World_News-C19

Pelosi wants more for small business and individuals in next U.S. coronavirus legislation

U.S. House Speaker Nancy Pelosi stated Friday that $350 billion in already-passed coronavirus legislation was insufficient for small businesses, and she wants more money in the next bill being developed now in the Democratic-run House. “I don’t think the 350 is enough for small business,” she stated on CNBC. Pelosi also called for “another direct […]

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Fed slashes rates, global central banks coordinate to cushion coronavirus blow

The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and backstopping foreign authorities with the offer of cheap dollar financing. The coordinated global […]

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