Bloomberg Treasury Secretary Steven Mnuchin plans to boost US borrowing from April through June by an unprecedented $3 trillion to support an economy entering a recession caused by the coronavirus. The Treasury said the increase is driven by new stimulus spending legislation and tax receipt deferrals, steps taken to help the economy overcome social distancing measures that shuttered businesses. Privately ...

Bloomberg The world appears to have reached the limit of its tolerance for economic disruption. Even as the novel virus continues to put lives at risk, governments around the world are beginning the process of reopening. More than $7 trillion has been committed to relief efforts just in the past three months, and many more trillions will need to be ...

Bloomberg Microsoft Corp. delayed the introduction of a foldable, dual-screen Surface laptop that had been planned for the holiday season, saying it will focus the new Windows 10X operating system on single-screen devices like tablets and notebook PCs. “Single-screen devices will be the first expression of Windows 10X that we deliver to our customers,” Panos Panay, chief product officer of ...