Economic stimulus

Senate Minority Leader Chuck Schumer, D-N.Y., left, and Speaker of the House Nancy Pelosi, D-Calif., call on Senate Majority Leader Mitch McConnell, R-Ky., to bring the Democrats' HR-1 "For the People Act" to the floor for a vote, during an event on Capitol Hill in Washington, Tuesday, March 10, 2020. (AP Photo/J. Scott Applewhite)
March 11, 2020 - 3:46 pm

Congress, White House move swiftly on virus efforts

WASHINGTON (AP) — Congress is quickly unveiling a coronavirus aid package while President Donald Trump is considering a national disaster declaration and new travel advisories as Washington raced Wednesday to confront the outbreak that's moving dramatically across the country and disrupting the...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, and Speaker of the House Nancy Pelosi, D-Calif., call on Senate Majority Leader Mitch McConnell, R-Ky., to bring the Democrats' HR-1 "For the People Act" to the floor for a vote, during an event on Capitol Hill in Washington, Tuesday, March 10, 2020. (AP Photo/J. Scott Applewhite)
March 11, 2020 - 3:35 pm

Congress, White House move swiftly on virus efforts

WASHINGTON (AP) — Congress is quickly unveiling a coronavirus aid package while President Donald Trump is considering a national disaster declaration for the U.S. as Washington raced Wednesday to confront the outbreak that's moving dramatically across the country and disrupting the daily lives of...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, and Speaker of the House Nancy Pelosi, D-Calif., call on Senate Majority Leader Mitch McConnell, R-Ky., to bring the Democrats' HR-1 "For the People Act" to the floor for a vote, during an event on Capitol Hill in Washington, Tuesday, March 10, 2020. (AP Photo/J. Scott Applewhite)
March 11, 2020 - 2:07 pm

Pelosi to unveil virus aid as GOP signals possible support

WASHINGTON (AP) — Speaker Nancy Pelosi is moving swiftly toward House passage of a coronavirus aid package possibly this week as Congress rebuffs President Donald Trump's proposed payroll tax break and focuses on immediate sick pay, unemployment benefits and other resources for America's workers...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
March 11, 2020 - 9:59 am

Stocks fall again on Wall Street as wild swings continue

NEW YORK (AP) — Stocks are sinking again Wednesday, wiping out more than half of a huge rally from a day earlier as Wall Street continues to be hit by wild swings. Another big central bank made an emergency cut to interest rates in hopes of blunting the economic pain caused by the coronavirus,...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 9:38 am

Stocks open sharply lower on Wall Street; Dow off 580 points

NEW YORK (AP) — THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below: European stock markets edged up Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 0.8% to 4,673, while Germany's DAX...
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A woman walks past the Basilica of Santo Stefano, in Bologna, Italy, Wednesday, March 11, 2020. In Italy the government extended a coronavirus containment order previously limited to the country’s north to the rest of the country beginning Tuesday, with soldiers and police enforcing bans. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Massimo Paolone/LaPresse via AP)
March 11, 2020 - 8:33 am

Italy weighs tougher virus lockdown, boosts aid for economy

ROME (AP) — Italy mulled imposing even tighter restrictions on daily life and announced billions in financial relief Wednesday to cushion economic shocks from the coronavirus, its latest efforts to adjust to the fast-evolving health crisis that also silenced the usually bustling heart of the...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 8:04 am

World markets subdued amid virus worries, hope for help

TOKYO (AP) — European stock markets edged up Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 0.8% to 4,673, while Germany's DAX rose 0.6% to 10,537. Britain's FTSE 100 added 0.4% to 5,984. U.S...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 5:20 am

Global shares mixed as worries counter hope for fiscal steps

TOKYO (AP) — European markets opened higher Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 2.5% to 4,750.03, while Germany's DAX rose 2.3% to 10,712.97. Britain's FTSE 100 added 1.4% to 6,043.49...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 2:30 am

Asian shares decline despite hopes for economic relief

TOKYO (AP) — Stocks dropped in Asia on Wednesday despite gains on Wall Street on hopes the Trump administration will act to cushion the economic pain of the virus outbreak. Japan's benchmark Nikkei 225 lost 2.2% to 19,427.38. Australia's S&P/ASX 200 plunged 3.6% to 5,725.90. South Korea's Kospi...
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President Donald Trump, left, standing with Vice President Mike Pence and Treasury Secretary Steven Mnuchin, right, talks to reporters about the coronavirus outbreak on Tuesday, March 10, 2020, on Capitol Hill in Washington. (AP Photo/Susan Walsh)
March 10, 2020 - 3:36 pm

Trump pitches payroll tax relief to wary lawmakers

WASHINGTON (AP) — President Donald Trump pitched his proposed payroll tax break Tuesday on Capitol Hill as pressure mounts on the administration and Congress to work more vigorously to contain the coronavirus outbreak and respond to the financial fallout. Trump's economic team joined in presenting...
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