Government business and finance

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)
SKY News
March 27, 2020 - 11:02 pm
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, 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...
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The U.S. Capitol Building stands on April 18, 2019 in Washington, D.C.
Zach Gibson/Getty Images
SKY News
March 26, 2020 - 11:33 am
WASHINGTON (AP) — House Speaker Nancy Pelosi says the massive $2.2 trillion coronavirus economic relief bill approved by the Senate will pass the House on Friday with “strong bipartisan support.” Pelosi spoke to reporters at the Capitol on Thursday a day after the Senate unanimously approved the...
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Federal Reserve Chair Jerome H. Powell announces a half percentage point interest rate cut
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SKY News
March 26, 2020 - 8:47 am
WASHINGTON (AP) — The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact of the coronavirus. The Commerce Department said Thursday in...
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In this Tuesday, March 24, 2020, photo, Keisha Henry poses for a portrait inside her lounge and catering business in New Orleans. Henry said she lost about $10,000 in revenue last week after three big functions she was slated to cater ended up canceling. Meanwhile, she still has expenses related to launching a bar and lounge six months ago. Henry said she regrettably had to lay off several employees.(AP Photo/Gerald Herbert)
March 25, 2020 - 5:04 pm
NEW ORLEANS (AP) — Barely a week ago, David McGraw was cooking daily for hundreds of fine diners at one of New Orleans’ illustrious restaurants. Today, he’s cooking for himself, at home — laid off along with hundreds of thousands of people across the U.S. in a massive economic upheaval spurred by...
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In this image provided by Jonathan Corpina, Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners Inc., who normally works on the New York Stock Exchange trading floor, works in his home office in Armonk, NY., Wednesday, March 25, 2020. Stocks are wobbling in tentative trading Wednesday as a historic, worldwide rally downshifts dramatically after just a day. (Danielle Corpina/Courtesy Jonathan Corpina via AP)
SKY News
March 25, 2020 - 4:59 pm
NEW YORK (AP) — Stocks scored their first back-to-back gains Wednesday since a brutal sell-off began five weeks ago, but much of an early rally faded late in the day as a last-minute dispute threatened to hold up a $2 trillion economic rescue package in Congress. The S&P 500 rose 1.2%, bringing...
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Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)
SKY News
March 25, 2020 - 2:20 am
WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure is...
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 U.S. President Donald Trump speaks at the daily coronavirus briefing at the White House on March 23, 2020. The U.S. Congress continues to work on legislation for the nearly $2 trillion dollar aid package to deal with the COVID-19 pandemic.
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SKY News
March 24, 2020 - 6:34 am
WASHINGTON (AP) — As cases of coronavirus rise, President Donald Trump said that he wants to reopen the country for business in weeks, not months, and claimed, without evidence, that continued closures could result in more deaths than the pandemic itself. "We can’t have the cure be worse than the...
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Senate Majority Leader Mitch McConnell of Ky. speaks to reporters outside the Senate chamber after Democrats blocked a coronavirus aid package on Capitol Hill, Monday, March 23, 2020, in Washington. (AP Photo/Andrew Harnik)
SKY News
March 24, 2020 - 5:31 am
WASHINGTON (AP) — Top congressional and White House officials emerged from grueling negotiations at the Capitol over the nearly $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday. Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer said they...
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President Donald Trump speaks as Vice President Mike Pence, left, and FEMA Administrator Peter Gaynor look on, during a coronavirus task force briefing at the White House, Sunday, March 22, 2020, in Washington. (AP Photo/Patrick Semansky)
SKY News
March 23, 2020 - 5:55 am
WASHINGTON (AP) — Top-level negotiations between Congress and the White House churned late into the night over a now nearly $2 trillion economic rescue package, as the coronavirus crisis deepened, the nation shut down and the first U.S. senator tested positive for the disease. As President Donald...
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Staff inspect medical equipments at an emergency hospital set up amid the new coronavirus outbreak in Jakarta, Indonesia, Monday, March 23, 2020. Indonesia has changed towers built to house athletes in the 2018 Asian Games to emergency hospitals with a 3,000-bed capacity in the country's hard-hit capital, where new patients have surged in the past week. (Hafidz Mubarak A/Pool Photo via AP)
March 23, 2020 - 5:07 am
PARIS (AP) — The hunt for ventilators and other medical supplies consumed the U.S. and Europe on Monday, as new coronavirus infections soared and political paralysis stalled efforts for a quick aid package from Congress. Asian markets and U.S. futures both sank as more governments tightened...
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