An update on the coronavirus bill: the details so far are the bill would give each household $3000 per family plus $4 trillion in other help to businesses.
Officials still have to iron out details. Details are missing from nearly all of the coverage of this bill, including, where will the money come from? Will taxes go up to pay for this? By how much?
Source https://news.yahoo.com/virus-aid-bill-includes-3-133834616.html?.tsrc=jtc_news_index
Nearly 80 million Americans have been ordered to stay home, with many ordered to stay home only if they can work from home. Population of the US is about 360 million right now.
Recessions normally don’t happen unless certain official indicators are decreasing for 3 straight months in a row. For more info on economic indicators of many types go to the Federal Reserve site here.
