Government business and finance

Florida Gov. Ron DeSantis speaks about the COVID-19 virus during a news conference at the Florida Department of Health on Monday, March 2, 2020, in Miami. Florida officials are trying to reassure residents that the risk posed by a new strain of coronavirus remains low, despite revelations that two people have become the first in the state to be confirmed to have the virus. (AP Photo/Brynn Anderson)
SKY News
March 02, 2020 - 8:42 pm
MIAMI (AP) — The Trump administration on Monday reassured governors that they will be reimbursed for at least some of the costs of responding to the spread of the coronavirus, as several states began setting aside millions of dollars to head off a public health crisis. Florida Gov. Ron DeSantis...
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
SKY News
March 02, 2020 - 7:55 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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In this Friday, Feb. 14, 2020 photo, a truck leaves the docks at PortMiami in Miami. On Thursday, Feb. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Wilfredo Lee)
SKY News
February 27, 2020 - 4:53 pm
WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the spreading coronavirus is likely depressing growth in the current quarter and for the rest of the year. The overall pace of growth in the October-December quarter was unchanged...
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James Denaro monitors stock prices at the New York Stock Exchange, Wednesday, Feb. 26, 2020. (AP Photo/Mark Lennihan)
SKY News
February 26, 2020 - 5:25 pm
Major U.S. stock indexes gave up early gains and closed mostly lower Wednesday, extending the market’s heavy losses for the week. The benchmark S&P 500 fell for the fifth straight day after swinging between a 0.6% loss and 1.7% gain. Smaller company stocks bore the brunt of the selling. The...
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FILE - In this Feb. 13, 2020 file photo, Secretary of Health and Human Services Alex Azar testifies on Capitol Hill in Washington. Democrats controlling the House wrote HHS Secretary Alex Azar earlier this month to request funds to help speed development of a coronavirus vaccine, expand laboratory capacity, and beef up screening efforts at U.S. entry points. Azar is slated to testify before the Senate Appropriations Committee on Tuesday, and the U.S. response to the outbreak is sure to be a major topic. (AP Photo/J. Scott Applewhite)
Nick Allen
February 24, 2020 - 9:53 pm
WASHINGTON (AP) — The White House on Monday sent lawmakers an urgent $2.5 billion plan to address the deadly coronavirus outbreak, whose rapid spread and threat to the global economy rocked financial markets. The White House budget office said the funds are for vaccines, treatment and protective...
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FILE- In this Feb. 19, 2020, file photo, a monkey sits on a hoarding welcoming U.S. President Donald Trump ahead of his visit to Ahmedabad, India. A festive mood has enveloped Ahmedabad in India’s northwestern state of Gujarat ahead of Prime Minister Narendra Modi's meeting Monday with U.S. President Donald Trump, whom he's promised millions of adoring fans. The rally in Modi's home state may help replace his association with deadly anti-Muslim riots in 2002 that landed him with a U.S. travel ban. It may also distract Indians, at least temporarily, from a slumping economy and ongoing protests over a citizenship law that excludes Muslims, but also risks reopening old wounds. (AP Photo/Ajit Solanki, File)
SKY News
February 22, 2020 - 5:37 am
AHMEDABAD, India (AP) — A festive mood has enveloped Ahmedabad in India’s northwestern state of Gujarat ahead of Prime Minister Narendra Modi's meeting there on Monday with President Donald Trump, whom he's promised millions of adoring fans. The rally in Modi's home state may help displace his...
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FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
SKY News
February 20, 2020 - 7:57 am
TOKYO (AP) — Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings. France's CAC 40 edged down 0.2% to 6,099 and Germany's DAX fell 0.2% to 13,765. Britain's FTSE 100 was flat at 7,458. Dow and S&P 500...
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President Donald Trump talks to the media before he boards Air Force One for a trip to Los Angeles to attend a campaign fundraiser, Tuesday, Feb. 18, 2020, at Andrews Air Force Base, Md. (AP Photo/Evan Vucci)
SKY News
February 18, 2020 - 7:08 pm
WASHINGTON (AP) — President Donald Trump went on a clemency blitz Tuesday, commuting former Illinois Gov. Rod Blagojevich's 14-year prison sentence and pardoning former New York City police commissioner Bernie Kerik, among a long list of others. Those who got a break from Trump include financier...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
SKY News
February 10, 2020 - 12:24 pm
WASHINGTON (AP) — President Donald Trump is offering a $4.8 trillion election year budget plan that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while leaving Social Security and Medicare benefits untouched...
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FILE - In this July 14, 2018, file photo, people leave the south portal of Yucca Mountain during a congressional tour near Mercury, Nev. President Donald Trump appears to have reversed position to now oppose creating a national nuclear waste dump at Nevada's Yucca Mountain. Trump tweeted Thursday, Feb. 6, 2020, that his administration will respect the state, which has argued that the site about 100 miles from Las Vegas isn't suitable. (AP Photo/John Locher, File)
February 06, 2020 - 8:54 pm
LAS VEGAS (AP) — President Donald Trump on Thursday appeared to reverse his position on a proposal to create a national nuclear waste dump at Yucca Mountain in Nevada after his administration tried for several years to revive the mothballed project. “Nevada, I hear you on Yucca Mountain and my...
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