Government aid for industry

FILE - In this Feb. 6, 2020, file photo, Speaker of the House Nancy Pelosi, D-Calif., talks during a news conference at the Capitol in Washington. President Donald Trump and Pelosi have not spoken in five months at a time when the nation is battling its worst health crisis in a century. (AP Photo/J. Scott Applewhite, File)
1010 WINS Newsroom
April 06, 2020 - 11:59 pm
WASHINGTON (AP) — Congressional leaders are jolting ahead with another coronavirus rescue package as President Donald Trump indicated Monday that Americans will need more aid during the stark pandemic and economic shutdown. House Speaker Nancy Pelosi said another $1 trillion is needed, beyond the...
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FILE - In this Nov. 13, 2019, file photo Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington. On Wednesday, Jan. 29, 2020, the Federal Reserve issues a statement and economic projections, followed by a news conference with Fed Chair Jerome Powell. (AP Photo/Jose Luis Magana, File)
1010 WINS Newsroom
April 06, 2020 - 5:22 pm
WASHINGTON (AP) — The Federal Reserve said Monday it will support the government's $349 billion small business lending program, which had a rocky start Friday. The Fed said that it will buy loans that banks make to small businesses as part of the program, which is being carried out by banks and the...
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President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell of Ky., after signing the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. From left, White House chief economic adviser Larry Kudlow, Treasury Secretary Steven Mnuchin, McConnell, Trump, House Minority Leader Kevin McCarty, R-Calif., and Vice President Mike Pence. (AP Photo/Evan Vucci)
1010 WINS Newsroom
April 02, 2020 - 6:23 am
WASHINGTON (AP) — President Donald Trump aims to shovel $2.2 trillion into the U.S. economy over the next few weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with a man...
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House Speaker Nancy Pelosi of Calif., House Minority Leader Kevin McCarthy of Calif., left, and House Majority Leader Steny Hoyer of Md., right, holds up the Coronavirus Aid, Relief, and Economic Security (CARES) Act after Pelosi signed it on Capitol Hill, Friday, March 27, 2020, in Washington. The $2.2 trillion package will head to head to President Donald Trump for his signature. (AP Photo/Andrew Harnik)
1010 WINS Newsroom
March 31, 2020 - 8:44 pm
WASHINGTON (AP) — The bipartisan partnership that propelled a $2.2 trillion economic rescue package through Congress just days ago is already showing signs of strain, raising questions about how quickly calls for massive followup legislation may bear fruit. House Speaker Nancy Pelosi, D-Calif., and...
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FILE - In this March 28, 2018 file photo, former U.S. Sen. Tom Coburn speaks at a news conference in Oklahoma City. Coburn has died. He was 72. A cousin tells The Associated Press that he died early Saturday, March 28, 2020. Coburn had been diagnosed with prostate cancer years earlier. The Oklahoma Republican railed against federal earmarking and earned a reputation as a political maverick. (AP Photo/Sue Ogrocki, File)
1010 WINS Newsroom
March 28, 2020 - 3:10 pm
OKLAHOMA CITY (AP) — Former U.S. Sen. Tom Coburn was stubborn as a mule and conservative to his core. But the Oklahoma family doctor, known for railing against federal earmarks, didn’t let political differences dictate whom he called friends — even if it didn’t sit well with some of his supporters...
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FILE - In this Feb. 3, 2020, file photo, Sen. Pat Toomey, R-Pa., walks at the Capitol in Washington. The nation's fiercest fiscal conservatives are largely embracing the massive economic rescue package moving through Congress. In many cases, those conservatives who support the $2 trillion coronavirus spending bill are the very same who raged against the $800 billion economic stimulus package backed by the Obama administration after the 2008 financial crisis. (AP Photo/J. Scott Applewhite, File)
1010 WINS Newsroom
March 28, 2020 - 8:43 am
NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many...
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House Speaker Nancy Pelosi of Calif., accompanied by House Minority Leader Kevin McCarthy of Calif., left, House Majority Leader Steny Hoyer of Md., right, and other bipartisan legislators, signs the Coronavirus Aid, Relief, and Economic Security (CARES) Act after it passed in the House on Capitol Hill, Friday, March 27, 2020, in Washington. The $2.2 trillion package will head to head to President Donald Trump for his signature. (AP Photo/Andrew Harnik)
1010 WINS Newsroom
March 27, 2020 - 11:10 pm
WASHINGTON (AP) — President Donald Trump declared that "I'll be the oversight" as lawmakers were in the final days of drafting what became a $2.2 trillion rescue plan for American businesses. In the end, Congress ensured that won’t be the case. The legislation, designed in part to help businesses...
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President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)
1010 WINS Newsroom
March 27, 2020 - 11:02 pm
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, after swift and near-unanimous action by Congress to support businesses, rush resources to overburdened health care providers and help struggling families during the deepening...
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FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)
1010 WINS Newsroom
March 27, 2020 - 8:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ____ UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans...
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Canada's Prime Minister Justin Trudeau smiles after speaking to Queen Elizabeth II and the Prince of Wales at Buckingham Palace.
© Press Association
1010 WINS Newsroom
March 27, 2020 - 4:04 pm
TORONTO (AP) — Canada is increasing a payroll subsidy to small- and medium-sized businesses to now cover up to 75 percent of salaries as the country braced for a shutdown that a top health official said will last months. Canada's Deputy Chief Public Health Officer, Dr. Howard Njoo, said they are in...
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