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Treasury proposal: Deliver $500 billion to Americans starting April

By Lisa Mascaro, Zeke Miller, Andrew Taylor, Associated Press

In a memorandum issued Wednesday, Treasury is calling for two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May.

Senate considers $100 billion coronavirus bill, bigger federal measure in works

By Lisa Mascaro, Zeke Miller, Andrew Taylor, Associated Press

The upcoming economic package alone could exceed $1 trillion, a rescue plan not seen since the Great Recession.

Global markets sink despite promises of economic aid

By Joe McDonald, Associated Press

European markets were down about 5% after broad losses across Asia, while trading in Wall Street futures was suspended once again as losses hit the maximum 5% limit.

Nevada to close casinos, businesses and ban dining out

By Michelle L. Price, Scott Sonner, Associated Press

Nevada Gov. Steve Sisolak ordered casinos and other non-essential businesses like bars, movie theaters and gyms, to close starting noon Wednesday to slow the spread of the new coronavirus.

Fed launches 2 emergency programs last seen in the Great Recession

By Christopher Rugaber, Associated Press

The Federal Reserve has put in motion two emergency lending programs that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak.

Many Americans will be hurt financially by pandemic. Here's how government could help

On Tuesday, Wall Street recouped some of Monday’s record losses, with the Dow Jones Industrial Average regaining 1,000 points in apparent reaction to the prospect of a major economic stimulus package. How would that help Americans reeling from the pandemic?…

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WATCH: Airbnb, hotels seek U.S. government aid as demand flattens

By Dee-Ann Durbin, Associated Press

Hilton CEO Christopher Nassetta told the president Hilton has had to close some hotels for the first time in 100 years.

Panic buying leaves retailers scrambling to restock

By Anne D'Innocenzio, Associated Press

Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out by panic shopping in response to the global viral pandemic.

St. Patrick's Day subdued across the world amid virus crisis

By Alanna Durkin Richer, Associated Press

St. Patrick's Day revelers across the world tried to salvage the holiday with makeshift celebrations after parades and parties were scrapped and residents were urged to hunker down at home to slow the spread of the new coronavirus.

'How are we going to eat?' Novel coronavirus tests Europe's social nets

By Aritz Parra, Nicole Winfield, Associated Press

Governments across Europe are deferring tax payments, approving short-term unemployment schemes and paid sick leave to try to cushion the economic blow to businesses and blue collar workers alike from virus-containment measures.