Christopher S. Rugaber

U.S. relief checks begin arriving as economic damage piles up

April 15, 2020 at 12:15 p.m.

WASHINGTON -- Government relief checks began arriving in Americans鈥� bank accounts as the economic damage to the U.S. from the coronavirus piled up Wednesday and sluggish sales at reopened stores...

With commerce frozen, retail sales plunge unprecedented 8.7%

April 15, 2020 at 7:36 a.m.

U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak forces an almost complete lock down of commerce nationwide.

Jobless claims report Thursday could hit 7 million or higher

April 8, 2020 at 3:29 p.m.

The government is set to report another shocking level of unemployment claims Thursday even after nearly聽10 million people聽applied for benefits in the previous two weeks because of business shutdowns from...

Vincent Amos, who identified himself ...

U.S. unemployment claims hit record 6.6 million last week as layoffs mount amid coronavirus

April 9, 2020 at 6:24 a.m.

More than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high set just last week, a sign that layoffs are accelerating in the midst of...

U.S. unemployment claims soar to 3.3 million 鈥� quadrupling record from 1982 鈥� as layoffs from coronavirus engulf economy

May 7, 2020 at 3:58 p.m.

Nearly 3.3 million Americans applied for unemployment benefits last week — more than quadruple the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

Federal Reserve to buy unlimited government debt and lend to businesses

March 23, 2020 at 9:48 a.m.

In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also...

Chris Jarrett walks along the popular ...

Government issues historic restrictions amid coronavirus outbreak

March 17, 2020 at 7:33 a.m.

Shutdowns swept across the United States, with nearly 7 million people in the San Francisco area all but confined to their homes Tuesday, even as spring break crowds flooded a...

Federal Reserve Chair Jerome Powell speaks ...

What did the Federal Reserve do Sunday and why?

March 16, 2020 at 7:34 a.m.

Brandishing an array of financial weapons, the Federal Reserve announced extraordinary action Sunday to try to blunt the heavy damage the coronavirus outbreak has begun to inflict on the U.S....

Federal Reserve Chair Jerome Powell pauses ...

Fed takes emergency steps to slash rates and ease bank rules

March 15, 2020 at 4:34 p.m.

The Federal Reserve took emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion...

Fed slashes rates to near zero, eases bank lending rules

March 15, 2020 at 3:26 p.m.

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to...

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