• Staying afloat: $2.2 trillion bill offers economic lifeline

    9 days ago - By Chron

    WASHINGTON - In the coronavirus crisis, even doctors can face a cash crunch.
    Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80% as patients stay home and he cancels non-emergency surgeries. He's cut his staff's hours sharply and is negotiating with his creditors.
    “We've reached out to many of our bigger vendors and said, ‘Hey, we may be facing a crash crunch - can you give us a break, or at least defer payments?' Many have been sympathetic,” said Ticho, who owes loans on medical equipment. He's giving his patients a break, too, by holding off...
    Read more ...

     

  • Washington set to deliver $2.2 trillion virus rescue bill

    9 days ago - By Chron

    WASHINGTON - With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system.
    The House is set to pass the sprawling, $2.2 trillion measure Friday morning after an extraordinary 96-0 Senate vote late Wednesday. President Donald Trump marveled at the unanimity Thursday and is eager to sign the package into law.
    The relief can hardly come soon enough. Federal Reserve Chairman Jerome Powell said Thursday the economy...
    Read more ...