91ÊÓƵ

Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession.

The Trump administration has upgraded its already dire warning to Americans against all international travel as the coronavirus outbreak spreads.

Congressional leaders announced efforts to draft an economic stimulus package of up to $1 trillion meant to assist portions of the transportation sector, the supply chain and consumers anticipating financial turmoil as a result of the coronavirus pandemic.

The New Jersey Department of Transportation announced that $30.1 million has been awarded to counties and municipalities for projects meant to help facilitate large-truck traffic.

Tesla, the Bay Area’s largest manufacturer, has greatly reduced the number of workers coming to its Fremont, Calif., assembly plant, though it’s not clear if the cutbacks put it in full compliance with health orders Alameda County and five other Bay Area counties imposed Monday to stem the spread of the coronavirus.

The Senate on March 18 cleared for President Donald Trump a multibillion-dollar aid package targeting individuals affected by the coronavirus disease, known as COVID-19.

The Federal Motor Carrier Safety Administration on March 18 issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency supplies in response to the coronavirus outbreak.

After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trump’s inauguration.

The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics.

The Treasury Department said March 18 it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.