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Economy

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Tracking the virus crisis' economic impact

With many Americans stuck inside and millions out of work, few are spending as much money as they did before the coronavirus pandemic hit. Tony Dokoupil traces the ripple effects of the economic crisis for our series Financial Fallout. He speaks to one woman who has not been able to go to her favorite diner since losing her job, and the owner of that diner, who says her story along with many others' leads to a lack of cash flow that could potentially mean bankruptcy.

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Trump mulls task force for economic recovery

More Americans are disapproving of President Trump's handling of the coronavirus crisis as it wears on. The president is mulling a new economic task force focused on getting the economy back up and running once the worst of the pandemic is over, while Democrats and Republicans on Capitol Hill disagree over how much more financial aid is needed to help Americans. Ben Tracy is at the White House where the coronavirus task force is working to pull the country through the worst of the crisis.

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Goldman Sachs commits $550M to small business

Small business owners are scrambling to get loans that will keep their businesses afloat while the U.S. economy weathers the coronavirus pandemic. Congress is considering a plan to give them an additional $250 billion, while Goldman Sachs has stepped up to commit $550 million to relief efforts. Company chairman and CEO David Solomon joins “CBS News” for his first network broadcast interview to talk about the donation as well as how he thinks the pandemic will continue to affect the economy.

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