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Andrew Taylor

SENATE MAJORITY LEADER Sen. Mitch McConnell said Friday that Congress is unlikely to deliver another big COVID-19 relief bill before the election. / AP FILE PHOTO/MANUEL BALCE CENETA

McConnell says no COVID-19 bill likely before Election Day

WASHINGTON (AP) – President Donald Trump's most powerful GOP ally in the Senate said Friday that Congress is unlikely to deliver another big COVID-19...
THE U.S. SENATE is poised to vote on a trimmed-down Republican coronavirus relief package, according to Senate Majority Leader Mitch McConnell. / AP FILE PHOTO/J. SCOTT APPLEWHITE

McConnell: Senate to vote on ‘targeted’ virus aid

WASHINGTON (AP) – Senate Majority Leader Mitch McConnell, under pressure from GOP senators in tough reelection races, said Tuesday the Senate would vote on...
U.S. TREASURY SECRETARY Steven Mnuchin said that the Trump Administration has dropped its current bid to cut Social Security payroll taxes as Republicans prepare to unveil a $1 trillion COVID-19 rescue package. / AP FILE PHOTO/EVAN VUCCI

White House drops payroll tax cut after GOP allies object

WASHINGTON (AP) – The White House reluctantly dropped its bid to cut Social Security payroll taxes Thursday as Republicans prepared to unveil a $1...
THE SENATE has passed legislation that lower an original requirement that at least 75% of Paycheck Protection Program money be used on payroll costs, reducing that threshold to 60% of the loan. / AP FILE PHOTO/PATRICK SEMANSKY

Senate passes fix for small-business coronavirus relief

WASHINGTON (AP) – The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage...
THE CBO has projected a $3.7 trillion U.S. budget deficit due to the economic impact of COVID-19 as well as spending related to the pandemic. / SUSAN WALSH

CBO says deficit to reach $3.7 trillion in economic decline

WASHINGTON (AP) – A recession caused by the coronavirus pandemic and a government spending spree on testing, health care and aid to businesses and households...
PRESIDENT DONALD TRUMP signed a bill Friday that includes a $250 billion replenishment of funds to help small- and medium-size businesses with payroll, rent and other expenses. / AP FILE PHOTO/ALEX BRANDON

Trump signs $484B measure to aid employers, hospitals

WASHINGTON (AP) – President Donald Trump signed a $484 billion bill Friday to aid employers and hospitals under stress from the coronavirus pandemic that has killed more...
FUNDING FOR the SBA's $349 billion Paycheck Protection Program has been depleted after it approved nearly 1.7 million loans. / AP FILE PHOTO/CARLOS OSORIO

Business owners left out as lending program goes on hold

NEW YORK (AP) – The government’s lending program for small businesses is tapped out, leaving business owners who still need loans waiting for Congress...
HOUSE SPEAKER Nancy Pelosi of Calif., accompanied by House Minority Leader Kevin McCarthy of Calif., left, House Majority Leader Steny Hoyer of Md., right, and other bipartisan legislators, signs the Coronavirus Aid, Relief, and Economic Security Act after it passed in the House on Capitol Hill, Friday, March 27, 2020, in Washington. The $2.2 trillion package will head to head to President Donald Trump for his signature. / AP FILE PHOTO/ANDREW HARNIK

House passes $2.2T rescue package, rushes it to Trump

WASHINGTON (AP) – Acting swiftly in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life...
CONGRESS AND the White House have reached an agreement on a $2 trillion deal to fight the impacts of COVID-19. / AP FILE PHOTO/CAROLYN KASTER

White House, Congress agree on $2 trillion virus rescue bill

WASHINGTON (AP) – The White House and Senate leaders of both major political parties announced agreement early Wednesday on an unprecedented $2 trillion emergency...
THE U.S. TREASURY DEPARTMENT has proposed dedicating $500 billion to start issuing direct payments to Americans by early next month. / AP FILE PHOTO/CAROLYN KASTER

Treasury proposal: Deliver $500B to Americans starting April

WASHINGTON (AP) – The Treasury Department said Wednesday it wants to dedicate $500 billion to start issuing direct payments to Americans by early next...

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