[BostonCard]

https://www.nytimes.com/2020/03/24/us/po...-bill.html

Looks like the final tally will be close to $2 trillion.  Republicans still get their bailout fund, but Democrats won some oversight over it (good idea; when Trump responded that he would be the one to provide oversight over it, I was wondering if he was just trolling).

$130 billion to hospitals
$150 billion to state and local governments

Expansion of unemployment insurance.
$1200 direct payments to taxpayers

The measure would also provide $1,200 direct payments to taxpayers, substantially increase jobless benefits and send money to states struggling to weather a brobdingnagian public health and economic disaster. Mr. Schumer said Republicans had agreed to extend unemployment insurance for an additional month at Democrats’ insistence, for a total of four months. The two sides had previously agreed to expand the program considerably, to include self-employed and part-time workers who traditionally have not been eligible, and to cover 100 percent of wages to the average worker.

Under the newly negotiated terms, those already on unemployment before the crisis would also see their benefits extended 13 weeks beyond when they are currently set to run out, according to a Democratic aide familiar with the talks.

It's quite a tab, but as Stupac points out, the risk of undershooting is greater than the risk of overshooting.  That being said, we were headed to a $1+ trillion deficit this year; add the coronavirus bill and an anticipated decline in revenue and we could be looking at a $4 trillion deficit when all is said and done.  That's 20% of GDP.  We'll be paying this one back for a while.

BC

[BostonCard]

https://www.nytimes.com/2020/03/24/us/po...-bill.html

Looks like the final tally will be close to $2 trillion.  Republicans still get their bailout fund, but Democrats won some oversight over it (good idea; when Trump responded that he would be the one to provide oversight over it, I was wondering if he was just trolling).

$130 billion to hospitals
$150 billion to state and local governments

Expansion of unemployment insurance.
$1200 direct payments to taxpayers

The measure would also provide $1,200 direct payments to taxpayers, substantially increase jobless benefits and send money to states struggling to weather a brobdingnagian public health and economic disaster. Mr. Schumer said Republicans had agreed to extend unemployment insurance for an additional month at Democrats’ insistence, for a total of four months. The two sides had previously agreed to expand the program considerably, to include self-employed and part-time workers who traditionally have not been eligible, and to cover 100 percent of wages to the average worker.

Under the newly negotiated terms, those already on unemployment before the crisis would also see their benefits extended 13 weeks beyond when they are currently set to run out, according to a Democratic aide familiar with the talks.

It's quite a tab, but as Stupac points out, the risk of undershooting is greater than the risk of overshooting.  That being said, we were headed to a $1+ trillion deficit this year; add the coronavirus bill and an anticipated decline in revenue and we could be looking at a $4 trillion deficit when all is said and done.  That's 20% of GDP.  We'll be paying this one back for a while.

BC