Apr 16 Watch 4:58 Why congressional relief for small businesses ran out so fast Small businesses constitute the primary engine of the U.S. economy -- and they are among the hardest hit by the novel coronavirus pandemic’s fallout. They suffered a new blow Thursday when the massive $349 billion relief program established to support… Continue watching
Apr 16 Watch 4:55 The pandemic has wiped out nearly all job gains since recession -- and it's not done yet U.S. job losses resulting from the COVID-19 pandemic are simply staggering. So far, they are roughly equivalent to the number of jobs created since the last painful recession. Elise Gould, senior economist with the nonprofit Economic Policy Institute, joins Judy… Continue watching
Apr 16 Watch 5:45 Evaporation of travel sector threatens airlines' very survival By Paul Solman One of the business sectors hit hardest by the novel coronavirus pandemic has been air travel. Passenger volume is down a stunning 96 percent in the U.S., while airline losses have topped $300 billion worldwide. Despite canceled flights, travelers are… Continue watching
Apr 16 Watch 3:13 Trump offers plan for reopening economy, but states are still worried about testing At the evening White House briefing of the Coronavirus Task Force, President Trump laid out a phased approach to reopening the U.S. economy. He also emphasized that governors would be able to make their own decisions about when to lift… Continue watching
Apr 16 Read the White House's guidelines for reopening public life in phases By Yamiche Alcindor and Associated Press The guidelines say states or regions should meet certain criteria before moving to a phased opening. Continue reading
Apr 16 It took 13 days for the Paycheck Protection Program to run out of money. What comes next? By Lisa Desjardins One of the most sweeping business rescue programs in U.S. history ran out of money Thursday, leaving millions of small business owners and workers in financial limbo. The $349 billion Paycheck Protection Program was completely depleted… Continue reading
Apr 16 WATCH: Louisiana Gov. Edwards and Rep. Scalise on importance of social distancing By Courtney Vinopal Louisiana Gov. John Bel Edwards held a news conference April 16 to give an update on the state’s efforts to fight the novel coronavirus. Continue reading
Apr 16 WATCH: New York Gov. Andrew Cuomo announces extension of stay-at-home order By Associated Press New York state will extend its stay-at-home restrictions at least through May 15 amid signs the initial wave of the coronavirus outbreak is slowing down. Continue reading
Apr 16 WATCH: IMFC held news conference amid coronavirus outbreak By Courtney Vinopal The International Monetary and Financial Committee held a news conference April 16 featuring IMF Managing Director Kristalina Georgieva and IMFC Chair Lesetja Kganyago amid the coronavirus outbreak. Continue reading
Apr 16 U.S. job losses mount as economic pain deepens worldwide By Christopher Rugaber, Lori Hinnant, Associated Press The ranks of Americans thrown out of work by the coronavirus ballooned Thursday to more than 20 million in just four weeks, an unprecedented collapse fueling widening protests and propelling President Donald Trump's push to relax the nation's social distancing… Continue reading