U.S. News

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.

The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.

The coronavirus pandemic has now resulted in 50,000 infections across the United States.

Ford Motor Company is teaming with major medical and healthcare groups to boost the production of medical gear for the protection of those providing critical services amid the COVID-19 outbreak.

The Trump administration is cracking down on the hoarding of medical equipment in the midst of the coronavirus pandemic.

Many provisions in the failed Senate bill touted as an essential aid to help those on the front lines battling the coronavirus includes a litany of pork barrel spending that is totally unrelated to emergency relief for the virus, critics contend.

The Food and Drug Administration temporarily relaxed regulations on manufacturing regulators to give private companies more flexibility to build medical supplies needed to combat the coronavirus.

Republicans erupted in anger and opposition Monday after House Speaker Nancy Pelosi released an economic relief package the GOP characterized as stuffed with liberal agenda items unrelated to the coronavirus crisis.

President Donald Trump on Sunday announced that he has activated the National Guard in California, New York, and Washington state in order to combat the spread of the coronavirus. The administration emphasized that the deployment of guard members is not martial law.

The Federal Reserve unveiled a host of programs on Monday in order to stabilize the markets in the midst of the coronavirus crisis, which some termed, “quantitative easing to infinity.”

The Food and Drug Administration approved a coronavirus test that will give results in less than an hour.

The United States announced Friday it has successfully tested an unarmed prototype of a hypersonic missile, a nuclear-capable weapon that could accelerate the arms race between superpowers.

President Donald Trump said Friday he’s activated his authority under the Defense Production Act (DPA) to help protect the country to require certain manufacturers to produce much-needed health care equipment.

Talks between Democrats and Republicans for a massive funding package to combat the impact of coronavirus have stalled, as lawmakers spar over issues like worker protections and funding for states battling the crisis.

Treasury Secretary Steven Mnuchin said Sunday that the Federal Reserve will play a key role in lending funds to businesses hurt by the coronavirus pandemic.

Senate Republicans on Thursday announced a $1 trillion stimulus plan to combat the economic damage caused by the effort to control the coronavirus.

A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a record 1.5 million or more next week, economists warned on Thursday.

More than half of U.S. small businesses will close within three months if the coronavirus crisis is not solved.

The number of people claiming unemployment has spiked significantly, with a new Department of Labor report claiming that a 33 percent week-to-week increase is the highest since the Great Recession.

President Trump Thursday continued to negotiate a one trillion dollar stimulus package for the economy that would see half a trillion dollars sent out to individual Americans within nine weeks.