Federal Reserve unveils details of $2.3T in programs to help support economy The Federal Reserve released details on its Main Street business lending program and other initiatives to help the U.S. economy. The loans would be aimed toward businesses with up to 10,000 employees and less than $2.5 billion in revenues for 2019. Principal and interest payments will be deferred … [Read more...]

Push for interim emergency bill to include $500B in extra relief Speaker of the House Nancy Pelosi (D-CA) and Senate Majority Leader Chuck Schumer (D-NY), in a joint statement, supported another $250 billion in loans to small businesses, a sum that the Trump administration requested and Senate Majority Leader Mitch McConnell (R-KY) aims to pass through the Senate on … [Read more...]

Reports: U.S. records more than 1,200 deaths in 24 hours The total number of deaths in the U.S. was nearly 11,000 on Tuesday morning as 1,200 deaths were recorded in the latest 24-period. Officials have warned that this could be the deadliest week of the coronavirus pandemic. COVID-19 has been blamed for 74,000 deaths worldwide. Reports: Surgeon General expects death toll … [Read more...]

U.S. Surgeon General warns of ‘hardest, saddest week’ ahead; Americans advised to limit grocery trips U.S. Surgeon General Jerome Adams warned that this will be “the hardest and saddest week of most Americans’ lives” as the official U.S. death toll approached 10,000. President Donald Trump, meanwhile, was more optimistic, saying Sunday that “we’re starting to see light at … [Read more...]

Cases top 1 million worldwide The novel coronavirus has infected more than 1 million people and killed more than 54,000 worldwide, according to Johns Hopkins University. The U.S. has reported more than 245,500 cases with more than 6,000 deaths. Officials in Wuhan, China, where the outbreak began, say residents there should only go outside when necessary as the city begins to … [Read more...]

U.S.: Deaths over 5,000 as more states join the stay home movement More than 1,000 people died of coronavirus in the U.S. on Wednesday, bringing the U.S. death toll to over 5,000. Several states joined the stay-home movement. In Los Angeles, the mayor has urged residents to wear masks. And in New York, a former police commissioner was brought back to serve as the medical … [Read more...]