LONDON — The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic.
Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared — potentially enduring into next...
Bob Giaimo, founder of the Silver Diner restaurant chain, is hoping to receive emergency funding in the coming days through a federal loan program. But he doesn’t want to spend the money right away.
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The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.
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The International Monetary Fund said the global economy is set to suffer the worst financial crisis since the Great Depression this year as governments worldwide deal with the coronavirus pandemic.
The Washington-based IMF is the latest financial organization placing expectations...
With President Trump saying he wants “the country opened” by Easter to salvage the U.S. economy, a fierce debate is now raging among policymakers over the necessity of shutting down vast swaths of American society to combat the novel...
WASHINGTON – Treasury Secretary Steven Mnuchin outlined a variety of potential proposals to Senate Republicans Tuesday as part of a legislative package to help Americans and industries that are reeling from the coronavirus.
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Confirmed cases of the novel coronavirus (COVID-19), which first appeared in China at the end of last year, now exceed 115,000 as of March 10 and are likely to climb significantly higher. While over two-thirds of the total confirmed cases are...
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that companies that received coronavirus rescue money intended for small businesses could be investigated if it appears they did not really need the money.
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The D.C. Council unanimously passed an emergency bill Tuesday to amplify the city’s response to the growing coronavirus pandemic, largely by expanding eligibility for unemployment insurance and providing financial assistance for businesses likely to be hammered during the ongoing...
For many Americans right now, the scale of the coronavirus crisis calls to mind 9/11 or the 2008 financial crisis—events that reshaped society in lasting ways, from how we travel and buy homes, to the level of security and...
