Latest Economic policy News

A group of kayakers practice social distancing while floating down the Greenbrier River Thursday, March 26, 2020 in Ronceverte, W.Va. Greenbrier County Health Department reported it's first COVID-19 case in the county Thursday. (Jenny Harnish/The Register-Herald via AP)

The Latest: New York state surpasses 1,000 deaths

Mar. 29, 2020 8:55 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Trump extends stay-at-home guidelines for another 30 days....

In this March 17, 2020, photo, Theresa Malijan, a registered nurse, has hand sanitizer applied on her hands after removing her gloves after she took a nasopharyngeal swab from a patient at a drive-thru COVID-19 testing station for University of Washington Medicine patients in Seattle. The Associated Press has found that the critical shortage of testing swabs, protective masks, surgical gowns and hand sanitizer can be tied to a sudden drop in imports of medical supplies. (AP Photo/Elaine Thompson)

Relief package billions can't buy hospitals out of shortages

Mar. 29, 2020 11:27 AM EDT

The billions of tax dollars headed for hospitals and states as part of the $2.2 trillion coronavirus response bill won't fix the problem facing doctors and nurses: a critical shortage of protective gowns, gloves and masks. The problem isn’t a lack of money, experts say. It’s that there’s not...

FILE - In this March 28, 2018 file photo, former U.S. Sen. Tom Coburn speaks at a news conference in Oklahoma City. Coburn has died. He was 72. A cousin tells The Associated Press that he died early Saturday, March 28, 2020. Coburn had been diagnosed with prostate cancer years earlier. The Oklahoma Republican railed against federal earmarking and earned a reputation as a political maverick.   (AP Photo/Sue Ogrocki, File)

Ex-Sen. Tom Coburn, conservative political maverick, dies

Mar. 28, 2020 3:11 PM EDT

OKLAHOMA CITY (AP) — Former U.S. Sen. Tom Coburn was stubborn as a mule and conservative to his core. But the Oklahoma family doctor, known for railing against federal earmarks, didn’t let political differences dictate whom he called friends — even if it didn’t sit well with some of...

FILE - In this Feb. 3, 2020, file photo, Sen. Pat Toomey, R-Pa., walks at the Capitol in Washington. The nation's fiercest fiscal conservatives are largely embracing the massive economic rescue package moving through Congress. In many cases, those conservatives who support the $2 trillion coronavirus spending bill are the very same who raged against the $800 billion economic stimulus package backed by the Obama administration after the 2008 financial crisis. (AP Photo/J. Scott Applewhite, File)

Hawks no more: Fiscal conservatives embrace rescue package

Mar. 28, 2020 1:45 PM EDT

NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many cases, the...

Medical staff members arrive for a duty shift at Dongsan Hospital in Daegu, South Korea, Friday, March 27, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death.(Lee Yong-hwan/Newsis via AP)

The Latest: UN says 86 staffers around world reported cases

Mar. 28, 2020 1:40 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — U.N. says 86 staffers around world have reported cases of...

President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)

Trump signs $2.2T stimulus after swift congressional votes

Mar. 28, 2020 12:09 AM EDT

WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law after swift and near-unanimous action by Congress to support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus...

House Speaker Nancy Pelosi of Calif., accompanied by House Minority Leader Kevin McCarthy of Calif., left, House Majority Leader Steny Hoyer of Md., right, and other bipartisan legislators, signs the Coronavirus Aid, Relief, and Economic Security (CARES) Act after it passed in the House on Capitol Hill, Friday, March 27, 2020, in Washington. The $2.2 trillion package will head to head to President Donald Trump for his signature. (AP Photo/Andrew Harnik)

Congress locks Trump oversight into $2.2 trillion package

Mar. 27, 2020 11:49 PM EDT

WASHINGTON (AP) — President Donald Trump declared that "I'll be the oversight" as lawmakers were in the final days of drafting what became a $2.2 trillion rescue plan for American businesses. In the end, Congress ensured that won’t be the case. The legislation, designed in part to help businesses...

Media stand in front of the Eiffel Tower where the word

US eyes new outbreaks as infections worldwide top 590,000

Mar. 27, 2020 10:53 PM EDT

NEW ORLEANS (AP) — New Orleans rushed to build a makeshift hospital in its convention center Friday as troubling new outbreaks bubbled in the United States, deaths surged in Italy and Spain and the world warily trudged through the pandemic that has sickened more than a half-million people. In a reminder no...

FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)

National bills coming due, with risk; consumers see it, too

Mar. 27, 2020 8:55 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ____ UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans applied for...

FILE - In this Wednesday, March 25, 2020, file photo, a man walks in front of a Tokyo Olympics logo at the Tokyo metropolitan government headquarters. The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. (AP Photo/Koji Sasahara, File)

No games, big losses: Money crisis faces US Olympic sports

Mar. 27, 2020 7:13 PM EDT

DENVER (AP) — The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, while others...