Congress' response to the 2008 financial crisis sparked a decade of inequality and resentment. The US is now repeating that mistake.
Business Insider
Experts say aid to individuals and small businesses has been slow to arrive, which is deepening the economic pain. The coronavirus pandemic abruptly halted that momentum, and caused another generational emergency only a decade removed from the last one. Now, the stunning speed and ferocity of the nation's economic collapse over the last three months rivals the Great Depression nearly a century ago.
In order to help businesses and individuals survive the economic shutdown, Democrats and Republicans in Congress along with the Trump administration have crafted deals authorizing $3.5 trillion in government spending. But the fragile consensus around the early response has quickly melted away — just as the lifeline of federal assistance is set to expire this summer for jobless Americans with little prospect of a quick economic rebound.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Instagram to share ad revenue with influencers - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
7 mistakes millennials regret making with their money during college - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Singapore's financial centre will emerge as big winner of a draconian Chinese law - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
3 things people forget to save money for, from a financial planner - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
A Goldman Sachs cryptocurrency report angered true fans | Currency News | Financial and Business News | Markets InsiderOn Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment. Th...
Weiterlesen »
Sequoia backed a startup tackling the college affordability crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »