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Fear of moral hazard is imperiling federal aid to cash-strapped states

Moral hazard is always a concern when fighting economic and financial crises. This time its imperiling federal aid to cash strapped states

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McConnell signals interest in protecting employers from coronavirus litigation

Senate Majority Leader Mitch McConnell this week said he wanted to protect owners from litigation.

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Here’s how bad state budget shortfalls could get, as aid battle set to ramp up

States could experience crushing budget shortfalls worse than seen during the Great Recession as they grapple with the coronavirus crisis, experts are warning, as debate in Washington turns to the next round of emergency a...

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Trump signs into law $484 billion bill that replenishes coronavirus aid program for small businesses

President Donald Trump on Friday signs into law a $484 billion measure that provides additional money for a coronavirus aid program for small businesses, following the House’s approval of it on Thursday and the Senate’s OK...

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Trump says coronavirus could be thwarted by summer heat, citing DHS study

President Trump said Thursday evening that the spread of COVID-19 could be drastically slowed by the onset of warmer and more humid weather during a Coronavirus press briefing, citing data collected by the Department of H...

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Treasury gives big public companies until May 7 to return loans meant for small businesses

The Treasury Department on Thursday follows up on its pledge to get money back from big public companies that received loans meant for small businesses hurt by the coronavirus crisis.

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Larry Summers reportedly advising Biden’s campaign on economic policy

Former Treasury Secretary Larry Summers is advising Joe Biden’s presidential campaign on economic policy, according to a published report on Thursday.

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‘I’m going to keep my mask on’: House lawmakers disagree on exactly when to wear face masks

Members of Congress on Thursday find another matter to disagree on, as House lawmakers don’t see eye-to-eye on exactly when to wear face masks to reduce the spread of the coronavirus causing the disease COVID-19.

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Here’s how the coronavirus could sink Trump’s environmental deregulation push

The Trump administration’s rollback of what it says are burdensome wetland and auto regulations could run into an unexpected and powerful foe: the coronavirus.

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Next coronavirus aid package may not pass Congress until June as battle lines harden

The battle lines are hardening over Washington’s next legislative response to the coronavirus crisis, with top Democratic lawmakers calling for another big spending package while the leading Senate Republican is urging res...

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House postpones consideration of remote voting during coronavirus pandemic

The House of Representatives has postponed a plan to consider allowing its members to vote remotely during the coronavirus pandemic.

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Trump moves show it could be ‘politically life-threatening’ to provide coronavirus oversight, says former TARP watchdog

Congress is on track to allocate more than $2.5 trillion in new spending to help combat the COVID-19 epidemic, but in the month since the passage of the CARES Act there has almost no oversight of this spending, according t...

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Why the U.S. economy’s recovery from the coronavirus is likely to be long and painful

Some states are already trying to reopen for business and President Trump has repeatedly predicted growth will take off like a “rocket ship” once the coronavirus pandemic ends, but economists increasingly believe a recover...

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Trump says he supports more money for New York, other states in ‘Phase 4’ aid package

President Donald Trump speaks on Tuesday at the daily coronavirus briefing at the White House.

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Senate approves deal expanding aid for small businesses, hospitals hit by coronavirus pandemic

The U.S. Senate on Tuesday approved a nearly $500 billion aid package for small businesses and hospitals hit hard by the coronavirus pandemic, setting up a vote in the House of Representatives as President Donald Trump thr...

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Bernie Sanders still has $16.2 million in campaign cash — here’s what he can do with the money

Bernie Sanders this month became the last politician to drop out of the Democratic presidential race, leaving Joe Biden as the last man standing. Every departure triggers a financial question: What to do with any money lef...

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Trump seeks to add 75 million barrels of oil to Strategic Petroleum Reserve amid historic price crash

President Donald Trump said Monday the U.S. is “looking to” add as many as 75 million barrels of oil to the Strategic Petroleum Reserve, after an historic day for markets that saw crude prices turn negative.

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Here’s why big chains like Shake Shack got the coronavirus aid for small businesses

Operators of large restaurant and hotel chains were specifically granted the chance to get Paycheck Protection Program loans in the $2.2 billion aid package known as the CARES Act.

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Bill Gates has a big problem with Trump’s ‘dangerous’ decision to defund the World Health Organization

President Trump announced Tuesday at another contentious White House briefing that the U.S. would suspend funding to the World Health Organization, citing the group’s role in “severely mismanaging and covering up the sprea...

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Lawmakers signal that deal could be near to deliver more coronavirus aid to small businesses

U.S. lawmakers on Friday are giving signs they might reach a deal soon on providing more money for small businesses hit by the coronavirus crisis, in a development that would end a stalemate that has persisted for more tha...

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