Economic policy

Shown is a portion of a Small Business Administration Paycheck Protection Program Borrower Application Form, Tuesday, April 21, 2020 in Washington. The Paycheck Protection was supposed to be a lifeline for small businesses, helping them stay afloat and keep their employees on the payroll during the coronavirus pandemic. But guidelines from the Small Business Administration say that businesses are ineligible if someone who owns at least 20 percent of the company is incarcerated, under indictment, on probation or parole or had been convicted of a felony within the last five years. Ineligible would-be applicants and advocates say the restrictions are a slap in the face for those who have served their time, especially from an administration that has trumpeted second chances. (AP Photo/Wayne Partlow)
1010 WINS Newsroom
April 21, 2020 - 8:45 pm
WASHINGTON (AP) — Damon West was hoping the government's coronavirus rescue package for small-business owners would help replace the income he's lost now that he can't travel the country as a keynote speaker. But then he got a call from his accountant. A question on the application form asked...
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House Speaker Nancy Pelosi of Calif., speaks with reporters alongside Senate Minority Leader Sen. Chuck Schumer of N.Y. after the Senate approved a nearly $500 billion coronavirus aid bill, Tuesday, April 21, 2020, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
1010 WINS Newsroom
April 21, 2020 - 6:49 pm
WASHINGTON (AP) — A $483 billion coronavirus aid package flew through the Senate on Tuesday after Congress and the White House reached a deal to replenish a small-business payroll fund and provided new money for hospitals and testing. Passage was swift and unanimous, despite opposition from...
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FILE - In this April 13, 2020, file photo President Donald Trump listens as Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room at the White House in Washington. The Trump administration and Congress are nearing an agreement as early as Sunday, April 19, on a $400-plus billion aid package to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. (AP Photo/Alex Brandon, File)
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April 19, 2020 - 7:07 pm
WASHINGTON (AP) — The Trump administration and Congress are nearing an agreement on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. President Donald Trump said Sunday, “We're getting close to a...
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1010 WINS Newsroom
April 19, 2020 - 3:17 am
UNITED NATIONS (AP) — U.N. experts have recommended blacklisting 14 vessels for violating sanctions against North Korea in a report that accuses the country of increasing illegal coal exports, imports of petroleum products and continuing with cyber attacks on financial institutions and...
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FILE - In this Dec. 9, 1997 file photo, Arizona Gov. Jane Hull, nearing her 100th day in office, poses from a state capitol balcony which overlooks Phoenix. Hull, the first woman elected governor of Arizona and the state's first female House speaker, has died. She was 84. Gov. Doug Ducey announced her death on Friday, April 17, 2020 saying, “Governor Hull dedicated 25 years to principled public service.” (AP Photo/Nancy Engebretson, file)
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April 17, 2020 - 6:31 pm
PHOENIX (AP) — Jane Hull, Arizona's first woman elected governor and part of the “Fab Five” celebrated as the nation's first all-female elected state executive branch leadership group, has died. She was 84. Gov. Doug Ducey announced her death on Twitter on Friday, praising Hull's 25 years of "...
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Tokyo 2020 Organizing Committee President Yoshiro Mori, left, and CEO Toshiro Muto, right, attend teleconference with International Olympic Committee member John Coates, who heads the inspection team for Tokyo Olympics, in Tokyo Thursday, April 16, 2020. Tokyo Olympic organizers and the IOC said Thursday they will cut some of the extras out of next year’s postponed games, an attempt to limit what is expected to be billions of dollars in added expenses.(Kazuhiro Nogi/Pool Photo via AP)
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April 17, 2020 - 7:43 am
TOKYO (AP) — IOC member John Coates, who oversees planning for next year's Tokyo Olympics, has claimed the postponed games could help “kick start” Japan’s economy. Japan has been devastated like many countries by the coronavirus pandemic and could be in a recession when the Olympics are to open on...
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In this April 15, 2020 photo, people wear facemasks to protect against the spread of the new coronavirus cleans as they ride an escalator at a shopping mall in Beijing. China has reported its biggest economic decline since the 1970s as it fought the coronavirus in the first quarter of the year. (AP Photo/Mark Schiefelbein)
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April 17, 2020 - 5:00 am
BEIJING (AP) — China faces a drawn-out struggle to revive an economy that suffered its biggest contraction since possibly the mid-1960s after millions of people were told to stay home to fight the coronavirus. The world’s second-largest economy shrank by 6.8% from a year earlier in the quarter...
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In this April 13, 2020, photo, a couple walk through the capital city's popular shopping mall in Beijing. Chinese leaders have reopened factories and shops in an effort to revive the economy, but the consumers whose spending propels most of China's growth have been slow to return to shopping malls and auto dealerships. (AP Photo/Andy Wong)
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April 16, 2020 - 5:27 pm
BEIJING (AP) — China, where the coronavirus pandemic started in December, is cautiously trying to get back to business, but it’s not easy when many millions of workers are wary of spending much or even going out. Factories and shops nationwide shut down starting in late January. Millions of...
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FILE - In this March 4, 2019 file photo, U.S. Ambassador to China Terry Branstad listens to Secretary of State Mike Pompeo speak at an event in Johnston, Iowa. The U.S. ambassador to China said Wednesday, April 15, 2020, that he doesn't believe Beijing is deliberately blocking exports of personal protective equipment and medical supplies, adding that the shipment of 1,200 tons of such products to the U.S. could not have been possible without Chinese support. (AP Photo/Charlie Neibergall, File)
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April 15, 2020 - 5:39 am
BEIJING (AP) — The U.S. ambassador to China said Wednesday that he doesn’t believe Beijing is deliberately blocking exports of masks and other medical supplies to fight the coronavirus, and that the shipment of 1,200 tons of such products to the U.S. could not have been possible without Chinese...
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FILe - In this April 2, 2020, file photo, President Donald Trump and Jovita Carranza, administrator of the Small Business Administration, listen as Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington. Hundreds of cities and counties grappling with the economic fallout caused by the pandemic might receive little, if any, of the emergency funding allotted for state and local governments in the $2.2 trillion coronavirus stimulus package. (AP Photo/Alex Brandon, File)
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April 14, 2020 - 2:19 pm
WASHINGTON (AP) — The $2.2 trillion federal rescue package could fail to deliver badly needed financial aid to thousands of smaller cities and counties where a majority of Americans live, according to documents and interviews with local officials. The coronavirus outbreak has blown holes in the...
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