"Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," Federal Reserve Chairman Jerome Powell said in a statement.
Supermarkets, hospitals, gas stations and banks are some of the businesses that have been deemed too critical to be closed.
One in five workers said they'd be unable to meet those basic financial needs in less than one week under quarantine.
The federal government is lined up to borrow and spend trillions of dollars to combat the economic crisis triggered by the coronavirus pandemic.
In Virginia, one struggling restaurant owner faces losing his business because of the coronavirus pandemic, but he is doing what he can to help the staff he had to lay off.
"Without vigorous steps, the CDC estimates the COVID-19 will infect 70 to 150 million Americans," Michael Hicks tells Newsweek. "This would have enormous economic costs."
Fewer sick people should be the best ethical choice, right? But what about the question we're not allowed to ask?
As the blow to the economy from the spread of COVID-19 becomes apparent, it's important to take steps now to protect your family's finances and prepare for what lies ahead. Here's what you need to know and do now.
"The numbers are changing on almost an hourly basis," said Chip Rogers, CEO of the American Hotel & Lodging Association.
Treasury Secretary Steven Mnuchin has suggested individuals would receive a one-time payment of $1,000, although details are still in the works.
Hopes are now pinned on fiscal policy to soften the blow of a deep recession caused by the coronavirus pandemic.
The COVID-19 pandemic is horrific, but the weaknesses in our economy aren't new. The economy never was the stock market. The economy is all of us.
As the coronavirus undid the economic gains of the past three years, financial professionals told Newsweek what President Trump should do.
The president is a keen watcher of stock markets and has made a point of noting record highs. Now they are in sharp decline during an election year.
"The vast costs associated with health care represent one of the most important and contentious issues facing Americans today," said researcher Joseph Dieleman.
The Dow Jones, S&P and Nasdaq correction reflects investors re-assessing the potential economic damage caused by the coronavirus.
The Conference Board's Consumer Confidence Survey released its first monthly report since the end of President Donald Trump's impeachment trial in the U.S. Senate.
The president attacked his predecessor on Twitter after the latter took credit "for more than a decade of economic growth and the longest streak of job creation in American history."
More than half of respondents rated economic conditions as either excellent or good, while only 9 percent said they were poor—that's the lowest such rating since immediately after the terrorist attacks on September 11, 2001, Gallup reported.
Part of the problem Biden may have in lining up labor support is his own coziness with union-busting corporations.
The president also joked that he could stay in office for a further 21 years, prompting cheers from the crowd.
The Massachusetts senator and Democratic 2020 presidential candidate is pledging to overhaul the U.S. economy with a number of reforms.
The Trump administration is waging trade wars against China, the European Union, and others, and the tariffs are costing many American manufacturers money.
During the 2016 election campaign, President Donald Trump said he'd wipe the federal debt. But it is rising and the deficit is widening.
There are a dozen smart moves to make now to safeguard your finances: Shore up your safety net, improve your job prospects, work on your trouble spots, protect your retirement savings and more.
There is a 35 percent chance that President Donald Trump escalates his trade war with China and others, Moody's Analytics says.
President Donald Trump doubts the veracity of economic data, according to a report, because he thinks economists are trying to stop his reelection in 2020.
As the leading U.S. stock markets dropped and signs pointed to a recession, #TrumpSlump trended on Twitter.
A shift from fossil fuels to clean energy could leave many workers behind. That's why the climate proposal includes provisions for protecting workers' rights.