Roughly four weeks ago, history was made. In the wake of an unprecedented pandemic, Congress passed and President Trump signed the largest economic stimulus in history. The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act provides $500 billion in loans to distressed businesses, nearly $350 billion for small business loans (a figure that was quickly fulfilled by banks) and $260 billion to expand the unemployment program.
But the primary highlight of the CARES Act is the $300 billion set aside for direct stimulus payouts to approximately 140 million American households.
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