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Some economists think the pandemic-fueled national recession lasted just two months,...

The National Bureau of Economic Research’s Business Cycle Dating Committee on July 19 said the pandemic-fueled national recession lasted just two months, ending in...

Pandemic recession ended in April 2020, shortest on record

WASHINGTON (AP) – It hit like a derailed train, was hugely destructive but short-lived. The recession that broke out with the onset of the coronavirus...
SAVINGS EATEN AWAY: Chicago Alderman Tom Tunney, inside the main Ann Sather restaurant in Chicago, estimates he’s put $250,000 of his own money into running his three restaurants. / AP PHOTO/CHARLES REX ARBOGAST

Owners tap into savings to withstand pandemic

NEW YORK – When the coronavirus outbreak forced cruise lines to cancel trips to Alaska, it wiped out Midgi Moore’s tour business, leaving her...
HOT SEAT: Jovita Carranza, administrator of the U.S. Small Business Administration, speaks before a House Small Business Committee hearing on oversight of the U.S. Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington on July 17. / POOL VIA AP FILE/KEVIN DIETSCH

Big companies went to head of line for PPP loans

Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had...
A COMMITTEE of economists from the National Bureau of Economic Research have declared that the U.S. entered into a recession in February. / AP FILE PHOTO/JEFF ROBERSON

A U.S. recession began in Feb. in the face of coronavirus

WASHINGTON (AP) – The United States economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday,...

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