Latest Government aid for industry News

President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell of Ky., after signing the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. From left, White House chief economic adviser Larry Kudlow, Treasury Secretary Steven Mnuchin, McConnell, Trump, House Minority Leader Kevin McCarty, R-Calif., and Vice President Mike Pence. (AP Photo/Evan Vucci)

Apply here: How to spend $2.2 trillion — and rescue economy

Apr. 2, 2020 12:11 AM EDT

WASHINGTON (AP) — President Donald Trump aims to shovel $2.2 trillion into the U.S. economy over the next few weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with a man who has...

House Speaker Nancy Pelosi of Calif., House Minority Leader Kevin McCarthy of Calif., left, and House Majority Leader Steny Hoyer of Md., right, holds up the Coronavirus Aid, Relief, and Economic Security (CARES) Act after Pelosi signed it 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)

Pelosi sees infrastructure package similar to Trump $2T plan

Apr. 1, 2020 4:29 PM EDT

WASHINGTON (AP) — House Democrats want to enact a massive infrastructure package upgrading the nation's broadband, road and water systems, Speaker Nancy Pelosi said Wednesday, in the next installment of Congress' effort to help the country weather the destructive blows inflicted by the coronavirus...

Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020, where a deal has been reached on a coronavirus bill. The 2 trillion dollar stimulus bill is expected to be voted on in the Senate Wednesday. (AP Photo/Andrew Harnik)

McConnell releasing ad tied to his role in virus rescue bill

Mar. 31, 2020 5:53 PM EDT

FRANKFORT, Ky. (AP) — Looking to capitalize on his leadership post during the coronavirus crisis, Senate Majority Leader Mitch McConnell is launching a campaign ad in his home state that touts his role in passing the $2.2 trillion economic rescue package. The TV ad debuting across Kentucky on Wednesday...

Linda DeFrancesco stocks shelves with her farm's own salsa, spreads, veggies and salsa at DeFrancesco Farm Stand in Northford, Conn., Thursday, March 26, 2020. Businesses across the state are worried about the impact of the coronavirus, even the ones considered

Urgent question from small businesses: When will aid arrive?

Mar. 31, 2020 11:57 AM EDT

NEW YORK (AP) — When will the money arrive? That's the urgent question for small business owners who have been devastated by the coronavirus outbreak. They're awaiting help from the $2 trillion rescue package signed into law Friday. But with bills fast coming due, no end to business closings and an economy...

President Donald Trump and Defense Secretary Mark Esper, right, walk as the U.S. Navy hospital ship USNS Comfort takes off from the pier at Naval Station Norfolk in Norfolk, Va., Saturday, March 28, 2020. The ship is departing for New York to assist hospitals responding to the coronavirus outbreak. (AP Photo/Patrick Semansky)

The Latest: WHO warns `far from over' in Asia and Pacific

Mar. 31, 2020 1:11 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: — WHO warns COVID-19 epidemics “far from over”...

President Donald Trump speaks during a coronavirus task force briefing in the Rose Garden of the White House, Sunday, March 29, 2020, in Washington. (AP Photo/Patrick Semansky)

Conditions for companies that get virus aid: Room for abuse?

Mar. 30, 2020 3:47 PM EDT

WASHINGTON (AP) — A $500 billion federal aid package for companies and governments hurt by the coronavirus includes rules aimed at ensuring that the taxpayer money is used in ways that would help sustain the economy. But questions are being raised about whether those guardrails will prevent the kinds of...

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...