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Byline: MARTIN CRUTSINGER-AP Economics Writer

10 Jun

US deficit racks up record deficit with 4 months still to go

published on June 10, 2020 - 1:12 PM

(AP) — The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget

03 Jun

Fed approves expansion of state and local support program

published on June 3, 2020 - 1:42 PM

(AP) — The Federal Reserve has approved an expansion of its $500 billion emergency program to support state and local

01 Jun

April construction spending falls 2.9% as virus upends work

published on June 1, 2020 - 12:50 PM

(AP) — U.S. construction spending fell 2.9% in April, the largest drop in 18 months, with broad declines across all

12 May

Why prospect of deflation could pose a threat to US economy

published on May 12, 2020 - 12:53 PM

(AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer

05 May

US service sector shrinks; first time since Great Recession

published on May 5, 2020 - 1:23 PM

(AP) — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced

04 May

Treasury says April-June borrowing will be a record $2.99T

published on May 4, 2020 - 2:47 PM

(AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than

30 Apr

Fed expands Main Street Lending Program for businesses

published on April 30, 2020 - 3:58 PM

(AP) — The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses

29 Apr

Economists agree: No quick rebound from recession is likely

published on April 29, 2020 - 12:56 PM

(AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses

23 Apr

Fed will provide monthly disclosures on support programs

published on April 23, 2020 - 2:56 PM

(AP) — The Federal Reserve said Thursday that it will provide monthly reports on several of its economic rescue programs

10 Apr

US budget deficit totals $743.6 billion over past 6 months

published on April 10, 2020 - 1:07 PM

(AP) — The federal government’s budget deficit for the first half of this budget year totaled $743.6 billion, up 7.6%

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