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Economy

Federal Government Protects Most Homeowners From Foreclosure For 60 Days

8:13pm March 18, 2020

by Camila Domonoske

Foreclosures will be paused for mortgages insured by the Federal Housing Administration or backed by Fannie Mae or Freddie Mac. That covers most mortgages for single-family homes.

The $1 trillion stimulus package proposed by the Trump administration would give Americans more spending money, but beside grocery stores many spending outlets have been closed by the pandemic.

Economy

Stimulus Cash For Strapped Workers, With Few Places To Spend It

6:45pm March 18, 2020

by Scott Horsley

The $1 trillion stimulus package proposed by the Trump administration is unusual in that it would give Americans more spending money, even as many spending outlets have been closed by the pandemic.

Markets are falling sharply, even after the Federal Reserve aggressively cut interest rates to near zero.

Economy

Stocks Go Into Shock. Dow Plunges Nearly 3,000 Points

4:35pm March 16, 2020

by Avie Schneider

The Dow tumbled nearly 13% after the Federal Reserve aggressively cut interest rates to near zero and as the nation imposed more restrictions in an effort to curb the spread of the coronavirus.

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The stock market rebounded Friday after cratering on fears over the coronavirus pandemic.

Economy

Dow Soars Nearly 2,000 Points In Rebound From Biggest Drop Since 1987

4:44pm March 13, 2020

by Avie Schneider

The Dow Jones Industrial Average and other major stock indexes jumped as President Trump declared a national emergency to deal with the coronavirus pandemic.

Gas prices have fallen markedly, and may continue to dip further, according to AAA.

Economy

Gas Prices Are Approaching $2

11:35am March 13, 2020

by Camila Domonoske

Drivers are saving money at the pump, but that's a small silver lining in the big gray cloud of coronavirus-related economic turmoil. AAA says the national average could dive to $2 per gallon soon.

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Economy

Nick Hanauer: How Do We Begin To Reinvent Capitalism?

8:51am March 13, 2020

by NPR/TED Staff

Billionaire entrepreneur Nick Hanauer says that today's inequality results from decades of bad economic theory. He argues for a reinvention of our capitalist system and our definition of prosperity.

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A bronze statue of a bull fighting with a bear.

Economy

Stocks Enter Bear Market. What Does It Mean?

5:00pm March 12, 2020

by Avie Schneider

Analysts like to say that the stock market is not the economy. But a bear market reflects concerns and anxieties about the economy, and at times a bear market is accompanied by a recession.

President Trump met with hospital CEOs and insurance executives before traveling to Capitol Hill to meet with Senate Republicans to talk about plans to stimulate the economy.

NIH Official Urges Vigilance On Coronavirus As White House Floats Economic Proposals

7:55pm March 10, 2020

by Brian Naylor

"As a nation, we can't be doing the kinds of things we were doing a few months ago," NIH official Anthony Fauci said. President Trump and Vice President Pence are discussing options with lawmakers.

Economy

What Coronavirus Fears Could Mean For Personal Finance

4:58pm March 09, 2020

Personal finance concerns related to the spread of coronavirus are mounting. NPR's Audie Cornish talks with Michelle Singletary, a personal finance columnist for The Washington Post.

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Colorado State Sen. Brittany Pettersen with her husband Ian Silverii and their dog Ollie, last August in their home in Colorado. Petterson, who gave birth to the couple's son this year, has lobbied hard to expand paid family and medical leave throughout t

Paid Family Leave Bill Faces An Uphill Fight In Colorado

8:08pm March 06, 2020

by Markian Hawryluk

Eight states and Washington, D.C., have paid family leave programs funded through payroll taxes. But a similar bill in blue-state Colorado is being watered down.