What’s in the 2 Trillion Coronavirus Stimulus Bill

March 30, 2020

How spending has been allocated to bolster the economy through the pandemic

U.S. lawmakers have agreed on the passage of a $2 trillion stimulus bill called the CARES (Coronavirus Aid, Relief, and Economic Security) Act to blunt the impact of an economic downturn set in motion by the global coronavirus pandemic. On March 27, 2020, President Trump signed the bill into law. With most forecasters predicting that the U.S. economy is either in a recession now or heading into one, policymakers have crafted legislation that dedicates historic government funding to support large and small businesses, industries, individuals and families, gig workers and independent contractors, and hospitals.