Apr 24 Coronavirus relief pushing U.S. deficits to staggering heights By Andrew Taylor, Associated Press A recession caused by the coronavirus pandemic and a burst of government spending will nearly quadruple the government’s budget deficit, the Congressional Budget Office said Friday. Continue reading
Apr 23 Trump's criticism adds to tough choices in Georgia reopening By Jeff Amy, Associated Press President Donald Trump's blunt disapproval of Georgia Gov. Brian Kemp's decision to let some businesses reopen is only making decisions tougher for many owners, workers and customers. Continue reading
Apr 23 Watch 3:32 They were hit hard by the last recession. Now it's happening again By Lorna Baldwin, Maea Lenei Buhre The U.S. suffered a big financial hit during the Great Recession of 2008-2009. As the novel coronavirus pandemic yields another economic collapse, many of those people are losing jobs, businesses and investments again. Here are stories from four people who… Continue watching
Apr 23 Watch 4:10 The politics behind protests of stay-at-home orders By Yamiche Alcindor Officials at all levels of U.S. government are engaged in discussions about how and when to resume commerce and other activities. Polling data shows the majority of Americans support restrictions to prevent the spread of novel coronavirus, but there have… Continue watching
Apr 23 Watch 9:16 What these 2 Georgia mayors think about reopening their state Georgia’s governor says the state will allow some businesses to reopen beginning this Friday -- a week before his stay-at-home order expires. It’s a decision President Trump says he opposes. So far, Georgia has seen more than 20,000 cases and… Continue watching
Apr 23 Watch 6:34 Why the pandemic is making U.S. economic inequality even worse By Paul Solman A new survey by the Pew Research Center finds 43 percent of U.S. adults say they or someone in their household has suffered a job loss or pay cut due to COVID-19. With such widespread impact, it will likely take… Continue watching
Apr 23 WATCH: New Jersey governor gives coronavirus update By Justin Stabley New Jersey Gov. Phil Murphy held a news conference April 23 on the state’s response to the novel coronavirus. Continue reading
Apr 23 Gig workers and self-employed keep waiting for jobless aid By Christopher Rugaber, Associated Press Economists say the layoffs could send the unemployment rate as high as 20%, which would be the worst level since the Great Depression. But there are many more filings for jobless aid to come, including millions of independent contractors, gig… Continue reading
Apr 23 U.S. unsure it can meet deadline to disburse funds to tribes By Felicia Fonseca The department says it's still working to determine whether Alaska Native corporations are eligible for a share of the funding. Meanwhile, the list of tribes suing the federal government to try and keep the money out of the hands of… Continue reading
Apr 23 Government puts pressure on public companies to return loans By Associated Press Although the intent of the program is to help small businesses hit by the coronavirus outbreak, some publicly traded companies did secure loans, setting off a backlash. Continue reading