Author: Paul Davidson, USA TODAY

A report on first-time claims for jobless benefits could show several million Americans were laid off last week — the highest weekly total on record.

Here’s how the COVID-19 relief package affects you and the economy. The bill provides lifelines to working Americans, the unemployed, contractors.

It’s not just restaurants and movie theaters that are eliminating jobs. Small businesses of all kinds are laying off workers.

Initial claims for unemployment benefits may total record 2.5 million this week as coronavirus outbreak spreads, according to a Goldman Sachs estimate

The Fed will lend to financial institutions to ease strains among money market mutual funds as redemption demands increase.

Fed revives crisis-era funding source for short-term business loans as stresses develop amid coronavirus outbreak

Economists say a massive stimulus is needed to rescue the economy from the effects of the coronavirus.

Fed cut rates to near zero, launches bond purchases to pump cash into financial system and encourages bank loans to combat the coronavirus’s impact.

Economists say the coronavirus relief bill passed by the House will help the most vulnerable but more is needed to keep the US out of recession