The government's coronavirus mortgage bailout has now swelled to nearly 3 million borrowers, and the expectation is that the numbers will multiply. Mortgage servicers are struggling to make up those payments to bondholders and are begging for a bailout.
Paying costs for companies developing tests would create a "gold rush" of testing that would help offset the steep damage already done by the economic shutdown, the Fed's Bullard said.
Procter & Gamble reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like toilet paper ahead of the coronavirus outbreak.
Microsoft President Brad Smith said Friday that the company's relationship with Bill Gates still is strong, despite the co-founder leaving the board last month.
Michael Cohen, the former personal lawyer and fixer for President Donald Trump, will be released from prison and be allowed to serve the remainder of a three-year sentence due to concerns about the coronavirus
The new guidance ramps up pressure on governors to loosen their restrictions, even as health experts and business leaders alike warn that widespread testing systems are needed before Americans can safely start returning to their normal lives.
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