U.S. News

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DOJ office finds errors in audit of FBI’s surveillance applications
Posted on:Tuesday, March 31, 2020

The Department of Justice’s Office of the Inspector General has found errors in an audit of the FBI’s compliance with factual accuracy review procedures for 29 Foreign Intelligence Surveillance Act applications.

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S&P 500 heads for worst first quarter since 1938
Posted on:Tuesday, March 31, 2020

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.

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Newly established US Space Force launches first security mission
Posted on:Tuesday, March 31, 2020

The recently established United States Space Force has launched its first national security space mission. Amidst precautions pertaining to the coronavirus pandemic, a United Launch Alliance (ULA) Atlas V rocket carrying a Lockheed Martin Advanced Extremely High Frequency (AEHF-6) satellite took off from Cape Canaveral on 26 March.

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Judges order Texas and Ohio to allow abortions during coronavirus pandemic
Posted on:Monday, March 30, 2020

Federal judges have ordered Texas and Ohio to allow abortions to continue during the coronavirus pandemic after lawsuits from Planned Parenthood.

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FDA Approves Emergency Use of Anti-Malarial Drugs to Treat People Infected with COVID-19
Posted on:Monday, March 30, 2020

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.

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Moody’s cuts outlook on $6.6 trillion US corporate debt pile to ‘negative’
Posted on:Monday, March 30, 2020

Moody’s Investors Service has cut its outlook on corporate debt to negative, saying that an economy about to tip into recession because of the coronavirus will result in rising default rates.

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‘Historic moment’: Company plans to produce millions of 5-minute coronavirus tests
Posted on:Monday, March 30, 2020

A company heralded by President Trump in the fight against the coronavirus says it plans to start mass-producing rapid COVID-19 tests this week.

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Maryland joins with more than half of U.S. states enacting mandatory lockdowns
Posted on:Monday, March 30, 2020

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.”

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Why coronavirus antibody testing in one Colorado town could provide a way forward
Posted on:Sunday, March 29, 2020

United Biomedical is now working with San Miguel County, which includes the famous Rocky Mountain ski destination, to test all 8,000 residents for COVID-19 antibodies — making it the first community in the country to do widespread antibody testing. The idea, officials said, is to learn from an individual’s blood whether there is evidence the person has already been exposed. With that information, officials can then make decisions about whether quarantines and restrictions would need to continue and whether they need to be as widespread as they are in states and cities across the country right now.

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Hospital Ship Rushing To New York Amid Coronavirus Pandemic
Posted on:Sunday, March 29, 2020

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 Trump signs $2 trillion coronavirus stimulus package
Posted on:Saturday, March 28, 2020

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.

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Real ID deadline delayed one year amid coronavirus pandemic
Posted on:Thursday, March 26, 2020

The requirement for Americans to obtain a Real ID for travel will be delayed one year, the Department of Homeland Security (DHS) announced Thursday.

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New Orleans emerges as next coronavirus epicenter, threatening rest of South
Posted on:Thursday, March 26, 2020

New Orleans is on track to become the next coronavirus epicenter in the United States, dimming hopes that less densely populated and warmer-climate cities would escape the worst of the pandemic, and that summer months could see it wane.

Mnuchin indicates federal government could take stakes in airlines for government grants
Posted on:Thursday, March 26, 2020

Treasury Secretary Steven Mnuchin signaled on Thursday that the federal government could take stakes in airlines in exchange for the billions of dollars that have been set aside for the beleaguered industry in Congress’s $2 trillion coronavirus stimulus package.

Senate sends House $2 trillion coronavirus bill; vote expected Friday
Posted on:Thursday, March 26, 2020

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.

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3.3 million file unemployment claims in U.S., five times over prior record
Posted on:Thursday, March 26, 2020

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.

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Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
Posted on:Wednesday, March 25, 2020

The coronavirus crisis has brought another first to U.S. financial markets — negative yields on government debt.

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Sentiment builds for moving U.S. companies out of China
Posted on:Wednesday, March 25, 2020

American companies that produce essential goods in China should plan to shift their operations back to the United States or other Western countries, according to a senior Republican lawmaker.

White House, Senate Strike Historic $2 Trillion Economic Relief Bill
Posted on:Wednesday, March 25, 2020

The Senate announced a bipartisan agreement on an unprecedented $2 trillion coronavirus relief package for workers and businesses.

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Coronavirus Stimulus Offered By House Financial Services Committee Creates New Digital Dollar
Posted on:Tuesday, March 24, 2020

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.

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