Henry Paulson, who served during the 2008 financial crisis, says sending money rapidly to people and businesses will be the key to limiting damage to the economy.
U.S. Department of Labor statistics show nearly 10 million Americans have claimed unemployment benefits over the last two weeks as businesses shut down due to the coronavirus.
The staggering number of people claiming jobless benefits set a new record for the second week in a row. Much of the country has been ordered to stay at home, bringing the economy to a lurching halt.
NPR's Mary Louise Kelly speaks with New York Times reporter David Enrich about the Trump Organization seeking financial assistance to help with the effects of the coronavirus epidemic on the company.
Last week, more than 6 million jobless Americans sought unemployment benefits. NPR correspondents look at the rising economic fallout from COVID-19 — and the latest science and political news.
Many low-wage workers with essential jobs — like grocery store cashiers and stockers — can't stay home to protect themselves and their families. The protections they receive vary widely.
Jobless claims hit 6.6 million in today's report, doubling the grim milestone reached last week. The numbers are released weekly by the U.S. Department of Labor.
Acrobatic dancers from Mumbai's slums performed to a Bollywood song and wowed the audience. Fame may help them out of poverty. NPR's India producer visited some of their homes.