Fauci Warns of ‘Suffering and Death’ if US Reopens Too SoonFauci Warns of ‘Suffering and Death’ if US Reopens Too SoonFauci is among the experts testifying to a Senate panel on Tuesday.Associated PressAssociated Press
Jobless Rate Spikes to 14.7%, Highest Since Great DepressionJobless Rate Spikes to 14.7%, Highest Since Great DepressionAlmost all the job growth achieved during the 11-year recovery from the Great Recession has now been lost.Associated PressAssociated Press
33 Million Have Sought US Unemployment Aid Since Virus Hit33 Million Have Sought US Unemployment Aid Since Virus HitThat is the equivalent of one in five Americans who had been employed back in February.Associated PressAssociated Press
US Services Sector Falls Into Contraction, First in a DecadeUS Services Sector Falls Into Contraction, First in a DecadeIt was the lowest reading since the index stood at 40.1 in March 2009, at the depths of the Great Recession.Associated PressAssociated Press
US Consumer Spending Plunges 7.5% in March, Reflecting VirusUS Consumer Spending Plunges 7.5% in March, Reflecting VirusThe Commerce Department said that the spending plunge was accompanied by a sharp 2% drop in personal incomes.Associated PressAssociated Press
30 Million Have Sought US Jobless Aid Since Virus Hit30 Million Have Sought US Jobless Aid Since Virus HitRoughly 30.3 million people have now filed for jobless aid in the six weeks since the coronavirus outbreak began.Associated PressAssociated Press
American Airlines Posts $2.2 Billion Loss During PandemicAmerican Airlines Posts $2.2 Billion Loss During PandemicAir travel within the U.S. has plunged 95% from a year ago.Associated PressAssociated Press
SBA: Small Businesses Move to Head of Loan Application LineSBA: Small Businesses Move to Head of Loan Application LineThe step is being taken to ensure that small community lenders and their small business customers would have access to the $310 billion program.Associated PressAssociated Press
Fed Signals it Will Likely Hold Rates Near Zero for MonthsFed Signals it Will Likely Hold Rates Near Zero for MonthsIt did not specify any amounts or timing for its bond purchases.Associated PressAssociated Press
US Economy Shrank at 4.8% Rate Last Quarter as Virus StruckUS Economy Shrank at 4.8% Rate Last Quarter as Virus StruckForecasters say the drop in the January-March quarter will be only a precursor of a far grimmer GDP report to come.Associated PressAssociated Press