CNBC's Kayla Tausche and Michelle Meyer, Bank of America, join 'Closing Bell' to discuss President Trump's comments that he is not in a hurry to expedite the fourth phase of the stimulus package.

As the Senate reconvenes today, Majority Leader Mitch McConnell is demanding that Congress use the next stimulus bill to protect corporations from liability for workers. "He wants to protect their right to engage in egregious misconduct," says Robert Weissman, president of Public Citizen.

Coronavirus package aims to protect economy and fend off looming hunger crisis

Economic hit of coronavirus risks exacerbating bloc’s divergence, ECB president warns

ECB chief Mario Draghi this week surprised the markets by suggesting that the European central bank could introduce more stimulus to support the global economy. His signal, at an ECB forum in Sintra, Portugal, caused a furious reaction from Donald Trump. Katie Martin discusses the US president’s intervention and the remarks that prompted this with Claire Jones and Chris Giles.

Contributors: Josh Noble, weekend news editor, Katie Martin, capital markets editor, Claire Jones, Frankfurt bureau chief and Chris Giles, economics editor. Producer: Fiona Symon

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Price of key steelmaking ingredient has held up, despite big drop in economic activity

Investors still on edge amid fears over economic impact of widespread shutdowns

S&P 500 closes more than 9% higher as investors cheer Fed backstops and political progress

Shares rally this week on hopes that spread of pandemic may be easing

Scale of unemployment underscores urgency of additional emergency relief funds

Stocks rise but crude tumbles as world’s largest oil ETF cuts stake

Details of historic borrowing plans send government bond yields higher

US job gains since financial crisis wiped out. Switzerland faces sharpest economic contraction since 1974. UK and eurozone business activity hit by historic collapse this month as lockdowns choked Europe’s biggest economies.

Direct payments should be made to citizens and companies

Walmart, which operates urgent care clinics in several of its stores, said it did not request the federal funds, which were sent out automatically to thousands of healthcare providers.

BW Businessworld’s Manish Kumar Jha in a special edition on States' measures & economic policies for Covid-19, spoke with Kerala Chief Minister Pinarayi Vijayan over the phone. That fact that Kerala boosts of India’s finest public healthcare system & emerges the best state as per Health Index Report, prepared it to respond to pandemic proactively. Along, the critical steps like early health advisory and measures for welfare funds set out a positive message by Kerala’s leadership and to other states to emulate its model of health care & governance. But state has precarious fiscal deficit which is now targeted at Rs 29,295 crore (3% of GSDP) for 2020-21. CM tells all.

Weeks after passing a momentous $2.2 trillion stimulus package, President Donald Trump and House Speaker Nancy Pelosi are already saying they might need another relief bill.The package - the fourth stimulus related to the coronavirus pandemic - may include another round of direct payments to Americans, as 16.8 million jobless claims have been filed over the last three weeks.Here's what the major party stakeholders - including Trump, Pelosi, and Senate Majority Leader Mitch McConnell - are hoping the next stimulus package looks like. Visit Business Insider's homepage for more stories.The federal government made history in late March when it passed into law a $2.2 trillion stimulus package, including an unprecedented expansion of unemployment benefits and a massive $349 billion small business

Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.On the latest episode of "Pitchfork Economics," Hanauer and Goldstein talk with the Economic Policy Institute's senior economist, Heidi Shierholz, about how the coronavirus is upending the job market in the United States.Shierholz says she was shocked by the data recently released showing that nearly 10 million Americans had filed for unemployment in the first two weeks of the COVID-19 shutdown - the highest she's ever seen.Visit Business Insider's homepage for more stories.In her role as senior economist and director of policy at the Economic Policy Institute (EPI), Heidi Shierholz spends her days immersed

Donald Trump's desire for a payroll tax cut in the next coronavirus stimulus bill is being rebuked by his own Party this week, indicating the measure won't make it into the next relief package.

Griffith University politics lecturer Paul Williams said even a Coalition government would have to consider raising taxes on high income earners to fund job creation programs for COVID-19 victims.

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%

Stimulus must be in line with tax-GDP ratio: CEA Krishnamurthy Subramanian

Raghuram Rajan clears the air on how to fund stimulus

Many have argued that while India’s lockdown has been the harshest, its stimulus package is one of the smallest — so far. To fund bigger public spending programme, the govt can either ask the RBI to print more money or raise money through borrowing. Former RBI governor Raghuram Rajan has explained how the two paths work and why ‘monetisation’ is a good option.

Chief Economic Adviser K Subramanian said policy making in India happens throughout the year, coming up with a separate budget may only be a legal way to go about it.

On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.

PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power.

The prime minister also had discussions with key economic ministries such as Agriculture and Farmers' Welfare, and MSME to discuss various issues.

In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19.

Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry.

On May 4, the Congress party tweeted a 1.44-minute clip from their conversation and the full interview was released on Wednesday.

The memo gives Biden campaign representatives new language to use in their attacks on Trump and shows a campaign honing an increasingly aggressive tone ahead of the Nov. 3 election.

Experts largely expect the month of May to be a consolidation period though stock specific action could continue due to March quarter earnings.

In the last week the Indian rupee ended lower by 45 paise at 75.55 on May 8 against its April 30 closing of 75.10.

The broader market outperformed, as the SP BSE Midcap index rose 1.4 percent higher, while the SP BSE Smallcap index was up 1.7 percent.

The Indian benchmarks jumped nearly 3 percent on the closing of the long weekend for the market. The investors are still in hope for the stimulus package by the government.

Markets would take back the drive if government does not live-up to the build-up expectations. This uptrend seems to be a short lived and may not be sustainable in coming days.

KV Subramanian said India’s GDP is likely to grow 2 per cent for the full financial year.

Suggests ₹2 lakh crore cash transfer to JAM account holders

The National Institutes of Health receives the vast majority of the support

The National Institutes of Health receives the vast majority of the support

Debt of Centre and states combined is over 70% of GDP already; country is currently just a notch above junk

Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost