Economy

Senate Majority Leader Mitch McConnell of Ky., wears a face mask to protect against the spread of the new coronavirus as he walks to the Senate chamber after meeting with Vice President Mike Pence and Treasury Secretary Steve Mnuchin on Capitol Hill in Washington, Tuesday, May 19, 2020. (AP Photo/Patrick Semansky)
May 22, 2020 - 8:23 am
WASHINGTON (AP) — Reconsideration of jobless aid is fast becoming the focus of congressional debate over the next virus aid package Republicans are staking out plans to phase out coronavirus-related unemployment benefits to encourage Americans to go back to work, although it's not clear when there...
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Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)
May 22, 2020 - 7:32 am
BEIJING (AP) — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but avoided launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang told lawmakers Beijing would set no economic growth...
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This image released by Damien Escobar shows Escobar with medical staff at Queens Hospital in the Queens borough of New York. Many people are reaching out to help others during the pandemic, and some say it's helping them regain a sense of control in their lives. Escobar, a contemporary violinist based in New York, has distributed protective equipment to first responders, raising $50,000 from a charity concert. He has pivoted to a new campaign, “Masks for the Masses,” to get masks to the homeless and low-income families. (Damien Escobar via AP)
May 22, 2020 - 2:54 am
NEW YORK (AP) — In April, as the coronavirus was ravaging New York, Susan Jones learned her older brother had been diagnosed with a blood cancer. His supervisor at work launched a GoFundMe page to help with costs, and Jones shared it on Facebook. What happened next stunned her. While Jones, who...
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FILE - In this March 18, 2020, file photo, thousands of Afghan refugees walk as they enter Afghanistan at the Islam Qala border crossing with Iran, in the western Herat Province. An international aid group says Friday, May 22, 2020 that some 661,000 people in 19 countries have been displaced by armed conflict in the two months since the U.N. secretary general called for a global cease-fire to help curb the coronavirus pandemic. The Norwegian Refugee Council says in a report Friday that the bulk of the newly displaced were in the Democratic Republic of Congo, but that large numbers were also uprooted in Yemen, Afghanistan, Chad and Niger. (AP Photo/Hamed Sarfarazi)
May 22, 2020 - 1:28 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — U.N. again urges global cease-fire to help tackle...
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FILE - In this Oct. 1, 2019, file photo, soldiers from China's People's Liberation Army (PLA) Navy let out a yell as they march in formation during a parade to commemorate the 70th anniversary of the founding of Communist China in Beijing. China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday, May 22, 2020. (AP Photo/Mark Schiefelbein, File)
May 22, 2020 - 1:00 am
BEIJING (AP) — China will increase its defense spending by 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday. The figure is down from the double-digit percentage increases of just a few years ago that have...
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A woman rides an empty subway Thursday, May 21, 2020, in Tokyo. Tokyo is still under a coronavirus state of emergency until the end of May though there have been no hard lockdowns. (AP Photo/Eugene Hoshiko)
May 21, 2020 - 11:45 pm
TOKYO (AP) — Japan's central bank said Friday it will provide some 30 trillion yen ($280 billion) to banks for financing small and medium-size businesses battling economic hardships brought on by the coronavrius pandemic. The Bank of Japan will start providing funding to the banks in June, it said...
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A woman walks past a store advertising sales at 70 percent off, Thursday, May 21, 2020, in Cleveland. More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent the economy into a deep recession. (AP Photo/Tony Dejak)
May 21, 2020 - 10:52 pm
WASHINGTON (AP) — The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their economies and let people go back...
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Zhang Youxia, vice chairman of China's Central Military Commission, attends the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)
May 21, 2020 - 9:56 pm
BEIJING (AP) — Thousands of delegates from across China are in Beijing for this year’s annual session of the country’s rubber-stamp legislature and its advisory body, meetings delayed by more than two months because of the coronavirus outbreak. The National People’s Congress session is more a...
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FILE - In this Thursday, April 2, 2020 file photo a sign explains the closure of a shop in the Pike Place Market in Seattle. As the coronavirus outbreak has caused record number of people to seek unemployment benefits Washington state officials said Thursday that impostors have used the stolen information of tens of thousands of people to receive hundreds of millions of dollars in unemployment benefits. (AP Photo/Elaine Thompson,File)
May 21, 2020 - 9:03 pm
OLYMPIA, Wash. (AP) — Impostors have used the stolen information of tens of thousands of people in Washington to fraudulently receive hundreds of millions of dollars in unemployment benefits, the head of the state’s Employment Security Department said Thursday. Commissioner Suzi LeVine said the...
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FILE - In this April 20, 2020, file photo, a farmer is silhouetted by the setting sun as a field is planted near Walford, Iowa. U.S. farmers across the nation leaned more heavily upon the federal government last year to finance their agricultural operations amid low commodity prices and trade disputes, and more of the money they borrowed from taxpayers is now delinquent. (Jim Slosiarek/The Gazette via AP, File)
May 21, 2020 - 8:35 pm
BELLE PLAINE, Kan. (AP) — Farmers across the nation leaned more heavily upon the federal government last year to finance their agricultural operations amid low commodity prices and trade disputes, and more of the money they borrowed is now delinquent. Although the U.S. Agriculture Department said...
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