The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a recovery is under threat from a resurgence in new cases of coronavirus. The bulk of the deepest contraction in at least 73 years reported by the Commerce Department on Thursday occurred in April when activity almost ground to an abrupt halt after restaurants, bars and factories among others were shuttered in mid-March to slow the spread of coronavirus.
Episodes
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May 02, 2024
2,000 arrested at U.S. campus protests
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May 01, 2024
Pushing for a cease-fire in Gaza
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April 29, 2024
Cease-fire deal is on the table