US relief checks begin arriving as economic damage piles up
WASHINGTON (AP) — Government relief checks began arriving in Americans’ bank accounts as the economic damage to the U.S. from the coronavirus piled up Wednesday and sluggish sales at reopened stores in Europe and China made it clear that business won’t necessarily bounce right back when the crisis eases.
With many factories shut down, American industrial output shriveled in March, registering its biggest decline since the U.S. demobilized in 1946 at the end of World War II. And retail sales fell by an unprecedented 8.7%, with April expected to be...