to help businesses and individuals affected by the coronavirus. Glenn Fine, the... Read More

House Passes $2.2 Trillion Economic Stimulus Package, Trump Quickly Signs It
Congress
House Passes $2.2 Trillion Economic Stimulus Package, Trump Quickly Signs It
2020-03-27 20:05:37
by Dan McCue

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

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

Blue Dogs Call for End to Partisan Games With Economic Rescue Legislation
Congress
Blue Dogs Call for End to Partisan Games With Economic Rescue Legislation
2020-03-24 23:18:50
by Dan McCue

WASHINGTON - With the latest economic stimulus bill stalled on Capitol Hill since Sunday, both the Blue Dogs and New Democrat coalitions in the House are calling for an end to the partisanship that is preventing the roughly $2 trillion... 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

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

White House Seeks $1 Trillion Economic Stimulus, Including Payouts to Americans
Economy
White House Seeks $1 Trillion Economic Stimulus, Including Payouts to Americans

WASHINGTON — The Trump administration on Tuesday proposed a $1 trillion economic stimulus package to counter the effects of the coronavirus, including relief for small businesses and the airline industry, and sizable checks for Americans in the next two weeks.... Read More

Congress Begins Work on Third Economic Stimulus Bill for The Coronavirus Crisis
Economy
Congress Begins Work on Third Economic Stimulus Bill for The Coronavirus Crisis

WASHINGTON — Lawmakers began negotiating a third economic stimulus bill to prevent the U.S. economy from cracking under the weight of the coronavirus epidemic even as efforts stalled Monday to finish work on a second bill that passed the House... Read More

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