US House Approves Massive $2.2T Coronavirus Stimulus Bill
Pelosi: “Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years.”
Pelosi: “Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years.”
Strategist: “Gold has tied itself with the equity markets. There are so many unknowns heading into the weekend, and though gold is a safety asset, there is just a reluctance to add risk-on.”
Economists say the economy is already in recession. Weekly claims are the most timely labor market indicator.
New York Governor Andrew Cuomo said the $3.8 billion allocated to his state was not nearly enough. His state accounts for roughly half of all U.S. cases.
The stimulus bill will include about $500 billion in direct payments to people, in two waves of checks of up to $1,200 each.
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