Congress is racing to pass a $2 trillion package as the rapid spread of the coronavirus has upended day-to-day life in the United States.
The bill, which passed by the Senate late Wednesday, marks an unprecedented attempt by the federal government to revive the economy and prevent a deep recession. By comparison, the 2008 Troubled Asset Relief Program (TARP) was $700 billion.
The legislation would have a far-reaching impact while it tries to pump money toward workers, small businesses and industries that have been impacted by the recent economic downturn. Continue reading.