Economy

A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks. A day earlier, Washington Gov. Jay Inslee ordered all bars, restaurants, entertainment and recreation facilities to temporarily close to fight the spread of COVID-19 in the state with by far the most deaths in the Unite States from the disease. (AP Photo/Elaine Thompson)
Associated Press
March 17, 2020 - 6:30 pm
WASHINGTON (AP) — The Federal Reserve put in motion two emergency lending programs Tuesday 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. The first, announced mid-morning, is...
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President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 17, 2020 - 12:35 pm
WASHINGTON (AP) — Ahead of an expected surge in coronavirus cases, President Donald Trump on Tuesday moved to blunt the impact of the pandemic on the U.S. economy, fundamentally altered by a push for a nation to stay home. As the global markets fluctuated amid fears of a recession, the president...
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Treasury Secretary Steven Mnuchin speaks during a press briefing with the coronavirus task force, at the White House, Tuesday, March 17, 2020, in Washington, as President Donald Trump looks on. (AP Photo/Evan Vucci)
Associated Press
March 17, 2020 - 11:23 am
WASHINGTON (AP) — President Donald Trump wants the government to send checks to Americans in the next two weeks in an effort to curb the economic cost of the coronavirus outbreak, Treasury Secretary Steven Mnuchin said Tuesday. “The president has instructed me we have to do this now,” he said at...
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President Donald Trump and Administrator of the Centers for Medicare and Medicaid Services Seema Verma listen during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 17, 2020 - 10:22 am
WASHINGTON (AP) — He called on the country to come together. He warned of pain to come. And he deferred to the nation's public health experts while at least momentarily putting aside petty squabbling. After weeks of trying to play down the risk posed by the coronavirus pandemic, President Donald...
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Trader Peter Tuchman works on the floor of the New York Stock Exchange Monday, March 16, 2020. (AP Photo/Craig Ruttle)
Associated Press
March 16, 2020 - 11:07 pm
BANGKOK (AP) — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill as businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 reversed early...
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President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 16, 2020 - 8:14 pm
WASHINGTON (AP) — Racing to stall an expected surge of coronavirus cases, the White House on Monday released a series of sweeping guidelines that for the next 15 days will temporarily rewrite the norms of American society. President Donald Trump, employing a newly somber tone about the crisis...
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People walk past a convenient store where the latest cover of a magazine is stuck on a pillar outside of it on Sunday, March 15, 2020, in New York. President Donald Trump on Sunday called on Americans to cease hoarding groceries and other supplies, while one of the nation's most senior public health officials called on the nation to act with more urgency to safeguard their health as the coronavirus outbreak continued to spread across the United States. (AP Photo/Wong Maye-E)
Associated Press
March 16, 2020 - 5:52 pm
Millions of people are stocking up and holing up at home a as a growing number of governments fight to bring the coronavirus under control. The number of reported cases worldwide topped 175,000 with 6,700 deaths. More than 77,000 people have recovered from the illness. These are some of the latest...
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A parking lot attendant walks through a typically full parking lot now largely empty over people staying home due to the worldwide coronavirus pandemic in Dubai, United Arab Emirates, Monday, March 16, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Jon Gambrell)
Associated Press
March 16, 2020 - 4:24 pm
Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, lots of it. Markets in Asia, Europe and the U.S. are plunging. Following is a quick...
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People walk in Union Station's Main Hall in Washington, Monday, March 16, 2020. The U.S. surgeon general says the number of coronavirus cases in the United States has reached the level that Italy recorded two weeks ago. It's a sign that infections are expected to rise in America as the government steps up testing and financial markets continue to fall. (AP Photo/Patrick Semansky)
Associated Press
March 16, 2020 - 11:31 am
CHICAGO (AP) — Millions of Americans began their work week holed up at home against the coronavirus Monday as the escalating outbreak shifted the nation’s daily routines in ways never before seen in U.S. history. With wide swaths of the economy shuddering to a halt, stocks nosedived more than 11%...
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Former Vice President Joe Biden, left, and Sen. Bernie Sanders, I-Vt., right, participate in a Democratic presidential primary debate at CNN Studios in Washington, Sunday, March 15, 2020. (AP Photo/Evan Vucci)
Associated Press
March 16, 2020 - 4:43 am
WASHINGTON (AP) — Former Vice President Joe Biden and Sen. Bernie Sanders sought in the Democratic debate to cast themselves as best-positioned to lead the nation through a global pandemic, uniting in their criticism of President Donald Trump's response to the fast-moving coronavirus but diverging...
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