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The president-elect detailed plans for an initial effort to fight the coronavirus and a subsequent one to address economic recovery.

Despite new pandemic aid, he confronts an economic crisis unlike any since he last entered office in 2009. And political headwinds have only stiffened.

It wasn’t just the Fed or the stimulus. The rise in savings among white-collar workers created a tide lifting nearly all financial assets.

After calling the measure a “disgrace,” President Trump unexpectedly signed the bill, extending expanded unemployment benefits and an eviction moratorium, and keeping the government open.

The president-elect said he would ask Congress soon after his inauguration to pass an additional coronavirus aid package with more money for firefighters, police officers and nurses.

Democrats and Republicans said they had an agreement on another round of pandemic aid, including direct payments to Americans, jobless benefits and funds for businesses and vaccine distribution.

Speaker Nancy Pelosi and Senator Mitch McConnell, the majority leader, have agreed to try to reach a deal that could be included in a must-pass spending measure.

Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.

The top Senate Republican told colleagues that he had advised the White House against striking a pre-election deal with Democrats to deliver pandemic aid, fearing political repercussions.

Two new studies show the effect of the emergency $2 trillion package known as the Cares Act and what happened when the money ran out.

Businesses and the unemployed faced uncertainty as administration officials defended the president’s directives and Democrats criticized them.

Millions of dollars of Paycheck Protection Program loans went to China-backed businesses in critical sectors, a study found.

The Federal Reserve will backstop credit markets through 2020, and is expected to pledge continued economic help at its Wednesday meeting.