It wound up taking just weeks for the coronavirus pandemic to shut down nonessential businesses across most states, as well as put more than 36 million people out of work. Knowing full-well the implications of shutting down large swaths of the economy to slow disease transmission, Congress passed and the president signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27. For example, the CARES Act provided $500 billion for distressed industry loans, close to $350 billion for small business loans, $100 billion for hospitals, and apportioned $260 billion to expand the unemployment benefits program through July. Read More...
There’s an Unorthodox Stimulus Proposal Gathering Steam on Social Media
It wound up taking just weeks for the coronavirus pandemic to shut down nonessential businesses across most states, as well as put more than 36 million people out of work. Knowing full-well the implications of shutting down large swaths of the economy to slow disease transmission, Congress passed and the president signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27. For example, the CARES Act provided $500 billion for distressed industry loans, close to $350 billion for small business loans, $100 billion for hospitals, and apportioned $260 billion to expand the unemployment benefits program through July.
Add Comment