Associated Press
Latest Stories (411)
Powell warns of a possible sustained recession from pandemic
May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
33 million people have now sought U.S. unemployment aid since COVID-19 hit
May 7, 2020
That's the equivalent of one in five Americans who had been employed in February.
More than 20 million jobs vanished in April, new ADP report says
May 6, 2020
ADP says its payroll data for April shows the worst job loss numbers ever.
30 million have sought U.S. unemployment aid since COVID-19 hit
Apr 30, 2020
It's by far the worst string of layoffs on record.
U.S. economy shrank at 4.8% rate in first quarter
Apr 29, 2020
It's the sharpest fall since the deepest depths of the Great Recession.
Fed announces $2.3 trillion in additional lending
Apr 9, 2020
The loans, to support American households, businesses and local governments, is part of the Main Street Lending Program authorized by the economic relief law.
White House, Senate agree to $2 trillion COVID-19 rescue package
Mar 25, 2020
The urgently needed pandemic response measure is the largest economic rescue measure in history.
Fed to buy unlimited government debt and lend to businesses
Mar 23, 2020
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis.
Fed slashes rates to near zero, eases bank lending rules
Mar 15, 2020
The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.
Trump suspends travel from Europe to U.S. for 30 days
Mar 12, 2020
Trump says the restrictions won't apply to the United Kingdom, and the U.S. will monitor the situation to determine if travel can be reopened earlier.