Economic policy

People walk among U.S. flags with the U.S. Capitol in the background, Sunday, March 15, 2020, in Washington. House Speaker Nancy Pelosi, D-Calif., said Congress has started work on a new coronavirus aid package after the one just approved by the House early Saturday. (AP Photo/Jacquelyn Martin)
March 19, 2020 - 1:47 pm
WASHINGTON (AP) — The fast-moving coronavirus upending every facet of American life is testing whether Washington, a capital city fractured by years of bitter partisanship and inaction, can still do big things. Not since the Great Recession of 2008, and before that the Sept. 11 attacks of 2001, has...
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FILE - In this Thursday, March 5, 2020 file photo, European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier speaks during a media conference at EU headquarters in Brussels. Michel Barnier, the European Union's chief negotiator for the future relationship with Britain after Brexit, said Thursday March 19, 2020 he has been infected with the coronavirus. Barnier tweeted that he is doing well and is in good spirits. (AP Photo/Virginia Mayo, File)
March 19, 2020 - 10:12 am
BRUSSELS (AP) — Michel Barnier, the European Union's chief negotiator for the bloc's future relationship with Britain after Brexit, has been infected with the new coronavirus. The 69-year-old Barnier said in a Twitter video message Thursday that he is doing well and is in good spirits, while the EU...
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A man walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia, Saturday, March 7, 2020. (AP Photo/Amr Nabil)
March 19, 2020 - 2:57 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economic outlook and deficit. In a statement carried by the state-run Saudi Press Agency...
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Signs hang in the ticket window of a movie theater notifying customers that it is closed, Monday, March 16, 2020 in New York. New York state entered a new phase in the coronavirus pandemic Monday joining with Connecticut and New Jersey to close bars, restaurants and movie theaters starting Monday night. The governors said restaurants and bars will move to take-out and delivery services only. The three states also will limit crowd capacity for social and recreational gatherings to 50 people, effective 8 p.m. (AP Photo/Yuki Iwamura)
March 18, 2020 - 5:33 pm
NEW YORK (AP) — Faced with a lengthy shutdown due the coronavirus pandemic, movie theaters are requesting relief from the U.S. government. The National Organization of Theater Owners, the trade group that represents most of the industry's cinemas, said Wednesday that it's asking for immediate...
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Mike Mastrian, Director of the Senate Radio and Television Gallery, cleans down the podium before a news conference with Senate Majority Leader Mitch McConnell of Ky., on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
The Associated Press
March 17, 2020 - 9:06 pm
WASHINGTON (AP) — In a massive federal effort Tuesday, President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to do their part by staying home to stop the...
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A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks. A day earlier, Washington Gov. Jay Inslee ordered all bars, restaurants, entertainment and recreation facilities to temporarily close to fight the spread of COVID-19 in the state with by far the most deaths in the Unite States from the disease. (AP Photo/Elaine Thompson)
March 17, 2020 - 6:30 pm
WASHINGTON (AP) — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. The first, announced mid-morning, is...
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The American flag flies on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
March 17, 2020 - 3:24 pm
WASHINGTON (AP) — As Congress works on a rescue package to help shore up a U.S. economy hard hit by the coronavirus pandemic, a wide swath of business, from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie...
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President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
The Associated Press
March 17, 2020 - 12:35 pm
WASHINGTON (AP) — Ahead of an expected surge in coronavirus cases, President Donald Trump on Tuesday moved to blunt the impact of the pandemic on the U.S. economy, fundamentally altered by a push for a nation to stay home. As the global markets fluctuated amid fears of a recession, the president...
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Trader Peter Tuchman works on the floor of the New York Stock Exchange Monday, March 16, 2020. (AP Photo/Craig Ruttle)
The Associated Press
March 16, 2020 - 11:07 pm
BANGKOK (AP) — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill as businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 reversed early...
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FILE - In this May 8, 2019, file photo, New Zealand's Reserve Bank Governor Adrian Orr speaks to the media in Wellington, New Zealand. New Zealand's central bank on Monday, March 16, 2020 cut the benchmark interest rate to a record low 0.25%. The cut of 0.75% came outside of the bank's normal schedule for changing rates. The Reserve Bank of New Zealand said in a statement that the negative impact of the pandemic on the New Zealand economy will be significant. For most people, the new coronavirus causes only mild or moderate symptoms. For some, it can cause more severe illness, especially in older adults and people with existing health problems. (AP Photo Nick Perry, File)
March 16, 2020 - 9:56 pm
WELLINGTON, New Zealand (AP) — New Zealand's government said Tuesday it would spend billions of dollars supporting hard-hit companies as it tries to shore up an economy headed for recession because of the coronavirus. The stimulus package is equivalent to 4% of GDP. A large chunk of the new...
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