As opposed to a one time, $1200 stimulus check, Senators Kamala Harris, (D-Calif.), Bernie Sanders (I-Vt.) and Ed Markley (D-Mass) have introduced the Monthly Economic Crisis Support Act, which will provide a monthly $2,000 coronavirus MORE
The US economy lost 20.5 million jobs in April, the Bureau of Labor Statistics said Friday — by far the most sudden and largest decline since the government began tracking the data in 1939. Those losses follow MORE
Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. In all, MORE
Trump will hold a roundtable with industry leaders on how to open up the country again.
The fallout from the deadly coronavirus caused the U.S. economy to contract 4.8 percent from January through March, the deepest decline since the depths of the financial crisis more than a decade ago, the Commerce Department said MORE
Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus MORE
Weekly jobless claims totaled 4.4 million last week, slightly more than expected. The five-week total is now 26.4 million, more than all of the jobs added since the Great recession. The totals remain elevated as MORE
An heir to the Walt Disney fortune has criticised the company for protecting executive bonuses and dividends of more than $1.5bn (£1.2bn) while cutting the pay of more than 100,000 workers to help weather the MORE
NEW YORK (AP) — Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it. Stocks MORE
As more than half the people in the world hunker down under some form of enforced confinement, stirrings of political and social unrest are pointing to a new, potentially turbulent phase in the global effort MORE
The Small Business Administration says it’s “unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.” It adds: “Similarly, we are unable to enroll new PPP lenders at this time.” MORE
Protection measures against the coronavirus continued to tear through the employment ranks, with 5.245 million more Americans filing first-time claims for unemployment insurance last week, the Labor Department reported Thursday. The new filings bring the MORE
Is the Fed’s massive coronavirus stimulus package helping the ultra-rich at the expense of ordinary American workers? That’s what Chamath Palihapitiya, chief executive of venture-capital firm Social Capital LP, argued Thursday. “On Main Street today, MORE
President Trump is preparing to announce as soon as this week a second, smaller coronavirus task force aimed specifically at combating the economic ramifications of the virus and focused on reopening the nation’s economy, according to four MORE
For the first time in nearly a decade, the U.S. suffered a net loss of jobs as the coronavirus began to take hold in the country. But a monthly snapshot from the Labor Department shows only the MORE
The global economy, heading for its worst year since the end of the Second World War, could “take years” to fully recover to its pre-coronavirus norms, economists warned. The consultancy Capital Economics said in an MORE
The coronavirus pandemic is putting unprecedented strain on the U.S. economy, Federal Reserve Chairman Jerome Powell said Thursday in an exclusive interview with Savannah Guthrie on the “TODAY” show, noting, “There can be a good rebound on the other side of this.” MORE
The GOP, conservative economists, unqualified pundits, and even the 73-year-old president of the United States have suggested that the short-term economic pain we have just begun inflicting on ourselves to slow the spread of coronavirus MORE
Direct Payments: For individuals the package provides direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child. Unemployment insurance would be extended to four months, the benefits would be bolstered MORE
“No one reached out to me and said, as a senior citizen, are you willing to take a chance for your survival in exchange for keeping the America that all America loves for your children MORE
As the number of Coronavirus cases grow rapidly in the United States, Trump suggests lifting restrictions enacted to slow the spread of the disease. Trump also retweeted a suggestion some Wing Nut made “that urged MORE
Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913 MORE
The Trump administration is asking state labor officials to delay releasing the precise number of unemployment claims they are fielding, an indication of how uneasy policymakers are about further roiling a stock market already plunging MORE
The coronavirus pandemic is plunging the United States into a recession that could be as sharp as the 2008 financial crash, although the economy will likely rebound before President Donald Trump faces re-election in November, MORE
Wall Street was poised for more losses Wednesday, as an escalating oil price war compounded investor panic about the coronavirus’ tightening grip on the U.S. economy, without any clear path to economic protections from the White MORE