by Harvest Prude
Posted 3/23/20, 11:19 am
WASHINGTON—Senate Democrats voted Sunday to block an economic relief bill because it did not have enough worker protections. The $1 trillion proposal includes $350 billion to help small businesses make payroll and up to $1,200 for each taxpayer. Lawmakers will vote again on Monday.
How is the economy responding? Markets slumped again Monday morning. The Federal Reserve tried to give them a boost by announcing it will buy unlimited Treasury bonds. The Fed also will lend to businesses and local governments to keep credit flowing.