Dr. Anthony Fauci on Monday tried to clarify comments he made in a Sunday interview about the Trump administration’s coronavirus response, and said he used a “poor choice of words.” At a White House news conference, Fauci, a health-policy adviser to Trump, said he wanted to clear up an answer …
Read More »Economic Report: U.S. manufacturers see biggest plunge in new orders and employment in 11 years, ISM finds
The numbers: American manufacturers began to feel the brunt of the coronavirus pandemic toward the end of March as new orders and employment fell to the lowest level since the end of the 2007-2009 Great Recession, a new survey of executives showed. The Institute for Supply Management said its manufacturing …
Read More »Capitol Report: House set to pass $2 trillion coronavirus stimulus package today, but Kentucky Republican’s move may delay voting
The House on Friday debated a $ 2 trillion coronavirus stimulus package to help the U.S. economy cope with the pandemic, and while the chamber is expected to pass the massive bill it may be through a slower voting process because of a Republican congressman’s objections. House Speaker Nancy Pelosi …
Read More »Capitol Report: Pelosi predicts House will pass $2 trillion coronavirus bill with ‘strong bipartisan vote’
Mark Wilson/Getty Images House Speaker Nancy Pelosi U.S. House Speaker Nancy Pelosi on Thursday predicted speedy passage for a $ 2 trillion economic package aimed at cushioning the effects of the coronavirus on Americans, as she planned a vote for Friday. “I feel certain that we will have a strong …
Read More »Capitol Report: Lawmakers and White House agree to $2 trillion coronavirus stimulus bill after marathon negotiations
Senior lawmakers and members of the Trump administration early Wednesday came to an agreement on a massive stimulus measure to try to keep Americans whole as the economy shuts down due to the coronavirus. “Ladies and gentlemen, we are done. We have a deal,” White House aide Eric Ueland announced …
Read More »Economic Report: U.S. businesses dealt severe blow in March from coronavirus and slip toward recession
Getty Images The coronavirus is killing Americans and devastating the economy. The numbers: Business in the U.S. posted the biggest contraction in March since the end of the Great Recession owing to massive disruptions caused by the coronavirus. A “flash” reading by the forecasting firm IHS Markit showed a small …
Read More »Capitol Report: Biden racks up string of Super Tuesday wins as Sanders takes California
AFP/Getty Images Former Vice President Joe Biden arrives onstage with his wife Jill and sister Valerie for a Super Tuesday event in Los Angeles on March 3. Joe Biden scored a string of victories across the country in Super Tuesday Democratic primaries, battling for delegates with Bernie Sanders as his …
Read More »Capitol Report: COVID-19 and the economy: Fed cuts interest rates to combat damage from virus
How badly is the coronavirus epidemic damaging the global economy? How much is the resulting COVID-19 illness hurting U.S. businesses and consumers? Here’s an ongoing MarketWatch update on what the economic VIPs are saying. • The Federal Reserve on Tuesday cut a key U.S. interest rate by 1/2 a percentage …
Read More »Capitol Report: Congress works on providing $6 billion to $8 billion to fight coronavirus
U.S. lawmakers are working to provide between $ 6 billion and $ 8 billion in emergency funding to fight the coronavirus causing the COVID-19 epidemic, according to multiple published reports citing unnamed sources. A vote by the Democratic-led House on the spending package is expected to come as soon as …
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