U.S. Economy

Last year, the company suffered a $20.5 million net loss, ending the year with just $2.1 million in cash on hand

Congress created the $610 billion program to keep small businesses afloat during the coronavirus pandemic.

Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the $600 billion Main Street Lending Program.

Kudlow said the sweetened unemployment benefits are deterring some Americans from returning to work

In his role as leader of the Richmond Fed, Barkin, 59, is responsible for the bank's monetary policy, bank supervision and regulation and payment services.

The New York Fed is the largest of the 12 district banks in terms of assets and is responsible for purchasing and selling outstanding U.S. Treasury securities. 

The event was originally scheduled for April 20 before being pushed back to Sept.14 by Boston Mayor Martin Walsh.

George is not a member of the rate-setting Federal Open Market Committee this year; she will return as an alternate member in 2021.

The Fed created the $500 billion facility to directly purchase state and local debt.

The move is intended to guarantee the forgivable loans reach traditionally underserved communities, the agencies said.

Cohn urged Congress to focus on the next stage of the nation's economic recovery.

Gross domestic product, the broadest measure of goods and services produced across the economy, fell at a seasonally adjusted annual rate of 5 percent.

It marks the eighth week in a row of declining jobless claims since the peak of 6.9 million the week ended March 25.

Lawmakers say these workers are critical to keeping vulnerable small businesses afloat.

Bullard said policymakers should consider incentives for workers to return to their jobs instead

Most of the Fed’s 12 districts reported a sharp decline in economic activity, the central bank said.

The San Francisco Fed represents the twelfth district in the U.S., which is the nation's largest by area and population.

The concept of a four-day workweek has been kicked around for years, but it's gained some momentum during the coronavirus pandemic

One year after last summer's chaotic and frequently violent anti-government protests, the Chinese government has announced that it plans to pass a controversial national security law.

The coronavirus pandemic has caused 38.6 million job losses