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Senate, White House reach $2 trillion stimulus deal to blunt coronavirus fallout

March 25, 2020

WASHINGTON - Senate leaders and the Trump administration reached agreement early Wednesday on a $2 trillion stimulus package to rescue the economy from the coronavirus assault, setting the stage for swift passage of the massive legislation through both chambers of Congress.

Negotiations intensify on Capitol Hill over massive stimulus legislation as coronavirus fallout worsens

March 19, 2020

WASHINGTON - The Trump administration and congressional leaders rushed on Wednesday to assemble a massive stimulus package aimed at preventing the U.S. economy from plummeting into its worst collapse since the Great Depression, as fears about the coronavirus pandemic brought much of American life to a standstill.

U.S. economy expected to lose 4.6 million travel-related jobs this year from coronavirus fallout

WEDNESDAY, MARCH 18, 2020

The United States is expected to lose 4.6 million travel-related jobs this year as the coronavirus outbreak levies an $809 billion blow to the economy, according to startling projections released Tuesday by the U.S. Travel Association.

Trump officials discuss tax cuts, other emergency measures in hopes of tackling coronavirus fallout

SATURDAY, FEBRUARY 29, 2020

WASHINGTON - Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, as the stock market fell sharply again on Friday amid international fears about the outbreak, according to five people with knowledge of the planning.

Dow sinks as coronavirus fallout continues

SATURDAY, FEBRUARY 22, 2020

U.S. stock markets ended the week down, as signs of the coronavirus' chilling effect on the global economy continued to surface in earnings and manufacturing data.

Global markets shudder as Apple's warning deepens coronavirus fallout

TUESDAY, FEBRUARY 18, 2020

Global stocks took a downturn Tuesday after Apple said the coronavirus would keep it from hitting revenue goals this quarter, signaling to investors that deepening supply chain cracks in China stand to weaken some of the world's most powerful companies and take a bite out of growth.

Multinational firms scramble to deal with coronavirus fallout in China as economic impact mounts

WEDNESDAY, JANUARY 29, 2020

A growing number of multi-national companies are moving swiftly to reroute or temporarily close their operations in China as the coronavirus outbreak intensified. The global economic impact of the virus was still difficult to determine, but companies appeared to be pulling back at a much greater frequency on Wednesday out of fear that things will only worsen.

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