Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis.
On the same day the federal government announced more than 6.6 million Americans filed unemployment claims, President Donald Trump said a program to help businesses continue to pay workers launches Friday.
The US is well on track to build 400-450 miles of wall along its south-western border by the end of the calendar year, said Acting Homeland Security Secretary Chad Wolf at a news conference with President Trump Wednesday.
The US government rushed to set up make-shift hospitals on Tuesday as over 850 people died from coronavirus, the highest number in a single day. Hundreds of hospitals are being built close to major cities to help local health care systems struggling at maximum capacity and beyond, Reuters reported.
Idaho has legislated that women’s sports are for females only and that trans-gender identifying persons may not alter the sex-marker on their birth-certificates. The first in the US to set down such measures, Idaho Governor Brad Little signed the “Fairness in Women’s Sports Act” and the “Vital Statistics Act” into law on March 30.
President Trump pushed Congress to adopt ‘very big and bold’ infrastructure investments in future legislation to combat the coronavirus.
U.S. stock markets steadied on Tuesday at the end of the worst first quarter for the S&P 500 since 1938 amid growing evidence of the largescale damage caused by the collapse in oil prices and business activity due to the coronavirus.
Federal judges have ordered Texas and Ohio to allow abortions to continue during the coronavirus pandemic after lawsuits from Planned Parenthood.
The US government is giving reserved approval to two new weapons in the war against the COVID-19 virus, which has so far claimed the lives of more than 2,500 in the US and a total of 35,300 people around the world.
Maryland became the 28th U.S. state to enact a mandatory quarantine on Monday, ordering residents to stay at home with the exception of “buying food and medical reasons.”
The world’s biggest hospital ship, the USNS Comfort, arrives in New York on Monday to support medical workers fighting the new coronavirus pandemic.
President Donald Trump signed a $2 trillion coronavirus stimulus bill Friday just hours after it passed in the House, making law out of a package that will send billions of dollars directly to Americans and provide hundreds of billions more for businesses, health care systems and others impacted by the pandemic that has crippled the economy.
The U.S. Senate’s unanimous passage of an estimated $2.2 trillion coronavirus relief bill sent the unprecedented economic rescue legislation to the House of Representatives, whose leaders hope to pass it on Friday.
Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.
The Senate announced a bipartisan agreement on an unprecedented $2 trillion coronavirus relief package for workers and businesses.
As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.
The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.
Republicans erupted in anger and opposition Monday after House Speaker Nancy Pelosi released an economic relief package the GOP characterized as stuffed with liberal agenda items unrelated to the coronavirus crisis.
The Federal Reserve unveiled a host of programs on Monday in order to stabilize the markets in the midst of the coronavirus crisis, which some termed, “quantitative easing to infinity.”
Talks between Democrats and Republicans for a massive funding package to combat the impact of coronavirus have stalled, as lawmakers spar over issues like worker protections and funding for states battling the crisis.