COVID-19 and the Economy

Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.

Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.

Farmers, ranchers and producers would receive $16 billion in direct payments from the program, while $3 billion would be dedicated to the purchase of food products to be distributed to Americans in need.

The Dow Jones Industrial Average soared by as many as 612 points, or 2.6 percent while the S&P 500 and Nasadaq Composite climbed by 2.2 percent and 1.5 percent, respectively.

“We’re starting our life again,” Trump said during his daily press briefing.

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.

The president made his remarks on Wednesday.

Most Americans can expect to see a payment of $1,200 and up -- but experts say we're more likely to fall victim to scammers trying to steal our money.

U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.

The country’s top infectious disease expert says the economy in parts of the country could have a “rolling reentry” as early as next month.

More than 1 in 10 American workers have lost jobs amid the coronavirus, underscoring the growing damage the crisis is taking on the world’s economy.