Congress Wants to Give $1,000 to Every American
The U.S. economy is under extreme pressure from efforts to contain the coronavirus pandemic. More than half of America's schools are closed, thousands of businesses have already sent employees home, and state and local governments are banning public gatherings, restricting restaurants to take-out and delivery. Borders are closing around the world, and the hospitality, air travel, and cruise industries are all but closed for business. The outlook for millions of service industry workers is not good. Many will lose their jobs, and many more will face severe reductions in the hours they work.
In an effort to soften the financial blow, a Democratic proposal to send every American adult a cash payment is gaining momentum and now has bipartisan support.
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Source Fool.com
