The devastation to the economy is already so massive and unemployment numbers in coming days will look so bad that Washington will have no choice but to get a bill to President Trump’s desk by the middle of next week if not sooner
“In a proposal sent to lawmakers early Wednesday, the department laid out plans to temporarily permit use of its exchange stabilization fund to guarantee money markets, according to the document. Treasury proposed terminating the authority when President Donald Trump ends the national emergency declaration he announced Friday.”
"I expect employment to decline by 1.5-2 million jobs and unemployment to peak just over 5%. This is based on lots of assumptions, including that the virus will largely play out by mid-summer and there will be at least $1 trillion in fiscal stimulus that is implemented by this time next month and is well thought out.” Lots of assumptions indeed.
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