Martin Crutsinger, Author at Providence Business News

70 POSTS 0 COMMENTS

U.S. TREASURY Secretary Steven Mnuchin said that the Trump administration is seeking an additional $250 billion for the SBA's Paycheck Protection Program. / AP FILE PHOTO/ALEX BRANDON

Mnuchin: Additional $250B sought for small businesses

Coronavirus 04/07/2020

WASHINGTON (AP) – The Trump administration will seek an additional $250 billion to support a program designed to help small businesses keep workers employed...

THE DINING section is closed off at East Side Pockets, a small restaurant near Brown University, Wednesday, March 25, 2020, in Providence, R.I. President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising. / AP FILE PHOTO/DAVID GOLDMAN

U.S. consumer confidence sinks as virus begins having impact

Coronavirus 03/31/2020

WASHINGTON (AP) – United States consumer confidence tumbled this month to its lowest level in nearly three years as the impact of the coronavirus...

Consumer spending edges up slight 0.2% in Feb. but declines expected...

Coronavirus 03/27/2020

WASHINGTON (AP) – Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in...

U.S. DURABLE GOOD orders rose 1.2% in February. / AP FILE PHOTO/STEVEN SENNE

U.S. big-ticket factory orders up 1.2% in Feb.

Manufacturing 03/25/2020

WASHINGTON (AP) – Orders to United States factories for big-ticket manufactured goods rose by a solid amount in February, but the gain came before...

THE FEDERAL income tax filing date has been pushed back from April 15, to July 15. / P FILE PHOTO/ROGELIO V. SOLIS

Income tax filing deadline moved to July 15 from April 15

Coronavirus 03/20/2020

WASHINGTON (AP) – The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said. Mnuchin announced...

U.S. JOBLESS CLAIMS increased by 70,000 to a seasonally adjusted 281,000 last week. / AP FILE PHOTO/JOHN LOCHER

U.S. jobless claims jump by 70,000 as virus starts to take...

Coronavirus 03/19/2020

WASHINGTON (AP) – The number of Americans filing new claims for unemployment benefits surged last week by 70,000, indicating that the impact of the...

THE FEDERAL GOVERNMENT will allow businesses and individuals to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. / AP FILE PHOTO/EVAN VUCCI

Administration announces 90-day delay for many tax payments

Coronavirus 03/18/2020

WASHINGTON (AP) – The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past...

THE FEDERAL RESERVE cut its benchmark interest rate by a half-percentage point in response to market instability caused by the spread of the coronavirus. / AP FILE PHOTO/ ANDREW HARNIK

Virus spread prompts Fed to cut rates in emergency move

Economic Activity 03/03/2020

WASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy...