Federal Reserve to roll out $2.3 trillion in loans to boost U.S. economy

The U.S. Federal Reserve is rolling out 2.3 trillion dollars in loans
for businesses and local governments.

It's a further bid to protect the U.S. economy that has been hit hard
by the coronavirus.

This comes as the Department of Labor announced that the number of
people filing for unemployment benefits surged again.

William Denselow reports from New York.

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