economy

U.S. Senator Chris Murphy
Steve Helber / AP

U.S. Senator Chris Murphy of Connecticut says he’s open to negotiating with Republican leadership in Washington in order to get what he calls an essential rescue package to state and local governments. But Connecticut’s other senator, Richard Blumenthal, appears less open to compromise.

Kevin Hagen / AP

Economists say the 4.8% drop in the U.S. GDP reflects a huge downturn in economic activity in New York and Connecticut, and that the region might not quickly recover.

LM Otero / AP

The Federal Reserve has extended its loan program to cities and counties. This could help property taxpayers who have lost work due to coronavirus shutdowns. 

Courtesy of Pixabay

Frontier Communications filed for bankruptcy this week. It’s more than $10 billion in debt. The company provides broadband service in Connecticut and 28 other states. It employs more than 2,000 people in Connecticut.

Craig Adderley from Pexels

Nassau County will study the economic impact of the coronavirus on local businesses.  

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