Economics & Environment -  U.S. economy begins to shut down (48 views) Notify me whenever anyone posts in this discussion.Subscribe
 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostMar-17 10:43 AM 
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U.S. economy begins to shut down

As the pandemic curtails consumer activity, business groups, local and state leaders, and a growing chorus of lawmakers and economists are urging the federal government to pay workers to stay home and to funnel money to struggling companies.
The main trade group for airlines has suggested a $50 billion bailout might be needed for carriers. President Trump’s chief economist, Larry Kudlow, said on Monday that he did not expect the industry to need a rescue but that the government would do what it could.

Global markets were mixed today, after the S&P 500 fell 12 percent, its worst daily decline since 1987. Here’s the latest.

 
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