What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus? – By Howard Schneider (Reuters) / May 18 2020
WASHINGTON (Reuters) – Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets.
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo
Fears of overwhelmed hospitals and millions of U.S. deaths from the new coronavirus have diminished, if not disappeared.
Yet two months into the United States’ fight against the most severe pandemic to arise in the age of globalization, neither the health nor the economic war has been won. Many analysts fear the country has at best fought back worst-case outcomes.
For every community where case loads are declining, other hotspots arise and fester; for states like Wisconsin where bars are open and crowded, there are others such as Maryland that remain under strict limits.
There is no universal, uniform testing plan to reveal what is happening to public health in any of those communities.
Continue to article: https://www.reuters.com/article/us-health-coronavirus-usa-stimulus-analy/what-did-eight-weeks-and-3-trillion-buy-the-u-s-in-the-fight-against-coronavirus-idUSKBN22U0FS
