UK economic bounceback in May far slower than anticipated
The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country’s deepest recessions in centuries…
US budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into…
A US recession began in February in the face of coronavirus
The U.S. economy entered a recession in February, a group of economists declared Monday, ending more than a decade of steady if slow growth By CHRISTOPHER RUGABER AP Economics Writer…
Powell warns of a possible sustained recession from pandemic
WASHINGTON — 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…
`LIBERATE!’: Trump pushes states to lift virus restrictions
WASHINGTON — President Donald Trump urged supporters to “LIBERATE” three states led by Democratic governors Friday, apparently encouraging protests against stay-at-home restrictions. Some states under Republican leadership edged toward easing…
New York area walloped as global virus deaths pass 100,000
NEW YORK — The worldwide death toll from the coronavirus surged past 100,000 Friday as the epidemic in the U.S. cut a widening swath through not just New York City…
Buddy, can you spare a dime? Echoes of ’30s in viral crisis?
WASHINGTON — The imagery floats in sepia-colored photographs, faintly recalled images of bedraggled people lined up for bread or soup. Shacks in Appalachian hollows. Ruined investors taking their lives in…