Fed rolls out up to 2.3 trillion in loans to aid towns and firms
The Fed activates a Main Street Lending Program under the CARES Act aiming to extend up to 2.3 trillion in loans to households, businesses, and local governments. Powell says relief will be forceful and a robust rebound could follow as virus containment allows a return to work.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Congress
Jerome Powell
Brookings Institution
Powell
Treasury
Steven Mnuchin
U.S
Germany imports seasonal farm workers to ease harvest rush
Berlin and Duesseldorf welcomed two planeloads of Eastern European farmhands as Germany launches a controlled program to import up to 80 000 seasonal workers in April and May amid virus precautions. Workers from Romania Bulgaria Ukraine and Hungary will fly in groups, undergo medical checks, and stay separate for two weeks.
MENTIONED IN THIS ARTICLE
Berlin
Duesseldorf
Romania
Bulgaria
Ukraine
Hungary
Germany
Europe
Julia Kloeckner
Kloeckner
Frankfurt-Hahn
Eurowings
Karlsruhe
Leipzig
Nuremberg
Frankfurt
France
Spain
Luis Planas
Air travel in US plunges to 60 year low amid pandemic
TSA screened 94,931 people on Wednesday, a 96 percent drop from a year earlier, marking the second straight day under 100,000. Airlines for America notes U.S. passenger volume last averaged below 100,000 daily in 1954, the jet age dawn. Public polling suggests fewer than half will fly within six months, with a slower recovery expected.
MENTIONED IN THIS ARTICLE
Transportation Security Administration
TSA
Airlines For America
Boeing
U.S
Public Opinion Strategies
Stifel Nicolaus
Also Mentioned on This Page
Small Business Administration
Portsmouth
N.H
Charles Krupa
Angela Charlton
Paris
Joseph Wilson
Barcelona
Craiova
Schoenefeld
Soeren Stache
Delta Air Lines
Kansas City International Airport
Kansas City
Charlie Riedel
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