Apr 03 Putin suggests sizable oil production cut as prices fall By Associated Press Russian President Vladimir Putin says he supports cutting oil production by about 10 million barrels a day to shore up falling prices. Continue reading
Apr 03 Cleanup of U.S. nuclear waste takes back seat as virus spreads By Susan Montoya Bryan, Associated Press Fallout from the global coronavirus pandemic is resulting in more challenges as the nation's only underground repository for nuclear waste finished ramping down operations Wednesday to keep workers safe. Continue reading
Apr 03 Government's relief program for small businesses off to a slow start By Ken Sweet, Joyce M. Rosenberg, Ryan J. Foley, Associated Press The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications. Continue reading
Apr 03 In pivot, Pelosi says next round of aid should build on past bipartisan relief bills By Andrew Taylor, Associated Press The California Democrat had earlier pressed goals such as a large public works measure and restoring a deduction for state and local tax payments. Continue reading
Apr 03 Stocks waver after goverment reports 700,000 job losses By Associated Press Stocks are wavering in early trading on Wall Street after the government reported that more than 700,000 jobs were lost last month. Continue reading
Apr 03 Novel coronavirus ends 50-year-low jobless rate in U.S. By Michael Sisak, John Leicester, Aritz Parra, Associated Press The U.S. government figures do not include the last two weeks, when nearly 10 million thrown-out-of-work Americans applied for unemployment benefits. Continue reading
Apr 02 Watch 4:29 Stories from Americans suffering the pandemic's financial fallout The loss of jobs caused by the coronavirus pandemic and its fallout is unprecedented in the U.S. Over 10 million Americans became unemployed in the past two weeks alone -- and economists say there are many more who have not… Continue watching
Apr 02 Watch 6:31 Why the speed and scope of U.S. job losses complicate federal response What does the coronavirus pandemic’s unprecedented surge in job loss mean for the American economy? Professor and economist Laura Tyson served as chair of the Council of Economic Advisers during the Clinton administration. She joins Judy Woodruff to discuss whether… Continue watching
Apr 02 Watch 6:27 Will these shuttered restaurants be able to reopen after pandemic? By Paul Solman A sector of the economy that is being hit especially hard amid the coronavirus pandemic is the restaurant industry. In normal times, Americans were spending roughly as much money on dining out as they were at grocery stores. With restaurants… Continue watching
Apr 02 Some in U.S. may not get stimulus checks until August By Matthew Daly, Associated Press The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later. Continue reading