$1 trillion Coronavirus stimulus unveiled: corporate bailouts and loans, checks for all-
[reason.com]
The Treasury Department on Wednesday released an outline for a third coronavirus stimulus bill, which includes bailouts and loans for the airline industry, small businesses, and other "critical sectors" of the U.S. economy; a temporary suspension on the limitations placed on the Exchange Stabilization Fund; and direct payments made to Americans.
The $1 trillion package comes as the Trump administration attempts to curb the economic chaos caused by the coronavirus, with many state and local governments imposing widespread restrictions that make business operations untenable. North Carolina, Washington, Pennsylvania, Maryland, New York, Ohio, Illinois, Massachusetts, California, Michigan, Washington, D.C., and others have issued temporary closures or limitations on bar and restaurant service as the nation is encouraged to practice social distancing in an attempt to stop the spread of COVID-19.