ABSTRACT

Massive Aid to State and Local Governments Needed to Slow Economic Damage   [open pdf - 363KB]

From the Document: "The coronavirus pandemic not only threatens the lives of millions of Americans, but it could unfold into a second Great Depression. In just two weeks, 10 million Americans filed for unemployment insurance benefits. The St. Louis Federal Reserve estimates that the unemployment rate could hit 30 percent and second quarter GDP [gross domestic product] could fall 50 percent on an annual basis."

Publisher:
Date:
2020
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Congress, Joint Economic Committee: https://www.jec.senate.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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