Congress continues to negotiate a $2 trillion stimulus package to address the economic challenges caused by COVID-19. A deal is expected to be reached Tuesday, but the sticking point is that the Senate has yet to come to an agreement on what stipulations should be imposed on corporations that will receive funding.
While congress continues to hammer out the details, the Federal Reserve announced Monday that it would lend to small and large businesses, as well as local governments in order to mitigate economic damage.
Source: Associated Press, March 2020