In one of its worst-ever years in peacetime, the US has been able to nurse a consolation. As badly as it handled the Covid-19 pandemic, it was quick to soften the economic effects. Fiscal relief for a shuttered economy achieved bipartisan support in March. The $2tn Cares Act — worth roughly a tenth of national output — raised unemployment benefit, offered credit to companies and shored up state governments. Given the initial defeat of the 2008 bank bailout in Congress, none of this was inevitable.
"politic" - Google News
August 06, 2020 at 04:01PM
https://ift.tt/31kmAZU
The politics of fiscal relief is failing Americans - Financial Times
"politic" - Google News
https://ift.tt/3c2OaPk
https://ift.tt/2Wls1p6
/cloudfront-us-east-1.images.arcpublishing.com/bostonglobe/VNG7YMZTRWJ5WBFTJ5NVETPCQI.jpg)
No comments:
Post a Comment