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Passengers of the Carnival Sensation, operated by Carnival Cruise Line.

Here’s why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program

The largest cruise lines are incorporated outside the US. That means they won't be able to get a cut of the bailout money under Trump's stimulus law.
U.S. President Trump leads daily coronavirus response briefing at the White House in Washington.

The government’s official scorekeeper just poured cold water all over the Trump administration’s predictions of a rapid economic recovery ...

The forecast from the Congressional Budget Office is at odds with President Trump's optimistic assessment of economic recovery "like a rocket ship."
FILE PHOTO: President Trump addresses the Trump administration?s daily coronavirus (COVID-19) briefing at the White House in Washington

Treasury Department says in reversal that Americans on Social Security don’t need to file a tax return to get a $1,200 stimulus check

The reversal came after the IRS instructed seniors and Americans with disabilities to file a "simple" tax return to get the check, provoking backlash.

White House economists tried warning the Trump administration a pandemic would kill up to 500,000 Americans and cost the economy $4 trillion

The 2019 study blows a hole in the administration's argument that the coronavirus pandemic's damage to the economy was unexpected.
House Speaker Nancy Pelosi, Democrat of California.

Nancy Pelosi’s idea to retroactively lift the limit on state and local tax deductions would be almost useless for people who need the most help

Almost all the benefits of tossing out the SALT cap would go towards richer households — and not average Americans weathering the coronavirus fallout.
A document from Senate Democrats, obtained by Business Insider, reveals some of the details about how the coronavirus stimulus funding might be distributed.

We got a 39-page document that provides clues to how the $2 trillion coronavirus stimulus will be distributed to people and businesses

Senate Democrats drafted a document that provides insight into how the Trump administration could distribute $100 billion to hospitals.
President Donald Trump speaks as Vice President Mike Pence looks on during a briefing on the coronavirus pandemic in the press briefing room of the White House on March 26, 2020, in Washington, DC. The US House of Representatives is scheduled to vote Friday on the $2 trillion stimulus package to combat the effects of the COVID-19 pandemic.

Top economists are deriding the ‘false choice’ between saving lives from coronavirus and maximizing economic growth. Here’s why the ...

The only way to rescue the economy is by ending the outbreak, which has shuttered businesses and forced millions of people to stay home.
U.S. Secretary of the Treasury Mnuchin walks from a meeting for a coronavirus relief package in Washington

Treasury Secretary Mnuchin says record-shattering jobless claims ‘are not relevant’ as coronavirus drives up unemployment

"Obviously, there are people who have jobless claims," Treasury Secretary Steven Mnuchin said in a CNBC interview downplaying the jobs numbers.
The White House.

The Trump administration declined to use an Obama-era pandemic preparedness playbook, Politico reports

The playbook anticipated and planned for many of the same roadblocks the Trump administration now faces in its response to the coronavirus outbreak.
U.S. President Donald Trump addresses the daily coronavirus task force briefing as Vice President Mike Pence and National Institute of Allergy and Infectious Diseases Director Anthony Fauci listen at the White House in Washington, U.S., March 20, 2020.

32 prominent economists from both parties just signed a letter arguing that saving lives from coronavirus would also save the economy

"Saving lives and saving the economy are not in conflict right now," the letter says. It includes signatories from the Obama and Bush administrations.