Sorted by date Results 26 - 27 of 27
WASHINGTON (AP) — The fast-moving coronavirus upending every facet of American life is testing whether Washington, a capital city fractured by years of bitter partisanship and inaction, can still do big things. Not since the Great Recession of 2008, and before that the 9/11 attacks, has the federal government attempted to mount such an ambitious response to an emergency, and so quickly. The country's once-revered, now often maligned institutions — from the White House to Congress to the Federal Reserve — are being summoned into action to shoul...
The rapidly deteriorating health of the financial markets is being driven by a contagion of fear and uncertainty about a global pandemic that's infecting the economy in ways that seemed unfathomable just a month ago. It almost seems like a distant memory now, but shortly after the President Day's holiday weekend the benchmark S&P 500 index closed at a record high, buoyed by another round of impressive quarterly corporate profits that had convinced investors the damage caused by a fast-spreading coronavirus in China would cause relatively...
