Government, Business

Senate OKs Historic $2.2 Trillion Coronavirus Rescue Package

WASHINGTON — The Senate late March 25 passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic that has killed more than 1,000 Americans. Following the unanimous vote, the bill now moves to the House.

March 26, 2020
Government, Business

Stocks Drop as Recession Fears Take Hold; Dow Loses 1,300

After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trump’s inauguration.

March 18, 2020
Government, Business, Safety

Treasury Proposes Delivering $500B to Americans Starting April

The Treasury Department said March 18 it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.

March 18, 2020
Government, Business

US Will Extend Virus Travel Restrictions to UK, Ireland

President Donald Trump announced March 14 that the United States will broaden its European travel ban, adding Britain and Ireland to its list, and was considering imposing restrictions on travel within the U.S. to areas hit hard by the coronavirus spread

March 14, 2020
Government, Business, Safety

Trump Declares National Emergency to Speed Virus Response

WASHINGTON — President Donald Trump on March 13 declared the coronavirus pandemic a national emergency, as Washington struggles with providing Americans with relief and officials race to slow the spread of the outbreak.

March 13, 2020
Government, Business

Trading Halted After Stocks Plunge 7% at Open

NEW YORK— The S&P 500 dropped about 7% within the first few minutes of trading March 12, steep enough to trigger an automatic halt to trading on the New York Stock Exchange.

March 12, 2020
Government, Business

Claims for Jobless Benefits Drop by 4,000

WASHINGTON — The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labor market in a major way.

March 12, 2020
Government, Business, Logistics

Cargo Not Affected as Trump Suspends Travel From Europe to US

WASHINGTON — Taking drastic action March 11, President Donald Trump announced he is cutting off travel from Europe to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans. Restrictions won't apply to cargo.

March 11, 2020
Safety

140 Vehicles Involved in Two Wyoming I-80 Pileups; Three Dead

RAWLINS, Wyo. — At least three people died and dozens were injured in a pileup involving more than 100 vehicles, many of them tractor-trailers, amid blowing snow that closed part of Interstate 80 in Wyoming, officials said March 2.

March 2, 2020
Government, Business, Logistics

Amtrak Names Former Air Cargo Executive as New CEO

Amtrak named a former air cargo executive as its new president and chief operating officer March 2.

March 2, 2020