With another $3 trillion stimulus package on the line, here’s everything the government has done to rescue the economy so far: by theothersarahh
The $484 Billion ‘Interim’ CARES Act
This legislation package, passed by a scrambling Congress after the PPP exhausted its funding after just two weeks, added $310 billion for the PPP, with $60 billion of that money reserved for smaller businesses without existing banking relationships. That move was prompted by the intense backlash that emerged after news broke that dozens of public companies—with ample access to capital markets—had received millions of dollars in loans.
during the current quarter to cover the massive cost of the federal government’s response to the coronavirus crisis. That number only accounts for the legislation that has been passed to date, however, and it will grow dramatically if the Heroes Act becomes law.
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