May 12 WATCH: Sen. Schumer slams Trump over virus response By Associated Press Democratic Sen. Minority Leader Chuck Schumer slammed President Donald Trump over his response to the coronavirus pandemic following a Senate hearing that featured top health officials, including Dr. Anthony Fauci, and CDC Director Robert Redfield. Continue reading
May 12 U.S. government sees record monthly deficit of $737.9 billion By Martin Crutsinger, Associated Press The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. Continue reading
May 12 Why prospect of deflation could pose a threat to U.S. economy By Martin Crutsinger, Associated Press The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. Continue reading
May 12 WATCH: White House press secretary holds briefing on coronavirus updates By Justin Stabley and Associated Press The White House will hold a news briefing on May 12. Continue reading
May 12 WATCH: Pelosi unveils $3 trillion coronavirus aid package By Lisa Mascaro, Associated Press “Not acting is the most expensive course," she said on Tuesday. Continue reading
May 11 Biggest U.S. solar project approved in Nevada despite critics By Scott Sonner, Associated Press The Trump administration has approved the largest solar energy project in the U.S. and one of the biggest in the world despite objections from conservationists who say it will destroy thousands of acres of habitat critical to the survival of… Continue reading
May 11 WATCH: Virginia governor gives coronavirus update By Justin Stabley and Associated Press Virginia Gov. Ralph Northam held a news conference to give an update on the state's efforts to fight the novel coronavirus. Continue reading
May 11 Saudi Arabia triples taxes, cuts $26 billion in costs amid pandemic By Aya Batrawy, Associated Press Saudi Arabia has tripled taxes on basic goods, raising them to 15%, and has announced spending cuts of around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. Continue reading
May 11 Here's who's being hit hardest by the economic downturn By Candice Norwood The widespread nature of the losses indicates a more significant challenge for the labor market to recover as states begin to reopen businesses. Continue reading
May 11 Shanghai Disneyland reopens with anti-virus controls By Sam McNeil, Associated Press Visitors wearing face masks streamed into Shanghai Disneyland as the theme park reopened in a high-profile step toward reviving tourism that was shut down by the coronavirus pandemic. Continue reading