Politic > Economy

A new $2.3 trillion Fed plan to buttress towns, businesses

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained...
Read more ...

 

Federal Reserve Rolls Out $2.3 Trillion Plan to Stabilize Economy

1 month ago   |   By Time

The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained economic activity.”
In addition, the...
Read more ...

 

A new $2.3 trillion Fed plan to buttress cities, businesses

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained...
Read more ...

 

Fed ramps up lending with new $2.3T program

1 month ago   |   By The Real Deal New York

The Federal Reserve is injecting an additional $2.3 trillion in loans to bolster a frozen economy, which continues to be on lockdown as the spread of the coronavirus accelerates. Thursday's financing announcement came as the U.S. Department of Labor reported that another 6.6 million Americans filed jobless claims last week. That figure was down from the adjusted prior amount of 6.8 million, but the total of Americans who have asked for relief, mostly because of
Read more ...

 

Dow climbs 500 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 500 points as new Fed stimulus offsets historic unemployment filings

1 month ago   |   By Business Insider

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
Data released Thursday morning showed we ekly unemployment claims soared for a third week in a row, hitting 6.6 million for the period ended April 3.
Oil rallied on expectations that OPEC and its allies will soon agree on production cuts - a virtual meeting between the group starts Thursday.
Read more ...

 

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

1 month ago   |   By NPR

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit: Saul Loeb/AFP via Getty Images)
Read more ...

 

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

1 month ago   |   By NPR

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit: Saul Loeb/AFP via Getty Images)
Read more ...

 

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

1 month ago   |   By NPR

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit: Saul Loeb/AFP via Getty Images)
Read more ...

 

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

1 month ago   |   By Business Insider

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
Data released Thursday morning showed we ekly unemployment claims soared for a third week in a row, hitting 6.6 million for the period ended April 3.
Oil rallied on expectations that OPEC and its allies will soon agree on production cuts - a virtual meeting between the group starts Thursday.
Read more ...

 

Fed rolls out $2.3 trillion plan to stabilize economy

1 month ago   |   By Boston Herald

By MARTIN CRUTSINGER
WASHINGTON - The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
Federal Reserve Chairman Jerome Powell said the Fed's role was to “provide as much relief and stability as we can during this period of constrained...
Read more ...

 


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White House Restricts Travel From Brazil, Where Coronavirus Cases Near 350,000

White House Restricts Travel From Brazil, Where Coronavirus Cases Near 350,000

President Trump is barring non-U.S. citizens who have been in Brazil in the past two weeks, in an effort to curb infections. Brazil has the world's highest number of cases... Read more ...

Trump Spreads Baseless Conspiracy Theory Accusing MSNBC Host Of Murder

Trump Spreads Baseless Conspiracy Theory Accusing MSNBC Host Of Murder

The president sent multiple tweets adding to his earlier insinuations that Joe Scarborough killed one of his former interns when he was a U.S. congressman in Florida. Read more ...

Wuhan lab head calls virus leak claims ‘pure fabrication'

Wuhan lab head calls virus leak claims ‘pure fabrication'

NEW YORK - Claims promoted by the Trump administration that the global coronavirus pandemic originated at the Wuhan Institute of Virology in the central Chinese city are a... Read more ...

Ex-Congressman Allen West Of Florida Injured In Motorcycle Crash

Ex-Congressman Allen West Of Florida Injured In Motorcycle Crash

The former congressman was in stable condition after having been airlifted to a hospital, according to his Facebook page. Read more ...

Trump Plays Golf As Coronavirus Death Toll Nears 100,000 In U.S

Trump Plays Golf As Coronavirus Death Toll Nears 100,000 In U.S

This is the first time President Trump has played golf since he declared the coronavirus a national emergency. Read more ...

Former Attorney General Jeff Sessions Slams Trump And His 'Anger' On Twitter

Former Attorney General Jeff Sessions Slams Trump And His 'Anger' On Twitter

"Your personal feelings don't dictate who Alabama picks as their senator, the people of Alabama do," sniped Sessions after his ex-boss again endorsed a rival. Read more ...

Trump: My Drug Regimen Has Changed

Trump: My Drug Regimen Has Changed

President Trump has apparently said goodbye to hydroxychloroquine. Appearing on the Sinclair Broadcast Group program Full Measure with Sharyl Attkisson , Trump said his regimen... Read more ...

White House Press Secretary: Golf Is Not OK While U.S. Mourns

White House Press Secretary: Golf Is Not OK While U.S. Mourns

Kayleigh McEnany was talking about Barack Obama, not Donald Trump. And she was referring to the death of journalist Daniel Pearl in 2002, when Obama was an Illinois state senator. Read more ...

Federal judge strikes down restrictions on Florida felon voting

Federal judge strikes down restrictions on Florida felon voting

TALLAHASSEE - A federal judge on Sunday dismantled Florida's restrictive felon voting rights law in a ruling that could open the door to hundreds of thousands of new voters... Read more ...

Veteran World War II spy turns 99, honors memory of those lost

Veteran World War II spy turns 99, honors memory of those lost

World War II veteran Patricia Warner has some advice for anyone struggling during the coronavirus pandemic: “We'll get through this.” She should know. She lost her first... Read more ...