The US finally seems to be coming to grips with the magnitude of the crisis. It has unveiled a $2 trillion economic package, reportedly the largest in world history After being caught on the wrong foot in its response to Covid-19, the US finally seems to be coming to grips with the magnitude of the crisis.
It has unveiled a $2 trillion economic package, reportedly the largest in world history. Under it, loans will be given to businesses, money will be granted to hospitals, and unemployment benefits will be enhanced.
Most importantly, money transfers will be made directly to citizens. This is better than the course taken during the last big financial crisis in the US.