Economy

President Donald Trump listens to a question during press briefing with the coronavirus task force, at the White House, Wednesday, March 18, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 18, 2020 - 8:29 pm
WASHINGTON (AP) — Describing himself as a “wartime president” fighting an invisible enemy, President Donald Trump on Wednesday invoked rarely used emergency powers to marshal critical medical supplies against the coronavirus pandemic. Trump also signed an aid package — which the Senate approved...
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A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
Associated Press
March 18, 2020 - 7:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
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Senate Majority Leader Mitch McConnell of Ky., walks back to his office on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
WWJ News
March 18, 2020 - 1:39 pm
WASHINGTON (AP) — The Treasury Department said Wednesday it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and...
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Jacquie Cadorette
March 18, 2020 - 12:00 am
RADIO.COM’S Coronavirus Daily podcast is here to give you daily updates on the ever-changing coronavirus crisis. Episode 1 outlines the economic impact of an outbreak this large.
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A trader works the floor at the New York Stock Exchange, Tuesday, March 17, 2020 in New York. (AP Photo/Mark Lennihan)
Associated Press
March 17, 2020 - 11:42 pm
BEIJING (AP) — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump's promise of aid to get the U.S. economy through the coronavirus outbreak. Benchmarks in Shanghai, Tokyo and Hong Kong all advanced. Australia's main index fell 5% and smaller Asian...
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Mike Mastrian, Director of the Senate Radio and Television Gallery, cleans down the podium before a news conference with Senate Majority Leader Mitch McConnell of Ky., on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
Associated Press
March 17, 2020 - 11:26 pm
WASHINGTON (AP) — In a massive federal effort Tuesday, President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to do their part by staying home to stop the...
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Judie Shape, center, who has tested positive for the coronavirus, but isn't showing symptoms, presses her hand against her window after a visit through the window and on the phone with her daughter Lori Spencer, left, and her son-in-law Michael Spencer, Tuesday, March 17, 2020, at the Life Care Center in Kirkland, Wash., near Seattle. In-person visits are not allowed at the nursing home, which is at the center of the outbreak of the new coronavirus in the United States. (AP Photo/Ted S. Warren)
Associated Press
March 17, 2020 - 9:54 pm
BERLIN (AP) — Mass disruptions shuddered across the globe Tuesday as governments struggled to slow the spread of the coronavirus while trying to keep their economies afloat. The chaos included border traffic jams in Lithuania, the deaths of 17 elderly residents in one Madrid nursing home and a bus...
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Treasury Secretary Steven Mnuchin speaks during a press briefing with the coronavirus task force, at the White House, Tuesday, March 17, 2020, in Washington, as President Donald Trump looks on. (AP Photo/Evan Vucci)
Associated Press
March 17, 2020 - 3:52 pm
WASHINGTON (AP) — The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. The extension announced Tuesday is an effort to inject up to $300 billion into the economy at a time when the coronavirus...
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President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 17, 2020 - 1:35 pm
WASHINGTON (AP) — Ahead of an expected surge in coronavirus cases, President Donald Trump on Tuesday moved to blunt the impact of the pandemic on the U.S. economy, fundamentally altered by a push for a nation to stay home. As the global markets fluctuated amid fears of a recession, the president...
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Treasury Secretary Steve Mnuchin, second from left, speaks with members of the media as he departs a meeting with Senate Republicans on an economic lifeline for Americans affected by the coronavirus outbreak. on Capitol Hill in Washington, Monday, March 16, 2020. Standing with Mnuchin is White House chief economic adviser Larry Kudlow, right. (AP Photo/Patrick Semansky)
Associated Press
March 16, 2020 - 10:01 pm
WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed. And top White House officials...
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