In a single quarter, the government will borrow more than twice as much as it did all of last year, as the cost of the coronavirus pandemic dwarfs previous deficits.
SBA data show that demand is still very high for the loans, and that smaller amounts are going out this time. But large, multimillion-dollar loans are still eating up a good chunk of the money.
Businesses like book, clothing, toy and sporting goods stores as well as music shops and florists, will be able to reopen with modifications as early as Friday.
U.S. auto plants are gradually starting to reopen. New safety measures, from social distancing to face shields, are being put into place, while some workers are anxious about the risk of an outbreak.
At least 18 very large crude carriers, each carrying 2 million barrels of oil, are headed to the U.S. American shale producers and some lawmakers are worried.
Under the new order, restaurants and retail stores can open. It does not extend to the three most populous counties, all in South Florida, which are home to most of the state’s confirmed cases.
“Don Shula was the patriarch of the Miami Dolphins for 50 years,” the Hall of Fame coach’s team said in a statement. Shula had 347 career wins, more than any other coach in NFL history.
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