An avalanche of U.S. grants and loans helped the wealthy and companies
that laid off workers. Individuals received about one-fifth of the aid.
The four spending bills that Congress passed earlier this year to address the coronavirus crisis amounted to one of the costliest relief efforts in U.S. history, and the undertaking soon won praise across the political spectrum for its size and speed.
The $4 trillion total of government grants and loans exceeded the cost of 18 years of war in Afghanistan.
“We’re going to win this battle in the very near future,” Senate Majority Leader Mitch McConnell (R-Ky.) said after the Senate approved the Cares Act, the largest of the four measures. Continue reading.