Small business loan program plagued by outages, delays as second wave of aid begins

E-Tran, the Small Business Administration's electronic system used to help process applications for government-backed aid, has suffered glitches amid the first wave of applicants.

Trump signs $484 billion measure to aid employers, hospitals

resident Donald Trump has signed a $484 billion bill that aids employers and hospitals under stress from the coronavirus pandemic.

1 in 4 Americans have lost job because of coronavirus; most think they'll return to work

One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes

Task force created to work on reopening Central Texas economy

Travis County Judge Sarah Eckhardt, Austin Mayor Steve Adler, and Austin Chamber President and CEO Laura Huffman spoke about the task force and also discussed what the public needs to know and do before the economy is reopened.

Texas State launches Bobcat Cares Program to provide $30M in student assistance

The CARES allocation will help Texas State students deal with the financial burden caused by the COVID-19 crisis and assist with the costs of attending college by providing money directly to them.

Dow rises as S&P, Nasdaq slip in volatile session

The Dow Jones Industrial Average rose 110 points, or 0.47 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite climbed 0.62 percent and 0.55 percent, respectively.

New home sales plunge 15.4% in March as virus hits

Sales of new single-family homes dropped to a seasonally adjusted annual rate of 627,000 last month, according to the U.S. Department of Commerce.

US unemployment claims surge by another 4.4 million

More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.

Dow climbs 456 points as oil stabilizes and small business funding nears

The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.

Social Security and Medicare funds at risk even before coronavirus pandemic

For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.

City officials discuss Austin Economic Injury Bridge Loan Program

The program provides loans up to $35,000 for daily needs like rent, payroll, and debt. The news conference is scheduled for noon and FOX 7 Austin will air online and on our Facebook page.

People missing out on stimulus checks because spouses are immigrants

Roughly 1.2 million U.S. citizens did not receive stimulus checks because they are married to immigrants who don’t have social security numbers and joint-filed their taxes.

Dow tumbles 631 points as oil selloff deepens

The Dow Jones Industrial Average tumbled 515 points, or 2.18 percent, in the opening minutes of trading. The S&P 500 and Nasdaq Composite dropped 1.76 percent and 1.2 percent, respectively.

AP: Publicly traded firms get $300M in small-business loans

The Paycheck Protection Program was supposed to help small businesses, which typically have less access to quick cash and credit.