Fed Unveils Massive Emergency Program

“The Federal Reserve on Thursday unveiled emergency programs that could dole out more than $2 trillion in loans to businesses of all sizes, as well as to struggling state and city governments, in a bid to keep the economy afloat as it is ravaged by the coronavirus pandemic,” Politico reports.

“The scope and scale of the programs underscore how serious a threat the virus poses to an economy where millions of jobs have been shed in recent weeks as businesses have shuttered across the U.S.”

CNBC has more details on the program.