Mar 20 Senators sold stock before steep market losses from virus By Mary Clare Jalonick, Associated Press Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to… Continue reading
Mar 19 In $1 trillion virus response, McConnell proposes paying $1,200 per person By Andrew Taylor, Lisa Mascaro, Associated Press Keeping paychecks flowing for idled workers as jobless claims skyrocket is a top priority for both the Republican and Democratic plans emerging from Congress. Continue reading
Mar 19 Watch 5:50 Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one The coronavirus pandemic is causing immense economic damage. The number of Americans filing for unemployment benefits has surged as businesses nationwide close down and are forced to lay off workers. Has the country ever experienced anything like this? Paul Solman… Continue watching
Mar 19 $10 toilet paper? Coronavirus gouging complaints surge in U.S. By Reese Dunklin, Justin Pritchard, Associated Press Chain stores were accused of selling $26 thermometers and face masks at $39.95 a pair, while a convenience store offered toilet paper at $10 a roll next to a sign reading, "This is not a joke."… Continue reading
Mar 18 USDA fights to purge food stamps recipients despite pandemic By Ashraf Khalil, Associated Press The Agriculture Department says it will appeal a judge's ruling that it would be "arbitrary and capricious" to move forward during a global health crisis with food stamp changes that could force hundreds of thousands from the program. Continue reading
Mar 18 Watch 5:15 Could clarity around U.S. response to pandemic calm the economy? The novel coronavirus pandemic continues to cause economic shockwaves. On Wall Street, stocks plummeted again, with their accumulated decline now erasing nearly all the market gains since President Trump took office. Can the government take any action to reassure investors… Continue watching
Mar 18 Tumbling stocks erase nearly all Dow gains since Trump's inauguration By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Even prices for investments seen as safe during downturns fell as the coronavirus outbreak chokes the economy and investors rush to raise cash. Continue reading
Mar 18 Small businesses face devastation as damage from virus grows By Joyce M. Rosenberg, Christopher Rugaber, Associated Press Across the country, in industries of every kind and size, the coronavirus outbreak has devastated small businesses. Continue reading
Mar 18 German leader calls novel coronavirus biggest challenge since WWII By Kirsten Grieshaber, Associated Press She said everyone in Germany must help protect those most vulnerable to infection, illness and death. Continue reading
Mar 18 U.S. struggles to fill requests for protective gear By Andrew Selsky, Associated Press The federal government is rushing protective equipment to states for medical workers who will be on the front lines of the growing coronavirus pandemic. But at least in three states, promised deliveries are falling far short of requests. Continue reading