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Tag Archives: Trump coronavirus

Trump: Virus shows he was ‘right’ as he highlights supplier

President Donald Trump says the coronavirus pandemic showed he was “right” about the importance of U.S. manufacturing and moving supply chains out of China, as he blamed that country anew for not doing enough to slow the pandemic. “Everything I ...

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US immunologist warns of ‘darkest winter’ if virus rebounds

America faces the “darkest winter in modern history” unless leaders act decisively to prevent a rebound of the coronavirus, says a government whistleblower who alleges he was ousted from his job after warning the Trump administration to prepare for the ...

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Powell warns of a possible sustained recession from pandemic

Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken ...

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AP Exclusive: CDC guidance more restrictive than White House

Advice from the top U.S. disease control experts on how to safely reopen businesses and institutions during the coronavirus pandemic was more detailed and restrictive than the plan released by the White House last month. The guidance, which was shelved ...

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Fauci warns of ‘suffering and death’ if US reopens too soon

Dr. Anthony Fauci, the nation’s top infectious disease expert, warned  Congress that reopening the economy too soon during the  coronavirus pandemic will result in “needless suffering and death.” Fauci testified Tuesday to a Senate panel. His testimony comes as President ...

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AP-NORC poll: Majority disapprove of coronavirus protests

A majority of Americans disapprove of protests against restrictions aimed at preventing the spread the coronavirus, according to a new poll that also finds the still-expansive support for such limits — including restaurant closures and stay-at-home orders — has dipped ...

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Jobless rate spikes to 14.7 percent, highest since Great Depression

The U.S. unemployment rate hit 14.7 percent in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done ...

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College class of 2020 will graduate into wobbly economy

With graduation looming, the future is looking a lot less bright than it did just a few months ago for college seniors. They are entering a job market flooded with tens of millions of workers who have lost their jobs ...

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Loan program is short-term fix, not cure-all, for businesses

A mannequin displays fashion masks for shoppers the buy at the Highland Park Village shopping center in Dallas. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. AP Photo by LM Otero

The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say ...

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