package

Coronavirus Economy: What We Know About The GOP Stimulus Package

$600 unemployment checks are about to stop. Congressional Republicans have put forward a stimulus plan. We’ll dig into the details.

Guests

Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth. (@Claudia_Sahm)

Kenneth Rogoff, professor of economics and public policy at Harvard University. Co-author of “This Time Is Different.” (@krogoff)

Heather Caygle, Politico reporter covering Congress. (@heatherscope)

From The Reading List

Politico: “‘It’s a mess’: Republican senators deride key proposals in GOP virus package” — “he jockeying on Capitol Hill underscores how far apart both parties remain — and the treacherous path Senate Majority Leader Mitch McConnell faces as he confronts internal GOP divisions and kicks off negotiations with Democrats.”

Washington Post: “Coronavirus relief talks hit impasse on Capitol Hill” — “Negotiations on a new coronavirus relief bill hit an impasse on Capitol Hill on Wednesday,

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EU finance ministers wrangle over coronavirus rescue package (Reports)

EU finance ministers wrangle over coronavirus rescue package (Reports).

EU talks on how to help southern Eurozone countries badly affected by the coronavirus epidemic have stalled after 16 hours.

The European Central Bank says the bloc may need up to €1.5tn ($1.6 trillion; £1.3tn) to tackle the crisis.

European finance ministers were close to a deal, but the talks broke down amid a dispute between Italy and the Netherlands over how to apply the recovery fund.

Negotiations will resume on Thursday.

The coronavirus pandemic has exposed deep divisions in Europe, where Italy and Spain have accused northern nations – led by Germany and the Netherlands – of not doing enough.

The row comes as the EU’s top scientist, Mauro Ferrari, resigned citing Brussels’ “disappointing” response to the pandemic.

The Italian, who was head of the European Research Council for less than four months, said in his resignation statement that a

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Muhyiddin inspects implementation of Prihatin package at Finance Ministry | Malaysia

A live broadcast of Prime Minister Tan Sri Muhyiddin Yassin unveiling the special Covid-19 stimulus package in Kuala Lumpur March 27, 2020. ― Picture by Yusof Mat Isa
A live broadcast of Prime Minister Tan Sri Muhyiddin Yassin unveiling the special Covid-19 stimulus package in Kuala Lumpur March 27, 2020. ― Picture by Yusof Mat Isa

PUTRAJAYA, April 2 ― Prime Minister Tan Sri Muhyiddin Yassin today visited the Economic Stimulus Implementation & Coordination Unit Between National Agencies (Laksana) at the Ministry of Finance here to monitor the implementation of the Prihatin Rakyat Economic Stimulus Package (Prihatin) announced last Friday.

Muhyiddin said Laksana is responsible for ensuring the initiatives worth RM250 billion announced under Prihatin package is well implemented.

“I understand the allocation channels to register taxi drivers and tour guides would be carried out starting today.

“I hope the registration and review process for Bantuan Prihatin Nasional (BPN) would proceed smoothly,” he said.

During the visit, Muhyiddin was briefed by the National Budget Office director cum Laksana unit head Johan Mahmood Merican on the operation of Prihatin

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How small business owners may benefit from the $2 trillion federal aid package

Overall, small business groups are pleased some assistance is coming. But they also stress the package — which includes close to $400 billion in aid for small business owners — is still not enough to save Main Street.

“This doesn’t cure the crisis. It’s a good start. But more support will be needed,” said Derek Peebles, executive director of the American Independent Business Alliance (AMIBA).

The provisions are also unlikely to save those small businesses that will have to come up with cash to stay afloat until they can actually get the government’s aid money in hand.

“There’s no way many can keep going,” said John Arensmeyer, CEO of Small Business Majority, a national small business advocacy group.

Speed will be key to helping any small business survive, especially when it comes to dispensing the forgivable loans that will be available to owners who keep paying their employees during the

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