Economic policy

Treasury Secretary Steven Mnuchin wears a mask as he walks on the grounds of the White House, Thursday, May 14, 2020, in Washington. (AP Photo/Alex Brandon)
May 18, 2020 - 2:43 pm
WASHINGTON (AP) — The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue law passed in response to the coronavirus crisis, a congressional oversight panel says in a new report. The Treasury fund is being used to guarantee new...
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In this photo taken on Saturday, May 9, 2020, a patient suspected of having the coronavirus infection breathes with the aid of an oxygen mask at the regional hospital in Chernivtsi, Ukraine. The hospital lacks a centralized oxygen supply and has to rely mostly on refillable oxygen masks, reflecting a pitiful state of Ukraine's underfunded health care system that was quickly overwhelmed by the coronavirus even with a relatively low number of infections. (AP Photo/Evgeniy Maloletka)
May 18, 2020 - 2:14 am
CHERNIVTSI, Ukraine (AP) — A breathing machine at a Ukrainian hospital breaks down, leaving a coronavirus patient gasping helplessly for air. Dr. Olha Kobevko rushes from room to room to see if there is an electrician among her other patients who can fix it. Eventually, she figures out a way to get...
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Migrant workers from other states trying to return to their homes wait for transportation to a train station in Ahmedabad, India, Sunday, May 17, 2020. Tens of thousands of migrant laborers have been returning from big cities to their villages after losing jobs because of a countrywide lockdown imposed in late March to contain the spread of the coronavirus. (AP Photo/Ajit Solanki)
May 17, 2020 - 8:40 am
NEW DELHI (AP) — India on Sunday extended its nearly 2-month-old lockdown by two weeks after reporting nearly 5,000 new coronavirus cases, but said restrictions could be eased in low-risk areas to boost economic activity. After surpassing China on Saturday, India now has the most confirmed virus...
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European Union's chief Brexit negotiator Michel Barnier speaks during a media conference, following the third round of Brexit talks between the EU and Britain, at EU headquarters in Brussels, Friday, May 15, 2020. Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.(Francois Lenoir, Pool Photo via AP)
May 15, 2020 - 6:09 am
BRUSSELS (AP) — Talks between the European Union and the United Kingdom on their post-Brexit relationship ground to a near-standstill Friday, with each side accusing the other of blocking progress on a trade deal just weeks before a crucial summit. The EU's chief negotiator, Michel Barnier, told a...
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In this May 14, 2019 photo, packages of frozen beef filets from Australia, left, the United States, center, and Canada, right, are for sale at a supermarket in Beijing. China has too much at stake to destroy its trading relationship with Australia entirely but is using sanctions to send a sharp warning to the South Pacific nation about its calls for a robust coronavirus inquiry, an expert says. China has suspended beef imports from four Australian slaughterhouses and is threatening to impose huge tariffs on barley after Australia called for independent inquiry into the origins of the virus. (AP Photo/Mark Schiefelbein)
May 15, 2020 - 3:45 am
WELLINGTON, New Zealand (AP) — Trying to silence criticism over the coronavirus pandemic, China is deploying a well-used weapon — trade sanctions. Beijing has blocked some imports of Australian beef after Prime Minister Scott Morrison’s government, endorsed by Washington, called for a robust...
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A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)
Associated Press
May 14, 2020 - 2:04 pm
WASHINGTON (AP) — Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak forced more companies to slash jobs even though most states have begun to let some businesses reopen. Roughly 36 million people have now sought jobless aid in just the two...
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An elderly man recovers from a respiratory illness in a special section built for COVID-19 patients at the INERAM, a hospital specializing in respiratory diseases, in Asuncion, Paraguay, Wednesday, May 13, 2020. Paraguay is one of the least hit countries by COVID-19, with 11 deaths confirmed by the Health Ministry. (AP Photo/Jorge Saenz)
May 13, 2020 - 7:53 pm
U.S. states are beginning to restart their economies after months of paralyzing coronavirus lockdowns, but it could take weeks until it becomes clear whether those reopenings will cause a spike in COVID-19 cases, experts said Wednesday. The outbreak’s trajectory varies wildly across the country,...
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FILE - In this May 12, 2020, file photo, a teacher removes students’ artwork from a bulletin board as she packs the art in her kindergarten classroom at an elementary school in Olathe, Kan. The coronavirus is proving ruinous to state budgets, forcing many governments to consider once-unthinkable cuts to schools, universities, health care programs and a wide array of other basic functions. (AP Photo/Charlie Riedel, File)
May 13, 2020 - 7:00 pm
As the nation enters a third month of economic devastation, the coronavirus is proving ruinous to state budgets, forcing many governments to consider deep cuts to schools, universities, health care and other basic functions that would have been unthinkable just a few months ago. Many states expect...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. Powell provided a bleak outlook for the U.S. economy in remarks Wednesday, May 13, and urged Congress and the White House to act further to offset the damage from the viral outbreak. (AP Photo/Jacquelyn Martin, File)
May 13, 2020 - 1:48 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken far-reaching steps to try to...
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May 13, 2020 - 9:48 am
OMAHA, Neb. (AP) — U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions. Although the situation could cause concern...
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