U.S. Treasury Secretary Steven Mnuchin said while he is sensitive to concerns over increasing federal debt, it’s essential to spend money to rescue the economy as the fight against COVID-19 continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The House is anticipated to pass a $484 billion coronavirus economic relief bill on Thursday (April 23), which was approved by the Senate on Tuesday (April 21) following a two-week stalemate. The new funding to the Coronavirus Aid, Relief, and Economic Security (CARES) Act will include...
The U.S. government, after its initial attempt, has still not rolled out a national testing program for the coronavirus. Nonetheless, two Chinese eCommerce giants are staking out turf in COVID-19 testing as the pressure builds to test more people and get the world economy on...
“Looking back on the impact of past crises, my belief is that a black swan is an accelerator of trends, rather than a game-changer or reverser,” PingPong President and Chief Business Officer Ning Wang told PYMNTS. Read his unique perspective on how adoption of real-time...
Attorney General William Barr advised some state governors that the Department of Justice (DOJ) would consider legal action if social distancing mandates are too strict in areas where coronavirus cases are dropping. Get the Full Story Complete the form to unlock this article and enjoy...
According to ex-Starbucks CEO Howard Schultz, a $1 trillion ‘bridge to a vaccine’ may be the only way to save small businesses from going under. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The recent spike in joblessness has attracted no small share of attention for the very good reason that the figures taken from any angle are incredibly eye-catching. Unemployment filings came in at roughly 5 million last week, according to U.S. Labor Department statistics, a brutal...
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The unprecedented $2 trillion stimulus package pushed forward a little over a month ago was no doubt created and passed with the best of all possible intentions. After all, no lawmaker or administration official wants to be “the one” standing in the way of getting...
