Latest Economic stimulus News

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)

AP source: Biden taps ex-Fed chair Yellen to lead treasury

Nov. 23, 2020 5:48 PM EST

WASHINGTON (AP) — President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies at a perilous time, according to a person familiar with the transition plans. Yellen, who is widely...

Fans wearing face masks as a precaution against the coronavirus cheer during the Game 4 of the Korean Series, the Korea Baseball Organization's championship round, between Doosan Bears and NC Dinos at Gocheok Sky Dome in Seoul, South Korea, Saturday, Nov. 21, 2020. (AP Photo/Ahn Young-joon)

Asia Today: South Korea mulls steps as new virus cases rise

Nov. 21, 2020 9:16 AM EST

SEOUL, South Korea (AP) — South Korea has reported 386 new cases of the coronavirus in a resurgence that could force authorities to reimpose stronger social distancing restrictions after easing them in October to spur a faltering economy. The figures released by the Korea Disease Control and Prevention...

A woman wearing a face mask to protect against the coronavirus walks past a propaganda billboard with the characters for

The Latest: China starts mass testing 3 million in Tianjin

Nov. 21, 2020 12:42 AM EST

BEIJING — China is starting mass testing on 3 million people in a section of the northern city of Tianjin and has tested 4,015 others in a hospital in Shanghai after the discovery of a pair of cases there. The National Health Commission recorded seven new domestically transmitted cases Saturday,...

FILE - This May 7, 2020, file photo shows a man wearing a mask while walking under a Now Hiring sign at a CVS Pharmacy during the coronavirus outbreak in San Francisco.  On Thursday, Nov. 12, the number of people seeking unemployment benefits fell last week to 709,000, the fourth straight drop and a sign that the job market is slowly healing. The figures coincide with a sharp resurgence in confirmed viral infections to an all-time high above 120,000 a day.  (AP Photo/Jeff Chiu, File)

US jobless claims rise to 742,000; millions to lose aid

Nov. 19, 2020 9:48 AM EST

WASHINGTON (AP) — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The worsening pandemic and the arrival of cold weather could...

FILE - In this Friday, Nov. 6, 2020, file photo, a man wearing a face mask rides a bicycle past a closed store in Wilmette, Ill. States in the U.S. are renewing their push for more federal money to deal with the fallout from the coronavirus outbreak and to help them distribute a vaccine when one becomes widely available sometime in 2021. (AP Photo/Nam Y. Huh, File)

States plead for more federal help as virus outbreak worsens

Nov. 17, 2020 5:59 PM EST

With more shutdowns looming and a vaccine months away from wide distribution, governors across the U.S. are pleading for more help from Washington ahead of what is shaping up to be a bleak winter. Renewed restrictions on indoor businesses, overloaded hospitals and the coming end of unemployment benefits for...

FILE - In this Nov. 13, 2020, file photo, Colorado Governor Jared Polis makes a point during a news conference about the state's rapid increase in coronavirus cases in Denver. Polis has announced a special COVID-19 legislative session to discuss a $220 million stimulus package to aid bars, restaurants, tenants, landlords and students. (AP Photo/David Zalubowski, File)

Colorado governor calls special session for COVID-19 relief

Nov. 17, 2020 4:59 PM EST

DENVER (AP) — Colorado Gov. Jared Polis on Tuesday called a special legislative session to craft a $220 million COVID-19 stimulus package to aid bars, restaurants, tenants, landlords and students. The proposed package includes sales tax relief for restaurants and bars hit hard by capacity limits, funds for...

President-elect Joe Biden, accompanied by Vice President-elect Kamala Harris, speaks about economic recovery at The Queen theater, Monday, Nov. 16, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

'More people may die': Biden urges Trump to aid transition

Nov. 16, 2020 6:44 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden on Monday warned of dire consequences if President Donald Trump and his administration continue to refuse to coordinate with his transition team on the coronavirus pandemic and block briefings on national security, policy issues and vaccine plans. The...

FILE - World Food Program (WFP) Executive Director David Beasley speaks to the media about the organization's Nobel Peace Prize win, at the airport in Ouagadougou, Burkina Faso, late Friday, Oct. 9, 2020.  Beasley says the Nobel Peace Prize has given the U.N. agency a spotlight and megaphone to warn world leaders that next year is going to be worse than this year, and without billions of dollars “we are going to have famines of biblical proportions in 2021.”   (AP Photo/Sam Mednick)

Nobel UN food agency warns 2021 will be worse than 2020

Nov. 14, 2020 4:47 PM EST

UNITED NATIONS (AP) — The head of the World Food Program says the Nobel Peace Prize has given the U.N. agency a spotlight and megaphone to warn world leaders that next year is going to be worse than this year, and without billions of dollars “we are going to have famines of biblical proportions in...

Bullock hangs COVID inaction on lack of federal relief funds

Nov. 12, 2020 5:26 PM EST

HELENA, Mont. (AP) — As Montana’s COVID-19 case toll continues to mount, Gov. Steve Bullock said Thursday he is wary of imposing stricter statewide restrictions to limit the spread of the virus without additional federal aid to unemployed individuals and small businesses. “I never wanted to...

FILE - In this Oct. 20, 2020, file photo, Colorado Gov. Jared Polis holds up a face mask featuring the state's new advertising campaign to encourage residents to protect against COVID-19 during a news conference in Denver. Polis is telling lawmakers his $35 billion budget request for the next fiscal year aims to ease residents' suffering this winter because of the coronavirus and position the state for a long-term post-pandemic recovery. (AP Photo/David Zalubowski, File)

Polis: Proposed budget will ease suffering, set up recovery

Nov. 12, 2020 3:25 PM EST

DENVER (AP) — Citing “horrific” cuts Colorado lawmakers had to make this year in response to revenue lost to the coronavirus, Gov. Jared Polis told a key committee Thursday his $35 billion budget request for the next fiscal year aims to ease suffering this winter and position the state for a...