Housing

Washington set to deliver $2.2 trillion virus rescue bill

9 days ago   |   By Chron

WASHINGTON - With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system.
The House is set to pass the sprawling, $2.2 trillion measure Friday morning after an extraordinary 96-0 Senate vote late Wednesday. President Donald Trump marveled at the unanimity Thursday and is eager to sign the package into law.
The relief can hardly come soon enough. Federal Reserve Chairman Jerome Powell said Thursday the economy...
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Staying afloat: $2.2 trillion bill offers economic lifeline

9 days ago   |   By Chron

WASHINGTON - In the coronavirus crisis, even doctors can face a cash crunch.
Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80% as patients stay home and he cancels non-emergency surgeries. He's cut his staff's hours sharply and is negotiating with his creditors.
“We've reached out to many of our bigger vendors and said, ‘Hey, we may be facing a crash crunch - can you give us a break, or at least defer payments?' Many have been sympathetic,” said Ticho, who owes loans on medical equipment. He's giving his patients a break, too, by holding off...
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‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding...

‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding ‘illegal OPEC cartel' save US oil jobs

Calling on Russia and Saudi Arabia to urgently resolve the global oil output glut crisis, President Donald Trump said he will do whatever it takes (apparently except for... Read more ...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence it's effective or safe to prevent or treat coronavirus

President Donald Trump said Saturday he "may take" hydroxychloroquine, apparently to prevent the coronavirus, though there is no evidence the drug is safe or effective for that... Read more ...

I flew on one of the few remaining flights during the coronavirus pandemic...

I flew on one of the few remaining flights during the coronavirus pandemic, and it was unlike anything I'd ever seen

Domestic air travel has come to a near standstill amid the coronavirus outbreak sweeping across the United States. But there are still a handful of of flights available for... Read more ...

Saudi Arabia uses low oil prices to force US to cut shale production, but...

Saudi Arabia uses low oil prices to force US to cut shale production, but damage to all countries may prompt talks

A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may... Read more ...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to hit in the 'seven-day' range as cases skyrocket

New York Gov. Cuomo said he expects the peak of coronavirus cases in the state in the "seven-day" range, though he said the state isn't yet prepared for the pressure on the... Read more ...

Australians have been advised not to wear face masks if they aren't infected...

Australians have been advised not to wear face masks if they aren't infected by COVID-19

Australia's deputy chief medical officer Paul Kelly told Australians that they shouldn't wear face masks. That's partially due to the short supply of face masks in the health... Read more ...

Here's why the depleted cruise line industry will be one of the biggest...

Here's why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program

The $2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses. But the cruise line industry will be left out since the... Read more ...

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

Subscribe to Fortune' s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. As one of the most in-demand cosmetic... Read more ...

A week in the life of a night nurse treating coronavirus patients in New...

A week in the life of a night nurse treating coronavirus patients in New York City's top hospital, where she says space is running out for patients and nurse staffing is starting to run thin

One New York City nurse shared her experience treating patients positive for COVID-19, some in critical condition. New York state had over 100,000 coronavirus cases as of April... Read more ...

These 7 charts show how brutal the March jobs report was, and signal further...

These 7 charts show how brutal the March jobs report was, and signal further economic pain ahead

The March jobs report surprised economists as it showed that the US economy lost 701,000 jobs last month compared to the 100,000 expected . The report also didn't include the... Read more ...