Government finance

FILE - In this March 3, 2020, file photo, Hawaii state Department of Health microbiologist Mark Nagata demonstrates the process for testing a sample for coronavirus at the department's laboratory in Pearl City, Hawaii. An Associated Press analysis shows that some of the least-populated states, such as Hawaii, with relatively few coronavirus cases received an out-sized proportion of the $150 billion in federal money that was designed to address virus-related expenses. (AP Photo/Audrey McAvoy, File)
May 05, 2020 - 11:49 am
Alaska, Hawaii, Montana and Wyoming are among the least-populated states in the U.S., and not surprisingly have the lowest numbers of residents who have tested positive for the new coronavirus. But despite their small size, they scored big this spring when Congress pumped out direct federal aid to...
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In this April 23, 2020, photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. The US government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million payments as part of a massive coronavirus rescue package. The distribution has had some hiccups, including an overwhelmed website, payments to deceased taxpayers and money sent to inactive accounts. (AP Photo/Eric Gay)
May 05, 2020 - 11:07 am
The US government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million payments as part of a massive coronavirus rescue package. The distribution has had some hiccups, including an overwhelmed website,...
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This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)
May 04, 2020 - 4:49 pm
WASHINGTON (AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone. The amount is more than five times the government’s previous record borrowing for a quarter, $569...
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House Speaker Nancy Pelosi of Calif. adjusts her face mask during a news conference on Capitol Hill Thursday, April 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
April 30, 2020 - 10:19 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi said Thursday that state and local governments are seeking up to $1 trillion for coronavirus costs, a stunning benchmark for the next aid package that's certain to run into opposition from Senate Republicans. Pelosi acknowledged the federal government...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
April 29, 2020 - 5:05 pm
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity...
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A worker disinfects the roof terrace of the Atlantic hotel, in Rome, Wednesday, April 29, 2020. After seven weeks in lockdown to contain one of the world’s worst outbreaks of COVID-19, Italians are regaining some freedoms, starting on May 4, public parks and gardens will re-open and people will be able to visit relatives who live in the same region. (AP Photo/Andrew Medichini)
April 29, 2020 - 1:19 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ________________________ CENTRAL GOVERNMENTS & BANKS: Countries are slowly trying to...
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FILE - This May 18, 2017, file photo shows the Healthcare.gov website on a laptop computer in Washington. Mass layoffs are pushing many Americans into an unfamiliar role: Shopping for health insurance that isn’t offered by an employer. A swirl of potentially confusing terms and options await inexperienced health insurance shoppers as they sort coverage plans for at least the next couple months. But experts say these obstacles can be conquered with patience and some help from agents or navigators who specialize in finding insurance. (AP Photo/Alex Brandon, File)
April 29, 2020 - 8:41 am
Mass layoffs are pushing many Americans into an unfamiliar role: shopping for health insurance that isn’t offered by an employer. A swirl of confusing terms and options await inexperienced shoppers as they sort health insurance plans. And there’s probably no one from human resources available to...
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FILE - This April 23, 2020, file photo shows President Donald J. Trump's name printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the new coronavirus outbreak in San Antonio. The Mexican American Legal Defense and Educational Fund is suing the federal government over its denial of federal coronavirus relief payments to U.S. citizens who are married to immigrants without social security numbers. (AP Photo/Eric Gay, File)
April 28, 2020 - 9:25 pm
PHOENIX (AP) — The Mexican American Legal Defense and Educational Fund has sued the federal government over its denial of coronavirus relief payments to U.S. citizens who are married to immigrants without social security numbers. The lawsuit was filed in Maryland on Tuesday on behalf of six...
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Alex Poam, left, sells gloves to a customer on a street corner in Manhattan, New York, Sunday, April 26, 2020. Poam is studying to be a computer and network technician; after taking online classes most mornings he sells PPE to pedestrians to support himself. (AP Photo/Seth Wenig)
April 27, 2020 - 11:50 am
In an unprecedented move, New York has canceled its Democratic presidential primary that was scheduled for June 23 amid the coronavirus pandemic. The Democratic members of the State’s Board of Elections voted Monday to nix the primary. New York will still hold its congressional and state-level...
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Health workers wearing protective suits attend to a patient outside the Gat Andres Bonifacio Memorial Medical Center during an enhanced community quarantine to prevent the spread of the new coronavirus in Manila, Philippines on Monday April 27, 2020. (AP Photo/Aaron Favila)
April 27, 2020 - 3:32 am
BANGKOK (AP) — Thai health authorities on Monday reported the country’s lowest number of new cases of the coronavirus in more than six weeks, as the government considers easing some restrictions imposed to control the spread of the virus. Nine new confirmed cases were reported, the smallest single-...
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