Government business and finance

Unidentified Los Angeles residents are admistered with a test for COVID-19 while in their vehicles inside the Crenshaw Christian Center in South Los Angeles Wednesday, March 25, 2020. With California virus cases surging, Gov. Gavin Newsom said his stay-at-home order for 40 million Californians may stay in place into May. (AP Photo/Damian Dovarganes)
March 25, 2020 - 9:02 pm
SACRAMENTO, Calif. (AP) — Five of the nation's largest banks have agreed to temporarily suspend residential mortgage payments for people affected by the coronavirus, California Gov. Gavin Newsom said Wednesday. The announcement came as Newsom provided yet another grim statistic about the economic...
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In this Tuesday, March 24, 2020, photo, Keisha Henry poses for a portrait inside her lounge and catering business in New Orleans. Henry said she lost about $10,000 in revenue last week after three big functions she was slated to cater ended up canceling. Meanwhile, she still has expenses related to launching a bar and lounge six months ago. Henry said she regrettably had to lay off several employees.(AP Photo/Gerald Herbert)
March 25, 2020 - 6:00 pm
NEW ORLEANS (AP) — Barely a week ago, David McGraw was cooking daily for hundreds of fine diners at one of New Orleans’ illustrious restaurants. Today, he’s cooking for himself, at home — laid off along with hundreds of thousands of people across the U.S. in a massive economic upheaval spurred by...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020, where a deal has been reached on a coronavirus bill. The 2 trillion dollar stimulus bill is expected to be voted on in the Senate Wednesday. (AP Photo/Andrew Harnik)
March 25, 2020 - 5:59 pm
The White House and Senate leaders agreed early Wednesday on a $2 trillion economic rescue package, the largest in the country's history. The bill comes in response to the viral pandemic that has shut down businesses and crippled economies around the globe. The bill would give direct payments to...
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Indians stand in marked positions to buy essential commodities from a grocery store in Mumbai, India, Wednesday, March 25, 2020.The world's largest democracy went under the world's biggest lockdown Wednesday, with India's 1.3 billion people ordered to stay home in a bid to stop the coronavirus pandemic from spreading and overwhelming its fragile health care system as it has done elsewhere. For most people, the new coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia and death.(AP Photo/Rafiq Maqbool)
March 25, 2020 - 10:19 am
NEW DELHI (AP) — Indians struggled to comply with the world's largest coronavirus lockdown on Wednesday as the government began the gargantuan task of keeping 1.3 billion people indoors. Official assurances that essentials wouldn't run out clashed with people's fears that the disease toll could...
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Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)
March 25, 2020 - 2:27 am
WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure is...
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People walk past a poster that reads 'I want you to stay home', by artist TvBoy amid a lockdown in Barcelona, Spain, Tuesday, March 24, 2020. More than 1.5 billion around the world have been told to stay in their homes. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause a more serious illness. (AP Photo/Felipe Dana)
AP News
March 25, 2020 - 12:10 am
NEW YORK (AP) — The Tokyo Olympics were postponed a year as coronavirus deaths and infections surged in Europe and the U.S. on Tuesday, with New York warning it is about to get hit by a “bullet train." Stocks soared after Washington lawmakers said they were close on a nearly $2 trillion deal to...
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FILE - In this Monday, March 2, 2020 file photo, Gilead Sciences CEO Daniel O'Day speaks at a meeting with President Donald Trump, members of the Coronavirus Task Force, and pharmaceutical executives in the Cabinet Room of the White House in Washington. Gilead, the pharmaceutical giant that makes remdesivir, a promising coronavirus drug, has registered it as a rare disease treatment with U.S. regulators on Monday, March 23, 2020, a status that can potentially be worth millions in tax breaks and competition-free sales. (AP Photo/Andrew Harnik)
March 24, 2020 - 9:11 pm
WASHINGTON (AP) — The pharmaceutical giant that makes a promising coronavirus drug has registered it as a rare disease treatment with U.S. regulators, a status that can potentially be worth millions in tax breaks and competition-free sales. What that specialty status will actually mean for the...
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A Chase bank employee, right, disinfects the branches ATMs to fend off coronavirus as a customer uses another along Main St., Tuesday, March 24, 2020, in the Flushing neighborhood of Queens borough of New York. (AP Photo/Mary Altaffer)
March 24, 2020 - 6:45 pm
WASHINGTON (AP) — The Federal Reserve said it will suspend some of its bank supervisory activities to give banks more leeway in dealing with financially strapped customers. The Fed said it will cease nearly all examinations for banks with less than $100 billion in total assets, except for those...
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A man wearing a mask waits with other people at a bus stop in London, Tuesday, March 24, 2020. Britain's Prime Minister Boris Johnson on Monday imposed its most draconian peacetime restrictions due to the spread of the coronavirus on businesses and public gatherings. The highly contagious COVID-19 coronavirus can cause mild symptoms, but for some it can cause severe illness including pneumonia.(AP Photo/Frank Augstein)
March 24, 2020 - 3:05 pm
The Latest on the coronavirus pandemic, which has infected more than 400,000 people and killed over 18,000. The COVID-19 illness causes mild or moderate symptoms in most people, but severe symptoms are more likely in the elderly or those with existing health problems. More than 103,000 people have...
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FILE - In this Monday, March 16, 2020, file photo, pedestrian traffic is light along Wall Street in Lower Manhattan in New York. The banking system is not as risk of failing as banks have plenty of capital on hand to handle this crisis due to the new coronavirus, economists say. (AP Photo/Craig Ruttle, File)
March 24, 2020 - 2:44 pm
NEW YORK (AP) — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic crisis caused by the coronavirus outbreak. Banks are scrambling to put into place loan forgiveness and relief programs, working to keep their...
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