Economy

A lone jogger run on a partially empty 7th Avenue, resulting from citywide restrictions calling for people to stay indoors and maintain social distancing in an effort to curb the spread of COVID-19, Saturday March 28, 2020, in New York. President Donald Trump says he's considering a quarantine affecting residents of the state and neighboring New Jersey and Connecticut amid the coronavirus outbreak, but New York Gov. Andrew Cuomo said that roping off states would amount to "a federal declaration of war." (AP Photo/Bebeto Matthews)
March 28, 2020 - 8:00 pm
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: —Spain's deadliest day has over 800 deaths, over 8,...
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In this photo taken March 24, 2020, Mia Grace, right, holds a package of toilet paper as she and her dog Breezy observe social distancing chalk marks on the sidewalk while waiting to get in to The Reef Capitol Hill, a marijuana store in Seattle, which was limiting the number of people in the store at one time to help slow the spread of the new coronavirus. Earlier in the week, Washington Gov. Jay Inslee ordered nonessential businesses to close and the state's more than 7 million residents to stay home in order to slow the spread of the new coronavirus. In Washington and several other states where marijuana is legal, pot shops and workers in the market's supply chain were deemed essential and allowed to remain open. (AP Photo/Ted S. Warren)
March 28, 2020 - 1:30 pm
The coronavirus pandemic is defining for the globe what's “essential” and what things we really can't do without, even though we might not need them for survival. Attempting to slow the spread of the virus, authorities in many places are determining what shops and services can remain open. They're...
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This March 26, 2020 photo shows I-95 at the Aramingo interchange. with very little traffic due to concerns with the spread of coronavirus in Philadelphia. Gov. Tom Wolf is expanding his order for residents to stay at home in most circumstances to almost one-third of Pennsylvania's counties. The governor's office said Saturday that Wolf was expanding the order to Beaver, Centre and Washington Counties, making a total of 22 of Pennsylvania's 67 counties included. (Frank Wiese/The Philadelphia Inquirer via AP)
March 28, 2020 - 12:12 pm
The world changed remarkably this past week — yet again, just as it did the week before, as the coronavirus marched across the world. No corner of the planet was safe, it seemed: If the virus itself wasn't upending lives, it was the isolation that spread as the world locked down or the economic...
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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)
March 28, 2020 - 12:10 pm
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 his supporters...
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An emergency hospital is set up with nine hundreds beds for coronavirus infected patients, in the Expo Center, Lahore, Pakistan, Thursday, March 26, 2020. The virus 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. (AP Photo/K.M. Chaudhry)
March 28, 2020 - 10:50 am
ISLAMABAD (AP) — China sent a plane loaded with medical personnel and supplies Saturday to help Pakistan fight the spread of the coronavirus in one of the world's most populous nations. Across the Middle East and elsewhere, the outbreak has raised concerns that health systems strapped by multiple...
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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)
March 28, 2020 - 5:43 am
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...
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House Speaker Nancy Pelosi of Calif., accompanied by House Minority Leader Kevin McCarthy of Calif., left, House Majority Leader Steny Hoyer of Md., right, and other bipartisan legislators, signs the Coronavirus Aid, Relief, and Economic Security (CARES) Act after it passed in the House 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)
AP News
March 27, 2020 - 8:49 pm
WASHINGTON (AP) — President Donald Trump declared that "I'll be the oversight" as lawmakers were in the final days of drafting what became a $2.2 trillion rescue plan for American businesses. In the end, Congress ensured that won’t be the case. The legislation, designed in part to help businesses...
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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)
March 27, 2020 - 1:33 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 this week to support businesses, rush resources to overburdened health care providers and help struggling families during the...
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FILE - In this Wednesday, March 25, 2020, file photo, a man walks in front of a Tokyo Olympics logo at the Tokyo metropolitan government headquarters. The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. (AP Photo/Koji Sasahara, File)
March 27, 2020 - 1:24 pm
DENVER (AP) — The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, while...
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FILE - In this Feb. 14, 2020 file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said Friday, March 27, it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. She said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage(AP Photo/Jens Meyer, File)
March 27, 2020 - 12:54 pm
WASHINGTON (AP) — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in...
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