Coronavirus Pandemic Prompts US National Emergency
U.S. President Donald Trump has declared a national emergency, clearing the way for more federal aid to stream to states and cities to combat the coronavirus pandemic.
US News
Fed Announces Huge Capital Injection to Try to Stabilize Markets
The U.S. central banking system announced moves Thursday to stabilize the global financial system by putting $1.5 trillion into short-term lending markets, and the purchase of $60 billion in Treasury bonds to fuel the bond market.
Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash
Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve both failed to quell concerns over the economic slowdown stemming from the coronavirus, leading to a historic drop for the U.S. markets.
Federal Taxes and Spending Set Records Through February
The federal government set records for both the amount of taxes it collected and the amount of money it spent in the first five months of fiscal 2020 (October through February), according to data released today in the Monthly Treasury Statement.
Trump Suspends Travel Between US and Europe for 30 Days
President Donald Trump said Wednesday he is suspending all travel between the U.S. and Europe for 30 days beginning Friday as he seeks to combat a viral pandemic.
February job growth surpasses expectations, defies coronavirus fears
Nonfarm payrolls increased by 273,000 in February, surpassing economists’ 175,000 estimate. Unemployment also slightly dropped to 3.5 percent, matching its lowest level in more than 50 years, according to the latest report by the U.S. Department of Labor.
Stocks rally following worst day in 12 years as Trump pushes payroll tax cut
U.S. stocks rallied at opening Tuesday, recouping some of Monday’s losses after President Trump floated a payroll tax holiday to stimulate economic growth against the coronavirus.
Coronavirus causes some US schools to close as State Department issues travel warnings
Serious measures against the spread of the coronavirus are being applied in multiple states, after falling stocks Monday caused all trading on Wall Street to temporarily cease and the US confirmed 550 cases across 20 states.
Dow sinks 2,000 points in worst day since 2008, S&P 500 drops more than 7%
The Dow Jones Industrial Average sank more than 2,000 points on Monday, its worst day since 2008, as fears about the spread of the new coronavirus and an oil price war sent investors scrambling out of stocks.
Near Record Employment: 159,759,000 Working in U.S.A.
Forty-five thousand more people were employed in February than in January, bringing the total number employed — 158,759,000– to the second highest level in the nation’s history.
U.S. Senate passes $8.3 billion response to spread of coronavirus
The U.S. Senate voted near unanimously Thursday to approve $8.3 billion in new spending on the U.S. government’s efforts to contain the spread of the novel coronavirus.
Chief Justice Roberts rebukes Schumer’s ‘dangerous’ comments about Gorsuch and Kavanaugh
Chief Justice John Roberts publicly condemned a top Democrat for threatening comments aimed at two justices as the Supreme Court considers a case on abortion.
House approves $8.3B to battle coronavirus
The House passed an $8.3 billion measure to fund the federal government’s response to the coronavirus outbreak, which has claimed 11 lives and infected more than 100 people in the United States.
Biden wins seven states on Super Tuesday, Sanders takes two – network projections
A resurgent Joe Biden was projected to win seven large states on Tuesday, and front-runner Bernie Sanders captured two states with several others too close to call on the biggest day of voting in the 2020 Democratic presidential nominating race.
Fed Makes Emergency Rate Cut to Shield US Economy From Coronavirus
The Federal Reserve, in a rare emergency step, cut short-term rates by half a percentage point on March 3 to protect the U.S. economy from the growing fallout of the global coronavirus outbreak.
Supreme Court to Hear Louisiana Case That Could Impact the Future of Abortion in the US
On Wednesday, the nation’s highest court takes up its first major abortion case since the confirmation of two new justices. Pro-life activists hope this will give the court a pro-life majority for the first time in decades and this case might have an impact on the future of abortion in America.
COVID-19 US Death Toll Climbs to 6, White House Releases Photo of Vice President Pence Praying with Coronavirus Task Force
The Associated Press has confirmed a sixth person has died in the United States from the coronavirus.
Coronavirus blame-game reaches epidemic proportions in 2020 presidential race
It’s hard to pinpoint exactly how or where it started, but the political blame-game over the coronavirus has proven highly contagious, spreading rapidly among Democrats and Republicans as it infects the 2020 election discourse.
Justices will begin March by hearing arguments over the legality of CFPB, a challenge to abortion
The justices will kick off the month of March by hearing arguments over the legality of the Consumer Financial Protection Bureau and a new challenge to abortion rights.
Border chief: Wall cuts illegal crossings 80%
A 20-mile section of new border wall built near El Paso, Texas, cut illegal crossings by more than 80%, the government’s top border official told Congress on Thursday.