Maxine Waters

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By Anita Sharpe, Tom Moroney, Christopher Palmeri and Laurel Calkins
April 17, 2020 10:50 AM

The Internal Revenue Service processed more than 80 million stimulus payments on April 10 in a centerpiece of a $2.2 trillion effort to shore up the battered U.S. economy.

4 Min Read
Democrats like Sen. Sherrod Brown of Ohio, left, supported measures such as a temporary ban on overdraft fees. But many consumer protection proposals did not make it in to the final stimulus package negotiated by Senate Minority Leader Chuck Schumer, D-N.Y.
Neil Haggerty
April 1, 2020 9:00 PM

If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees or placing a temporary cap on consumer lending rates.

5 Min Read
Fed Chairman Jerome Powell has suggested that the central bank could issue more forward guidance and direct more asset purchases. But Powell has also urged the White House and Congress to take actions on their own.
March 17, 2020 4:12 PM

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

6 Min Read