The U.S. unemployment rate hit 14.7% 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 to a now-shattered economy.… MORE
With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark: More than one in 10 workers have lost their jobs in just the past three weeks to the coronavirus outbreak.… MORE
Sen. Bernie Sanders ended his presidential bid on Wednesday, making Joe Biden the presumptive Democratic nominee to challenge President Donald Trump in a general election campaign that will be waged against the backdrop of the coronavirus pandemic.… MORE
President Trump called American efforts to slow the spread of the coronavirus “a matter of life and death” and urged the public to heed his administration’s guidelines. “I want every American to be prepared for the hard days that lie ahead,” Trump said. “We’re going to go through a very tough two weeks.”… MORE
Bracing the nation for a grim death toll, President Donald Trump on Sunday extended the voluntary national shutdown for a month, bowing to public-health experts who told him the coronavirus pandemic could claim over 100,000 lives in the U.S., perhaps significantly more, if not enough is done to fight it.… MORE
Acting swiftly in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus pandemic.… MORE
Nearly 3.3 million Americans applied for unemployment benefits last week — nearly five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.… MORE
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.… MORE
The International Olympic Committee on Tuesday postponed this summer’s Tokyo Games for a year as coronavirus deaths mounted around the world and U.S. lawmakers closed in on a nearly $2 trillion deal to help cushion the economic damage from the crisis.… MORE
Top-level negotiations between Congress and the White House teetered Sunday on a nearly $1.4 trillion economic rescue package, as the coronavirus crisis deepened and President Donald Trump called for a deal to steady a shuttered nation.… MORE
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