Ex-Obama adviser warns of a potential repeat of the financial crisis – CNN

https://www.cnn.com/2020/07/26/business/austan-goolsbee-coronavirus-economy-recession/index.html

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CNN’s u003ca href=”/profiles/phil-mattingliy-profile” target=”_blank”>Phil Mattinglyu003c/a> looks at how one small business is trying to cope. “,”descriptionText”:”The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans. CNN’s u003ca href=”/profiles/phil-mattingliy-profile” target=”_blank”>Phil Mattinglyu003c/a> looks at how one small business is trying to cope. “},{“title”:”IMF lowers global GDP forecast for 2020″,”duration”:”02:10″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/24/imf-economic-outlook.cnn-business/index.xml”,”videoId”:”business/2020/06/24/imf-economic-outlook.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623112739-mexico-city-market-0622-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/24/imf-economic-outlook.cnn-business/video/playlists/business-economy/”,”description”:”The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN’s Clare Sebastian reports. “,”descriptionText”:”The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN’s Clare Sebastian reports. “},{“title”:”Fed official: The virus determines the speed of economic recovery”,”duration”:”04:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business/index.xml”,”videoId”:”business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623113358-mary-daly-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business/video/playlists/business-economy/”,”description”:”Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve’s Covid-19 response. She says keeping businesses afloat is a key priority.”,”descriptionText”:”Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve’s Covid-19 response. She says keeping businesses afloat is a key priority.”},{“title”:”Why the Covid-19 economy is being called a ‘she-session’ “,”duration”:”01:41″,”sourceName”:”CNN”,”sourceLink”:”cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn/index.xml”,”videoId”:”business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200622100617-women-in-bsuiness-coronavirus-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”Women in business have been most vulnerable to the economic devastation caused by the coronavirus pandemic. CNN’s Christine Romans explains.”,”descriptionText”:”Women in business have been most vulnerable to the economic devastation caused by the coronavirus pandemic. CNN’s Christine Romans explains.”},{“title”:”Fewer Black businesses eligible for pandemic aid”,”duration”:”02:54″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn/index.xml”,”videoId”:”business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200622080946-black-owned-business-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”Many small businesses are struggling to reopen during the coronavirus pandemic, with Black-owned businesses being hit especially hard. CNN’s Phil Mattingly reports.”,”descriptionText”:”Many small businesses are struggling to reopen during the coronavirus pandemic, with Black-owned businesses being hit especially hard. CNN’s Phil Mattingly reports.”},{“title”:”The US is in a recession. Here’s what that means”,”duration”:”01:19″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business/index.xml”,”videoId”:”business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200602111037-wall-street-0526-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business/video/playlists/business-economy/”,”description”:”The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business’ Christine Romans explains what that means.”,”descriptionText”:”The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business’ Christine Romans explains what that means.”},{“title”:”All retail bankruptcies are not the same. Here’s what you need to know”,”duration”:”01:55″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/01/retail-bankruptcies-explained-orig.cnn/index.xml”,”videoId”:”business/2020/06/01/retail-bankruptcies-explained-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200601175950-retail-bankruptcy-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/01/retail-bankruptcies-explained-orig.cnn/video/playlists/business-economy/”,”description”:”CNN’s Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.”,”descriptionText”:”CNN’s Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.”}],’js-video_headline-featured-k3qr0x’,”,”js-video_source-featured-k3qr0x”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length

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