The record-breaking amount reflects a US economy put into deep-freeze almost overnight. The government-ordered shutdown hasn't just shuttered businesses temporarily, it has vaporised the jobs of millions of Americans - many of whom are the particularly vulnerable hourly service workers who live paycheque to paycheque.
The stock market free-fall and early reports of layoffs foreshadowed Thursday's grim news, prompting Congress to craft its largest-ever aid package, which passed the US Senate Wednesday night. The test now will be whether the multi-trillion-dollar relief will do enough, quickly enough, to staunch the bleeding.
What's clear at this point, however, is the physical disease that is afflicting tens of thousands of Americans and growing will be accompanied by an economic ailment that adversely affects the lives of millions.
Read more: Coronavirus: Trump knows economic meltdown brings political pain - BBC News
The stock market free-fall and early reports of layoffs foreshadowed Thursday's grim news, prompting Congress to craft its largest-ever aid package, which passed the US Senate Wednesday night. The test now will be whether the multi-trillion-dollar relief will do enough, quickly enough, to staunch the bleeding.
What's clear at this point, however, is the physical disease that is afflicting tens of thousands of Americans and growing will be accompanied by an economic ailment that adversely affects the lives of millions.
Read more: Coronavirus: Trump knows economic meltdown brings political pain - BBC News
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