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By Associated Press
The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic.
By Bernard Condon, Associated Press
Donald Trump is returning to a family business ravaged by pandemic shutdowns, with revenue plunging more than 40 percent at his Doral golf property, his Washington hotel and both his Scottish resorts.
Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession, saying the threats of a longer and even worse downturn are too great to cut back on support now.
By Joseph Pisani, Chris Rugaber, Associated Press
Millions of Americans have been jobless since the viral pandemic ripped through the U.S. economy in March, triggering a deep recession and causing widespread unemployment.
By Sharon Cohen, Associated Press
Feeding America, the nation's largest anti-hunger organization, has distributed 4.2 billion meals in an 8-month period. That's an unprecedented pace in the group's history.
By Sarah Skidmore Sell, Associated Press
Expanded unemployment benefits, federal eviction protections and a pause in student loan payments all cease at the end of this year. Meanwhile, the pandemic shows no signs of abating.
By Martin Crutsinger, Associated Press
In remarks released by the Fed on Monday, Powell said that the increase in new COVID-19 cases both in the United States and abroad was "concerning and could prove challenging for the next few months.
By Patrick Whittle, Associated Press
The coronavirus pandemic has hurt the U.S. seafood industry due to a precipitous fall in imports and exports and a drop in catch of some species.
By Christopher Rugaber, Associated Press
Powell said the threat also means Congress and the White House should provide more stimulus spending to support the unemployed, states and cities, and small businesses, and to keep the economy afloat.
The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
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