Latest from Heather Long
The Fed is taking large and unprecedented steps to keep the U.S. economy on life support during the global pandemic.
  • Apr 9, 2020
Economist say the U.S. unemployment rate is now 12 or 13 percent, the worst since the Great Depression.
  • Apr 9, 2020
The Fed has set up two programs in response to the coronavirus crisis that will support lending billions to big companies. But only firms deemed the most stable – that is, those that have at least an “investment grade” bond rating — are allowed to participate.
  • Apr 7, 2020
Taxi drivers are on the front lines of taking covid-19 patients to hospitals. As cabbies get ill, they can’t pay their bills, including the hefty fees to keep their taxis.
  • Apr 4, 2020
Economists warn it could take years to recover from the coronavirus recession, especially for millions of laid off workers.
  • Apr 2, 2020
Job losses have skyrocketed as restaurants, hotel, gyms, and travel have shut down across the nation, but layoffs are also rising in manufacturing, warehousing and transportation.
  • Apr 2, 2020
Americans on Social Security now have to file a tax return to receive a stimulus check. Most high school seniors and college students won’t get any money at all.
  • Apr 1, 2020
With millions laid off due to the pandemic, some are pulling money from their savings accounts, borrowing money from friends to pay rent or attempting to negotiate deals with their landlords. Some plan to strike.
  • Apr 1, 2020
The Federal Reserve announced a program Tuesday to help insulate the U.S. economy from trouble overseas, another unprecedented action.
  • Mar 31, 2020
Over 80 percent of American adults will receive a payment, according to an initial estimate.
  • Mar 27, 2020