‘Just damage containment’: Cost of the coronavirus shutdown keeps rising

Politico (USA) | Mar 26, 2020 at 6:42 PM
  • The mammoth $2 trillion rescue package on the brink of heading to President Donald Trump’s desk would plug some of the massive holes coronavirus is ripping through the American economy.
  • Economists and Wall Street analysts mostly suggest the package, coupled with massive stimulus efforts from the Fed, will boost the fight against the virus and cushion the massive hit to businesses and individuals.
  • For corporations, Treasury will be able to leverage $500 billion in loans, loan guarantees and direct investments, including $25 billion for the airline industry.