Goldman Sachs: Unemployment to hit 15 percent, quarterly GDP to fall 34 percent amid coronavirus outbreak

Goldman Sachs: Unemployment to hit 15 percent, quarterly GDP to fall 34 percent amid coronavirus outbreak

Unemployment will shoot up to 15 percent during the second quarter of the year, while gross domestic product (GDP) will…

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Trump floats restoring full corporate tax deduction for meals as coronavirus derails restaurants

Trump floats restoring full corporate tax deduction for meals as coronavirus derails restaurants

President TrumpDonald John TrumpHealth insurers Cigna, Humana waive out-of-pocket costs for coronavirus treatment Puerto Rico needs more federal help to…

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New Jersey governor, financial institutions agree to 90-day mortgage grace period

New Jersey governor, financial institutions agree to 90-day mortgage grace period

  New Jersey Gov. Phil Murphy (D) announced that he and dozens of financial institutions have reached an agreement on…

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On The Money: Trump signs $2T coronavirus relief bill | Trump uses powers to force GM to make ventilators | Consumer sentiment plunges in March

On The Money: Trump signs $2T coronavirus relief bill | Trump uses powers to force GM to make ventilators | Consumer sentiment plunges in March

Happy Friday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting…

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House leadership advises members to return to DC as Massie weighs roll call vote on stimulus package

House leadership advises members to return to DC as Massie weighs roll call vote on stimulus package

House leadership advised members on Thursday evening to come back to Washington, D.C., on Friday morning if possible, as top…

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Hoyer says House expects to pass Coronavirus bill on Friday

Hoyer says House expects to pass Coronavirus bill on Friday

  But they are also under pressure to quickly act on the $2 trillion legislation that the Senate unanimously passed…

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White House, Senate reach deal on $2 trillion stimulus package

White House, Senate reach deal on $2 trillion stimulus package

The White House and Senate leaders reached a deal early Wednesday morning on a massive stimulus package they hope will…

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Mnuchin, Schumer brief Trump, expect coronavirus stimulus deal Tuesday

Mnuchin, Schumer brief Trump, expect coronavirus stimulus deal Tuesday

Senate Minority Leader Charles SchumerCharles (Chuck) Ellis SchumerSticking points force stimulus package talks to spill into Sunday Trump needs to…

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Senate Democrats block mammoth coronavirus stimulus package

Senate Democrats block mammoth coronavirus stimulus package

Senate Democrats on Sunday blocked a coronavirus stimulus package from moving forward as talks on several key provisions remain stalled….

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No. 2 Republican: ‘Loose ends’ but there is agreement on ‘general contours’ of stimulus deal

No. 2 Republican: ‘Loose ends’ but there is agreement on ‘general contours’ of stimulus deal

Sen. John ThuneJohn Randolph ThuneOn The Money: McConnell sets first vote on coronavirus stimulus for Sunday | Five sticking points…

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