Proposing a new Coronavirus relief package, Senator Bernie Sanders called Friday for a guarantee that nobody in the U.S. loses a paycheck; the suspension of payments for rent, mortgages and student loans; and for all Americans to receive an additional $2,000 a month.
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As the federal government prepares to launch a $349 billion loan program meant to help small businesses survive the coronavirus pandemic, critics have growing concerns that many mom-and-pop shops might get squeezed out.
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Concerned the White House will shake off terms of oversight laid out for a $500 billion chunk of the $2 trillion coronavirus relief package, in a letter issued Tuesday, a trio of Democratic Senators urged Treasury Secretary Steve Mnuchin to hold up his end of the hard-fought bargain.
Read moreSoaring coronavirus-related deaths and word of a fourth stimulus package caused markets to have poor openings Tuesday.
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A $500 billion federal aid package for companies and governments hurt by the coronavirus includes rules aimed at ensuring that the taxpayer money is used in ways that would help sustain the economy. But questions are being raised about whether those guardrails will prevent the kinds of abuses that have marked corporate bailouts of the past.
Read moreMarket losses returned Friday even after the House passed the $2.2 trillion stimulus package.
Read morePresident Donald Trump on Friday signed a $2 trillion response to the novel coronavirus that will deliver checks to most Americans as well as hundreds of billions of dollars to small businesses and large companies.
Read moreMarket losses began early Friday, after a historic week of Wall Street gains, following news the United States leads the world in coronavirus cases.
Read moreUnfazed by historic unemployment numbers, Wall Street built on its rally for the third straight day.
Read moreNew York Governor Andrew Cuomo was critical Thursday of the relief expected in his state, the hardest hit by the Covid-19 pandemic, after days of political rancor at the Senate finally won approval of a $2 trillion aid package.
Read moreU.S. markets built slightly on Tuesday’s rally as the $2 trillion stimulus package makes its way through the Senate.
Read moreThe Senate is nearing passage of a roughly $2 trillion economic support bill responding to the coronavirus outbreak that includes direct payments to most Americans, as well as hundreds of billions of dollars for small businesses and industries affected by the pandemic.
Read moreThe largest stimulus package in U.S. history did little to rouse investors still groggy from Tuesday’s market rally.
Read moreAfter five days of negotiations, Senate leaders and the White House reached a deal early Wednesday on a roughly $2 trillion stimulus package aimed at rescuing the economy by aiding businesses, workers and hospitals.
Read moreA rally from investors reversed Monday’s stock losses and ushered in the best day of trading since 1933 even before the Senate reached a deal on a $2 trillion stimulus package.
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Investors confident that Congress will agree on a stimulus package rallied in U.S. markets and abroad Tuesday.
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Even with a stimulus package reportedly nearing completion and unprecedented moves by the Federal Reserve, U.S. stock markets continued their downward trajectory Monday.
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Senate Democrats on Monday again blocked a massive stimulus package responding to the coronavirus outbreak, though Senate Minority Leader Chuck Schumer held out hope for a deal by the end of the day.
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A massive lending boost from the Fed could reverse fortunes for U.S. markets, waiting at gutter levels now for a third stimulus plan.
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Despite opening gains and optimism, U.S. markets ended the week on a down note, with the Dow Jones Industrial Average losing nearly 1,000 points in the final minutes of trading.
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