ECONOMY

A pedestrian strolls past a boutique in the North End neighborhood of Boston in late March after Massachusetts Gov. Charlie Baker ordered all nonessential businesses to close in an effort to slow down the spread of the coronavirus.

More Aid Coming For Small Businesses, Senate Majority Leader McConnell Says

1:48pm April 07, 2020

by Susan Davis

The $350 billion small business program created in the massive coronavirus relief package is popular, and multiple senators say more money is needed to keep it afloat.

An employee mounts a wheel on a Mercedes-Benz A Class on the assembly line at the Daimler AG factory in Rastatt, southwestern Germany.

Are We Firing Too Many People In The U.S.?

1:07pm April 07, 2020

by Greg Rosalsky

Instead of mass layoffs, Germany tries to safeguard employment. Under a program called Kurzarbeit, when companies declare they're under financial distress, the government helps pay their workers.

Trump Urges Saudi Arabia And Russia To End Oil War

11:25am April 07, 2020

by Jackie Northam

Saudi Arabia's Crown Prince Mohammed bin Salman and Russian President Vladimir Putin are at the center of the devastating oil price war. President Trump has inserted himself into the fray.

Queue Listen Now

JPMorgan Chase CEO Jamie Dimon says the coronavirus pandemic will have devastating consequences for the global economy.

Economy

Jamie Dimon Warns 'A Bad Recession' Is Coming

10:04am April 07, 2020

by Jim Zarroli

In a letter to shareholders, the JPMorgan Chase CEO applauds the government and the Fed for quick work, but says the pandemic will have devastating consequences for the global economy.

For Some Essential Workers, Jobs Are Still Insecure

10:03am April 07, 2020

When the coronavirus interrupted China's global shipping lines, fewer containers arrived at ports in the United States. For a truck driver in San Bernardino, Calif., that meant a reduction in income.

Queue Listen Now

Public Health Experts Worry About Trump's Shifts In Messaging

6:16am April 07, 2020

by Scott Detrow

A week ago, President Trump extended federal social distancing guidelines. But days later, he seemed more focused on the economic downside. The mixed messaging has public health experts concerned.

Queue Listen Now

Economy

What It's Like To Apply For Small Business Assistance Right Now

4:59pm April 06, 2020

Part of the $2 trillion relief package was a program to help small businesses get through the economic downturn. Tina Rexing of T-Rex Cookie Kitchen speaks with NPR's Ari Shapiro about her experience.

Queue Listen Now

Led by Jerome Powell, the Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy.

Economy

Fed Goes All Out To Keep Economy Alive During Coronavirus Shutdown

5:00am April 06, 2020

by Scott Horsley

The Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy in hopes of keeping it afloat long enough to outlast the coronavirus pandemic.

Congress Has Committed $2 Trillion To Economic Relief. It's Considering Even More

12:44pm April 05, 2020

With millions suddenly out of work, U.S. lawmakers are drafting for another coronavirus relief bill. NPR's Lulu Garcia-Navarro talks with Rep. Nita Lowey, head of the House Appropriations committee.

Queue Listen Now

Economy

State Unemployment Systems Crumple Under Unprecedented Demand

10:16am April 05, 2020

by Lulu Garcia-Navarro

As about 10 million Americans have lost their jobs, a scale of economic agony governments are still struggling to handle. For furloughed workers, fighting overwhelmed websites is one more indignity.

Queue Listen Now