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Fallout of '08 bailout looms over Washington negotiations

Usa Washington city Washington, area District Of Columbia area District Of Columbia president Government crisis
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WASHINGTON, D.C. – In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse.

They also unwittingly reshaped American politics, unleashing a populist furor that lingers in both parties to this day. More than a decade later, those same political forces are shadowing a new debate over emergency government spending — only with far more taxpayer money at stake and even greater uncertainty over Americans’ futures.

On the table: a nearly $2 trillion rescue package for major industries, small businesses and individuals impacted by the fast-moving coronavirus.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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