Here’s how the COVID-19 relief package affects you and the economy. The bill provides lifelines to working Americans, the unemployed, contractors.
Author: Paul Davidson, USA TODAY
It’s not just restaurants and movie theaters cutting jobs. Small business layoffs spread.
It’s not just restaurants and movie theaters that are eliminating jobs. Small businesses of all kinds are laying off workers.
In sweeping move, Fed will lend to businesses and local governments, and extend bond-buying programs
Federal Reserve to lend up to $300 billion to corporations, small businesses, and will buy more Treasuries
Unemployment claims, a gauge of layoffs, may hit record 2.5M this week: Goldman Sachs
Initial claims for unemployment benefits may total record 2.5 million this week as coronavirus outbreak spreads, according to a Goldman Sachs estimate
Former UN ambassador Nikki Haley resigns from Boeing board over company’s bailout request
Nikki Haley, formerly the governor of South Carolina and US ambassador to the UN, has resigned from Boeing’s board over the company’s bailout request
Fed to bolster money market funds amid stresses caused by coronavirus impact
The Fed will lend to financial institutions to ease strains among money market mutual funds as redemption demands increase.
A recession has probably begun. How bad will a coronavirus-triggered downturn be?
The coronavirus almost certainly has already triggered a recession. How bad will it be? And how long will it last?
Fed revives funding for business loans, called commercial paper, as coronavirus stresses market
Fed revives crisis-era funding source for short-term business loans as stresses develop amid coronavirus outbreak
What kind of stimulus should Congress pass to rescue the economy?
Economists say a massive stimulus is needed to rescue the economy from the effects of the coronavirus.
Fed cuts rate to zero, launches more bond purchases in historic moves to fight coronavirus
Fed cut rates to near zero, launches bond purchases to pump cash into financial system and encourages bank loans to combat the coronavirus’s impact.