Economy: Fiscal stimulus package on the way
admin | March 20, 2020
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The details of a bipartisan stimulus package are being nailed down in the Senate, with a vote expected on Monday March 23rd. The package is likely to include direct payments to taxpayers of up to $1,200 each, with payments phased out for higher earning households; $58 billion in government provided loan guarantees for passenger and cargo airlines; $150 billion in loan guarantees for large businesses and $300 billion for the hardest hit small business sector. Federal tax deadlines will probably be extended until July 15th and student loan payments will be deferred for three months without penalty. The WSJ article is here. Sources: WSJ, APS
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