Economy

History suggests deflation is unavoidable in the near term, regardless of central banks' attempts to forestall it. Some companies will falter, but others are positioned to survive or even thrive.

"There's not going to be any desire on the Republican side to bail out state pensions by borrowing money," he said.

The Wharton professor also weighed in on the price of oil tumbling below zero.

The decline was linked to the May futures contract, which expires tomorrow, forcing sellers to find buyers.

Crucial characteristics of the recovery effort that will determine how quickly the U.S. economy can rebound.

In the Main Street Lending Facility, eligible borrowers can have up to 10,000 employees or up to $2.5 billion in revenue.

One manufacturer's back-to-work guide shows the daunting task ahead.

A New York Fed survey of consumers shows growing expectations of job losses and spending declines.