Government business and finance

FILE - In this Monday, March 16, 2020, file photo, pedestrian traffic is light along Wall Street in Lower Manhattan in New York. The banking system is not as risk of failing as banks have plenty of capital on hand to handle this crisis due to the new coronavirus, economists say. (AP Photo/Craig Ruttle, File)
March 24, 2020 - 2:44 pm
NEW YORK (AP) — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic crisis caused by the coronavirus outbreak. Banks are scrambling to put into place loan forgiveness and relief programs, working to keep their...
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FILE - In a June 3, 2014, photo, the Paradise Fossil Plant stands in Drakesboro Ky. (AP Photo/Dylan Lovan, File)
March 24, 2020 - 1:21 pm
DRAKESBORO, Ky. (AP) — President Donald Trump tried to stop it from happening. The top Republican in the Senate, Mitch McConnell, did too. Despite their best efforts to make good on Trump’s campaign promise to save the beleaguered coal industry, including an eleventh-hour pressure campaign, the...
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FILE - This undated file photo provided by the Bentley Historical Library at the University of Michigan shows Dr. Robert E. Anderson. A University of Michigan hotline has received more than 100 “unique complaints” about Dr. Anderson, a late physician accused of sexual abuse by former patients, including athletes who encountered him as a team doctor, the school announced Friday, Feb. 28, 2020. He died in 2008. (Robert Kalmbach/Bentley Historical Library, University of Michigan via AP)
March 24, 2020 - 10:40 am
ANN ARBOR, Mich. (AP) — The University of Michigan has hired a new law firm to lead the investigation into allegations that a deceased team doctor molested hundreds of people. The school said Tuesday that WilmerHale has replaced Steptoe & Johnson, which it cut ties with two weeks ago after...
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President Donald Trump gestures as he asks a question to Dr. Deborah Birx, White House coronavirus response coordinator, during a briefing about the coronavirus in the James Brady Briefing Room, Monday, March 23, 2020, in Washington. (AP Photo/Alex Brandon)
WBEN Newsroom
March 24, 2020 - 6:34 am
WASHINGTON (AP) — As cases of coronavirus rise, President Donald Trump said that he wants to reopen the country for business in weeks, not months, and claimed, without evidence, that continued closures could result in more deaths than the pandemic itself. "We can’t have the cure be worse than the...
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In this March 23, 2020 photo released by Xinhua News Agency, workers disinfect a subway train in preparation for the restoration of public transport in Wuhan, in central China's Hubei province. China's health ministry says Wuhan has now gone several consecutive days without a new infection, showing the effectiveness of draconian travel restrictions that are slowly being relaxed around the country. (Xiao Yijiu/Xinhua via AP)
March 24, 2020 - 5:37 am
BEIJING (AP) — Chinese authorities said Tuesday they will end a two-month lockdown of most of coronavirus-hit Hubei province at midnight, as domestic cases of the virus continue to subside. People with a clean bill of health will be allowed to leave, the provincial government said. The city of...
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Senate Majority Leader Mitch McConnell of Ky. speaks to reporters outside the Senate chamber after Democrats blocked a coronavirus aid package on Capitol Hill, Monday, March 23, 2020, in Washington. (AP Photo/Andrew Harnik)
WBEN Newsroom
March 24, 2020 - 5:31 am
WASHINGTON (AP) — Top congressional and White House officials emerged from grueling negotiations at the Capitol over the nearly $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday. Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer said they...
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FILE - In this March 16, 2020 file photo, trader Peter Tuchman works on the floor of the New York Stock Exchange. Trading on the NYSE went all-electronic for the first time Monday, March 23 after the exchange temporarily closed its trading floor as a precaution after two employees tested positive last week for the coronavirus. “Things are sort of seamless, as far as speed and execution go,” said Tuchman. He's usually on the NYSE floor trading for Quattro Securities but now working from home. (AP Photo/Craig Ruttle, File)
March 23, 2020 - 11:53 pm
BEIJING (AP) — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. Market benchmarks in Tokyo and South Korea rose nearly 7% while Shanghai, Hong Kong and Australian markets...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak. (AP Photo/Jacquelyn Martin, File)
March 23, 2020 - 9:09 pm
WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed...
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Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris & Sam's Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker's order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. 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. The vast majority of people recover from the new virus. (AP Photo/Steven Senne)
WBEN Newsroom
March 23, 2020 - 4:55 pm
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Following are business developments Monday related to the outbreak as governments attempt to stabilize their economies, companies struggle to cope and millions of people...
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March 23, 2020 - 2:03 pm
CHICAGO (AP) — You won't get a check in the mail for filling out this year's census as claims circulating on social media suggest. The inaccurate posts on sites including Facebook and Twitter urge people to respond to the census. They claim if you do so you will receive one of the stimulus checks...
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