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But the Federal Reserve chairman warns Congress that the "sharp, front-loaded spending cuts" that would come with the so-called sequester could hurt the economy. He recommends "policies that reduce the federal deficit more gradually in the near term but more substantially in the longer run."

Under the health care overhaul, many people who find their job-based health coverage too expensive can get help buying insurance through exchanges. But rules just finalized by the Internal Revenue Service will limit who is eligible for a subsidy and could leave some families shut out.

Another 3.8 million people filed claims for unemployment last week, as the coronavirus pandemic continues to weigh on the U.S. job market. That brought the total for the past 6 weeks to 30.3 million.

Congressional forecasters expect the federal deficit to reach $3.3 trillion during the current fiscal year. By 2023, government debt will reach an all-time high of 107% of GDP.

The new guidelines stipulate religious centers must limit attendance to 100 people or 25% of the building's capacity, whichever is lower. They also recommend against singing and group recitation.

The bank says it will shed nearly 15% of its workforce and $100 billion in investments as it refocuses on growth markets in Asia and reduces operations in Europe and the U.S.

The French Bakers Association wants the baguette added to the United Nation's list of intangible treasures. A true baguette is a mix of 4 ingredients: flour, water, yeast, salt and plenty of time.

The move ensures there will be a debate and vote in both the House and the Senate and forces Republicans to go on the record as to whether they believe President Trump's allegations of election fraud.

China's is likely the only major economy to have expanded in 2020, as the coronavirus pandemic gripped the world.

The Ohio Republican said it's a "tough time to be in public service," citing hyper-partisanship.