California Gov. Newsom's administration announced that the state faces a staggering $54.3 billion deficit as the coronavirus pandemic pummels the economy.
The World Bank president says it's important for the global economy for the U.S. and other major economies to end their coronavirus lockdowns in order for poorer countries to not be crippled.
In an op-ed, Minneapolis Federal Reserve Bank President, Neel Kashkari, said that raising that amount from private investors today would ensure that large banks can support the economy over a broad range of virus scenarios.
"A global recession – perhaps of record dimensions – is a near certainty," he said.
Despite the 11-year economic expansion, 22 states’ unemployment trust funds are unprepared to pay out enough in unemployment benefits.
Mnuchin said he speaks regularly with Federal Reserve Chairman Jerome Powell, though he declined to provide further details about their conversations.
Democrats and Republicans are putting aside their political differences for the good of the country amid the coronavirus crisis.
Market strategist Alicia Levine sees a 50 percent chance of a recession hitting because of coronavirus.
Despite efforts by Congress and the Trump administration, the global financial rout showed no signs of slowing on Friday.
The median bear market for oil lasts 92 business days and includes a price decline of 34 percent. The current selloff has been just 46 business days.
This is a time to be united, not a time to point fingers or encourage hate, and yet, we see the opposite from the left.
On average, recessions since the end of World War II have ranged anywhere from six months to 16 months.
Some investors don't think the U.S. economy is out of the woods, and the virus's spread outside of China has heightened worries.
Although expansions don’t die of old age, growth also doesn’t last forever, and eventually, the economy will enter a downturn.
US Commerce Secretary says this week's trade deals have solidified the economy
CEOs ranked a potential recession as their No. 3 concern in 2018.
Stocks and bonds are signaling the US may sidestep a slowdown.
Hong Kong's economy contracted by 3.2 percent in the third quarter, government data showed.
U.S. presidents are 11 for 11 in winning reelection if they can avoid a recession in the final two years of their first term.
Fifty percent of Americans say the U.S. economy will avoid a recession.