Economic policy

President Donald Trump speaks during a news conference about the coronavirus in the Rose Garden of the White House, Friday, March 13, 2020, in Washington. (AP Photo/Evan Vucci)
The Associated Press
March 13, 2020 - 11:57 pm
WASHINGTON (AP) — President Donald Trump on Friday declared the coronavirus pandemic a national emergency, freeing up money and resources to fight the outbreak, and then threw his support behind an aid package in Congress that is on track to provide direct relief to Americans. From the Rose Garden...
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Shoppers wait in a line stretching outside of a Trader Joe's supermarket, Thursday, March 12, 2020, in the Brooklyn borough of New York. Mayor Bill de Blasio said Thursday he will announce new restrictions on gatherings to halt the spread of the new coronavirus in the coming days, but he hopes to avoid closing all public events such as Broadway shows. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/John Minchillo)
The Associated Press
March 12, 2020 - 4:36 pm
The Latest on the world's coronavirus pandemic: Maryland officials say the state closing all public schools for two weeks in response to the coronavirus outbreak. State Superintendent of Schools Karen Salmon said schools will be closed from Monday until March 27. And on North Carolina, Gov. Roy...
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U.N. Secretary-General Antonio Guterres speaks during an update on the situation regarding the COVID-19 (previously named novel coronavirus (2019-nCoV), at the World Health Organization (WHO) headquarters in Geneva, Switzerland, Monday, Feb. 24, 2020. (Salvatore Di Nolfi/Keystone via AP)
The Associated Press
March 12, 2020 - 1:48 pm
UNITED NATIONS (AP) — Iran’s foreign minister demanded Thursday that the United States immediately halt what he called a “campaign of economic terrorism” and lift sanctions, saying they have made it increasingly difficult for the country to export oil and virtually impossible to import medicine and...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 8:15 am
FRANKFURT, Germany (AP) — The European Central Bank deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak, but avoided cutting interest rates in a situation where economists say monetary policy can do little more than limit the damage. The central bank for the...
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FILE - In this Feb. 23, 2020, file photo, Australian Prime Minister Scott Morrison speaks in Sydney, at a state memorial service for the victims of recent wildfires. The Australian government on Wednesday, March 11, 2020, announced a $2.4 billion (US $1.6 billion) package to help tackle the virus outbreak that has infected nearly 120,000 people worldwide, rocked financial markets and disrupted travel.(Peter Parks/Pool Photo via AP, File)
March 12, 2020 - 1:56 am
PERTH, Australia (AP) — Australia on Thursday put forward a $17.6 billion (US $11.4 billion) stimulus package meant to stave off a recession due to the impact of the virus outbreak on its economy. The package includes cash payments for small businesses and welfare recipients to counter the impact...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
The Associated Press
March 11, 2020 - 12:07 pm
NEW YORK (AP) — Stocks are falling sharply again Wednesday, wiping out virtually all of a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. The losses deepened after global authorities declared the coronavrius crisis a pandemic. Another big central...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 1:30 am
TOKYO (AP) — Stocks dropped in Asia on Wednesday despite gains on Wall Street on hopes the Trump administration will act to cushion the economic pain of the virus outbreak. Japan's benchmark Nikkei 225 lost 2.2% to 19,427.38. Australia's S&P/ASX 200 plunged 3.6% to 5,725.90. South Korea's Kospi...
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European Central Bank President Christine Lagarde talks to German Finance Minister Olaf Scholz during a meeting of European Union Finance Ministers in Eurogroup format at the Justus Lipsius building in Brussels, Monday, Feb. 17, 2020. (AP Photo/Francisco Seco)
March 11, 2020 - 12:00 am
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy. Expectations...
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A man wears a mask as he walks in the train station in Florence, Italy, Tuesday, March 10, 2020. Italy entered its first day under a nationwide lockdown after a government decree extended restrictions on movement from the hard-hit north to the rest of the country to prevent the spreading of coronavirus. (Jennifer Lorenzini/LaPresse via AP)
March 10, 2020 - 6:52 pm
Seven weeks after the first case of COVID-19 was confirmed in the U.S., the spread of the virus that causes the disease has done widespread damage to critical economic sectors in the country. Airlines are cutting capacity, people are working from home, major public events that raise millions of...
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President Donald Trump, left, standing with Vice President Mike Pence and Treasury Secretary Steven Mnuchin, right, talks to reporters about the coronavirus outbreak on Tuesday, March 10, 2020, on Capitol Hill in Washington. (AP Photo/Susan Walsh)
March 10, 2020 - 1:25 pm
WASHINGTON (AP) — President Donald Trump pitched his proposed payroll tax break Tuesday on Capitol Hill as pressure mounts on the administration and Congress to work more vigorously to contain the coronavirus outbreak and respond to the financial fallout. Trump's economic team joined in presenting...
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