Finance

Citing virus, EPA has stopped enforcing environmental laws

The Trump administration says it will forgo a sweeping range of public health and environmental enforcement during the coronavirus outbreak By ELLEN KNICKMEYER Associated Press March 27, 2020, 1:54 AM 3 min read WASHINGTON — The Environmental Protection Agency on Thursday abruptly waived enforcement on a range of legally mandated public health and environmental protections, […]

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Ethanol plants seek rule changes to resupply hand sanitizer

DES MOINES, Iowa — As hospitals and nursing homes desperately search for hand sanitizer amid the coronavirus outbreak, federal regulators are preventing ethanol producers from providing millions of gallons of alcohol that could be transformed into the germ-killing mixture. The U.S. Food and Drug Administration’s roadblock has been frustrating the health care and ethanol industries,

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Virus relief package could help Trump, Kushner businesses

The $2 trillion coronavirus aid package moving through Congress was carefully written to prevent President Donald Trump and his family from profiting from the federal fund By JONATHAN LEMIRE and STEPHEN BRAUN Associated Press March 26, 2020, 11:12 PM 5 min read WASHINGTON — The $2 trillion legislative package moving through Congress to shore up

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US indicts Venezuela’s Maduro on narcoterrorism charges

MIAMI — Nicolás Maduro effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist groups as he and his allies stole billions from the South American country, the Justice Department charged in several indictments against the embattled socialist and his inner circle that were made public Thursday. The coordinated unsealing

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New York Governor Warns Hospitals Will Be Overwhelmed Under Nearly All Scenarios

NEW YORK (Reuters) – New York state’s hospitals will be overwhelmed under almost any realistic scenario in the coronavirus outbreak and authorities are adding capacity wherever possible to meet soaring demand, Governor Andrew Cuomo said on Thursday. The need for hospital beds and ventilators was particularly acute, the governor said, as the hardest hit state

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What’s in store: Groceries installing barriers amid outbreak

Grocery stores across the U.S. are installing protective plastic shields at checkouts to help keep cashiers and shoppers from infecting one another with the coronavirus By RODRIQUE NGOWI Associated Press March 26, 2020, 6:22 PM 3 min read QUINCY, Mass. — Grocery stores across the U.S. are installing protective plastic shields at checkouts to help

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How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion

Treasury Secretary Steven Mnuchin has a favorite talking point: With the Federal Reserve’s help, the government will turn a $500 billion spending package working its way through Congress into a $4 trillion booster shot for the United States economy. How, you might ask, does that figure? The answer lies in the central bank’s emergency lending

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3.3 million seek US jobless aid, nearly 5 times earlier high

WASHINGTON — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak is inflicting on the economy. Filings for unemployment

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