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Wells Fargo profits collapse as it sets aside $3 billion to weather coronavirus crisis

Wells Fargo’s first quarter profits suffered as the bank set aside billions to gird for the effect the ongoing economic shutdown will have on the world economy.The bank posted 1 cent of earnings per share for the first quarter, down from $1.20 per share during the same quarter last year. The bank is preparing for defaults from businesses and consumers affected by the novel coronavirus pandemic.“We have entered into a world we have never seen before,” CEO Charlie Scharf said on an earnings call. “There are many unknowns.”The San Francisco-based bank was one of the first banks to post earnings s...

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Watch: Trump's cascading coronavirus failures laid out in devastating timeline

The Trump administration’s response to the coronavirus pandemic has been a deliberate disaster from the beginning. But don’t take my word for it – just look at the facts.

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In California, early coronavirus action 'makes a difference'

Swift and strict containment measures in California appear to have succeeded in reducing hospital overcrowding and mass deaths from coronavirus, according to health experts in the country's most populous state.

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Trump 'caused unnecessary death and disaster': Nancy Pelosi slams 'weak' and 'incompetent' president

Speaker of the House Nancy Pelosi delivered a brutal dose of truth to President Donald Trump Tuesday night, calling the nation's president "weak," his leadership "incompetent," and charging he "took insufficient action and caused unnecessary death and disaster," by poorly managing the coronavirus pandemic.

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Read it: Trump administration draft plan on how to re-open America for business -- starting May 1

Terrified of losing re-election President Donald Trump is plowing forward with a plan to re-open the nation for business regardless of how many lives will be lost to the coronavirus as a result.

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Congress looking at rule change to prevent repeat of Thomas Massie's disastrous stunt: report

The previous round of coronavirus stimulus, the CARES Act, hit a serious snag when one member of Congress, Rep. Thomas Massie (R-KY), demanded a quorum call, meaning the legislation couldn't pass by simple voice vote and hundreds of members had to drag themselves back to D.C. in the middle of the night to record their votes.

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Trump ripped for ‘transparent campaign stunt’ to get his name on stimulus checks

On Tuesday, reports showed that President Donald Trump plans to require the Treasury Department to put his name on every paper stimulus check that goes out to U.S. households — with the result that many people's checks will be delayed unnecessarily for political points.

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‘Unprecedented decision’ by Trump to require his name on stimulus checks could slow delivery to millions: report

On Tuesday, The Washington Post reported that the Treasury Department will be requiring every physical stimulus check being sent out to bear President Donald Trump's name.

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Stimulus oversight panel has only one member — and he’s communicating via an unverified Twitter account: report

On Tuesday, Bloomberg News painted a damning picture of the current state of a key congressionally-created watchdog group to oversee the $2 trillion coronavirus stimulus program.

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'Who cares?' Trump tells reporter he can't relay question from someone who is absent

At Tuesday's White House coronavirus press briefing, a reporter told President Donald Trump he needed to ask two questions.

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Trump scapegoats World Health Organization to deflect from his coronavirus mismanagement – will defund during pandemic

President Donald Trump is now scapegoating the World Health Organization (WHO), claiming it must be held accountable for what he claims is their fault that the coronavirus spread into the United States. Trump took no responsibility for his actions allowing the coronavirus to spread throughout the U.S.

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Trump slammed for his latest 'deeply pathetic' tirade attacking the World Health Organization

President Donald Trump laid into the World Health Organization yet again at his Tuesday coronavirus press briefing, blaming them for delays in the national response to COVID-19 even though it took his own administration a month of urging by experts to do anything meaningful.

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US appeals court says Texas cannot ignore the Constitution to suspend abortions during pandemic

Abortion rights advocates on Tuesday withdrew a petition to the US Supreme Court to force Texas to reinstate the right to abortion during the novel coronavirus pandemic, after an appeals court ruled in their favor.

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