WASHINGTON — As projections of the coronavirus death toll soar, forecasts for the ensuing economic carnage have also quickly turned much darker — both for the depth and duration of the damage. Where only days…
WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — more than quadruple the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge…
WASHINGTON — President Donald Trump and some of the nation’s most prominent governors plunged into heated debate Tuesday over how much death they’re willing to risk in order to get the economy running again during…
As the COVID-19 crisis deepens, my fellow economists have reached deep into their bare cupboards of old ideas, and what have they found? Models that do not work: bailouts for big companies. Tax cuts for…
If there’s a lesson to be learned from the COVID-19 pandemic, it’s that Americans are left uniquely unprepared for such a crisis because our federal and state governments do a lousy job protecting us. Two…
WASHINGTON (AP) — Top congressional and White House officials say they expect to reach a deal today on a nearly $2 trillion measure aimed at easing the economic damage inflicted by the coronavirus pandemic. Treasury…
NEW YORK (AP) — The vicious swings keep coming for the stock market, and the S&P 500 sank more than 5% in early trading today to erase most of the prior’s day respite. Markets have…
How much control does the president have over the U.S. economy? Not nearly as much as President Donald Trump claims when the news is good. And not nearly as much as Trump’s critics claim when…
NEW YORK (AP) — Stocks are sinking sharply again Wednesday, nearly wiping out a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. Another big central bank…
DAVOS, Switzerland President Donald Trump sharpened his break from the international community at the World Economic Forum on Tuesday, boasting about fossil fuel production and American economic success at a summit dedicated to fighting…