U.S. News

A day after a dramatic move in interest rates, the Federal Reserve on Monday increased the amount of liquidity it’s offering in short-term lending to the financial industry.

The Trump administration awarded a $175 million contract to a construction company to build 15 miles of border wall in an area of southeastern Texas where no barrier exists, according to the federal agency overseeing wall projects.

The Federal Reserve, saying ‘the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,’ cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.

The U.S. House early Saturday passed bipartisan legislation in response to the coronavirus pandemic.

At the close of business Friday, the Dow Jones Industrial Average was up 1,985 points to 23,186, nearly recouping Thursday’s more than 2,300-point loss. The S&P 500 gained 228 to 2,709 and the Nasdaq Composite was up by 672 points to 7,874.

Mexico could consider measures at its northern border to slow the spread of the coronavirus into its relatively unaffected territory, health officials said on Friday, with an eye to containing a US outbreak that has infected more than 2,000 people.

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.

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.

The U.S. House of Representatives voted this week to change the way the FBI and National Security Agency use the Foreign Intelligence Surveillance Act to conduct electronic surveillance of foreign nationals and agents in the United States. But President Donald Trump indicated Thursday that he might veto the bipartisan bill, saying he and his allies wanted more information about how the FBI’s investigation of alleged ties between his 2016 presidential campaign and Russia was launched.

Thursday’s massive sell-off has erased any remaining stock market gains made since President Trump’s 2016 election win.

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.

As researchers race to identify and unleash new scientific breakthroughs to combat the COVID-19 outbreak, the Energy Department’s Summit supercomputer is playing a role in the fight.

Major League Baseball is suspending spring training effective Thursday and plans to push back the start of the regular season as a result of the novel coronavirus pandemic.

The U.S. House of Representatives approved legislation on Wednesday to extend a divisive set of government surveillance tools, a major boost for efforts to reauthorize the program before it expires on Sunday.

The Supreme Court on Wednesday said it would allow the Trump administration to continue enforcing a policy that makes asylum-seekers wait in Mexico for court hearings in the United States.

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.

Former Vice President Joe Biden won primaries Tuesday in Michigan, Missouri, Idaho and Mississippi to take command of the Democratic presidential primaries.

The city of San Francisco and the states of Washington and Ohio will place a ban on significant gatherings of people in an effort to stem the tide of coronavirus, with the NCAA canceling fan attendance at its upcoming tournament games.

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.

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.