That's bigger than TARP
Bloomberg reports that Chuck Schumer will offer a $750 billion proposal to tackle the coronavirus, including:
- Direct cash transfers
- Unemployment benefits
- Medicaid funding boost
- COVID-19 testing
- Federal loan forbearance
- Small biz help
- Emergency child care
- Meds/food delivery for seniors
I feel like this is only the beginning. A $50B aviation bailout is already in the works. The deficit is going to hit $2 trillion, easily. I may be underestimating that by half as revenues collapse.
