The $2 trillion relief bill is massive but it won’t prevent a recession

The Senate just passed a $2.2 trillion relief package for the economy -- the biggest in U.S. history -- by an unanimous vote. The House is expected to approve it soon and President Trump is eager to sign it. The good news is the majority of the money is going to laid-off workers, small business owners, hospitals and state and local governments. The bad news is it won’t be enough to stop a recession. And it’s an open question whether the nation can avoid an economic depression, the likes of which haven’t been seen since the 1930s. (Wash Post)

Read Full Article