CNBC Economy

Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used by other nations to contain the virus quickly because of how Americans feels about individual freedoms.

Mark Zandi of Moody's Analytics' worries businesses may reopen too soon and create another spike in coronavirus cases.

Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdfunding and deferring mortgage payments to stay afloat.

"The reported numbers are probably going to get worse before they get better," Mnuchin said.

As the coronavirus pandemic disrupts supply chains across the country, farmers have been forced to destroy their crops, dump milk and throw out perishable items that can't be stored.

Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used to combat the virus.

Democrats are pushing for at least one more round of direct payments during the coronavirus crisis after many voters got $1,200 stimulus checks.

States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a Fed study found.

Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid coronavirus shutdowns.

An auction May 20 will feature a sale of $20 billion worth as part of an effort to push the record-setting debt levels further out in terms of duration.

Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP.

"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," Clarida told CNBC.

The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt.

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,

President Trump has invoked a Korean War-era law to fight the coronavirus pandemic. The Defense Production Act gives the president extraordinary powers over the U.S. economy, which supporters of the move say is necessary to contain the disease.

As small businesses across the country grapple with economic reopening, one of their biggest fears is that new regulations will be a net negative for post-Covid-19 Main Street.

A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections.

After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy won't return to the way it was, not for a long time.

In the week ahead, the April jobs report is expected to show the highest unemployment since 1939.

Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history