Jim Zarroli
Stories
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National
Fed, Treasury Department Split On When To Cut Off Pandemic Loan Programs
Treasury Secretary Steve Mnuchin wants to let the emergency loan programs expire at the end of the year. Federal Reserve Chair Jerome Powell says that's too soon.
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Business
Fate Of Pandemic Funds Sparks Unusual Clash Between Treasury And Federal Reserve
The Fed is pushing back against a request from Treasury to wind down emergency lending programs set up in the wake of the coronavirus.
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Politics
Senate Fails To Approve Judy Shelton's Nomination To Federal Reserve Board
Judy Shelton, the controversial nominee to the Federal Reserve's Board of Governors, failed to advance for a vote in the Senate, delivering Republicans and the Trump administration a major setback.
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Business
Stocks Surge After Moderna's Vaccine News Reinforce Hopes About COVID-19 Fight
Investors were also reassured by comments from two Biden advisers that no nationwide COVID-19 lockdowns are being contemplated.
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Business
Stocks Surge To Record Highs On Vaccine Hopes: Dow Soars 1,300 Points
Stocks soared after Pfizer said its experimental vaccine was 90% effective and after former Vice President Joe Biden was elected president.
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Business
Stocks Post Best Week Since April Despite Tumultuous And Unresolved Election
Investors are betting on at least two more years of divided government, spurring the best weekly stock gains in months.
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Politics
Wall Street Bet On A 'Blue Wave', But Divided Government Suits It Just Fine Too
Stocks have traditionally done well with a Democrat in the White House and Congress under Republican control.
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Business
Stocks Soar As Tense Election Draws To A Close
Investors are betting that Democrats could take control of the White House and the Senate, increasing the prospect of passing a new relief package once the election is over.
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Business
Billions In COVID-19 Relief Loans May Have Been Handed Out To Scammers, Report Says
The Small Business Administration had to quickly disburse coronavirus relief loans. But some of that may have been handed out to fraudsters, an agency report says.
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Business
Stocks Sink As Rising Coronavirus Cases Deepen Fears About Economy
The Dow tumbled more than 800 points as COVID-19 cases surge in the United States and Europe, while next week's election is only adding to the uncertainty over the economy.