Author: Paul Davidson, USA TODAY

Fed Chair Powell Says the recovery from the coronavirus ecession can be d ‘robust’ but the Fed is in no hurry to pull back the aid it has provided

Fed announces $600B lending program for midsize firms

Europe is using wage subsidies to help workers and businesses through the coronavirus pandemic. Some say the U.S. should follow suit.

Small businesses are seeking emergency loans in massive numbers. overwhelming the system.

Employers cut 701,000 jobs in March as the coronavirus pandemic began to take a toll on the economy, breaking 10-year string of gains. Millions of layoffs are expected.

The number of Americans filing jobless claims rose to 6.6 million last week. Some economists expect tens of millions of layoffs in the next couple of months.

States reliant on tourism and manufacturing could be hit hardest by coronavirus-related job losses while five rural states could be most insulated.

Several million more jobless claims were likely filed last week as layoffs mount because of the economic damage caused by the coronavirus.

Congress and many states and localities are protecting tenants, and landlords, who can’t pay their rent or mortgages because of the coronvirus.