U.S. Economy

GE hammered by steep declines in jet-engine business

The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.

Who is Kevin Hassett?

Kevin Hassett returned to the White House in March because of coronavirus.