Tuesday, June 2, 2020

Congress erred in timing of CARES Act measures

https://prospect.org/coronavirus/unsanitized-cares-act-temporary-relief-state-cuts-bankruptcies/

 

In April, personal income went up hugely but personal spending went down. In May, we will see a big decline in personal income because aid to households will be cut off and spending will remain low.

 

Charlie Cooper

 

 

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