Suppliers expect to have so much crude oil on their hands next month they don’t know where they will put it all. That’s why one benchmark for the price of American oil briefly got as low as minus $37.63 on Monday. By Tuesday, it rose back above zero.
The U.S. central bank hopes trillions of dollars in new loans will keep American businesses afloat until the COVID-19 pandemic ends. The Federal Reserve took steps Thursday to pump $2.3 trillion into the economy by buying municipal bonds, making loans to medium-sized businesses, and other similar actions.
The governor called it heartbreaking, but the state legislature said it was lawbreaking. As Kansas tries to contain its growing number of COVID-19 cases, Gov. Laura Kelly on Tuesday extended her executive order banning public gatherings of 10 or more people to church services and funerals. The Democrat said the order “brings me the greatest sadness” of any she has issued in her time as governor, but it was necessary. Not so, said the Republican-controlled legislature, which voted to overturn the executive action.
Supreme Court | Pro-lifers, conservatives praise Trump’s third SCOTUS pick
