WASHINGTON—The rapidly escalating COVID-19 pandemic has led to an aggressive response from the U.S. government, with unprecedented coordination between fiscal and monetary authorities.
President Donald Trump signed into law on March 27 a $2.2 trillion economic rescue package to address the severe disruptions caused by the CCP virus, commonly referred to as the novel coronavirus. Economists believe that the relief measures for cash-strapped households and businesses are bound to have some positive effect on the economy.
