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The COVID-19 pandemic demands an aggressive direct public health response to contain and treat the virus and strengthen health system capacity.
Once policymakers enact the legislation that House leaders are now negotiating with the Trump Administration, Congress should move quickly to take further bold steps to achieve the dual and related aims of lessening the threat of a major recession and cushioning the financial blow for millions of Americans.
With events involving large numbers of people being canceled and people increasingly avoiding travel, hotels, restaurants, and much more – and with the stock market’s rapid descent – recession looks extremely likely.
Indeed, some economists have said that substantial layoffs and business closure lies ahead.
This makes it essential that policymakers act rapidly to take strong fiscal measures to lessen the damage, both to millions of Americans and to the overall economy.
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