A Staggering Number Of Americans Have Lost Jobs And Federal Efforts Have Done Little To Stop The Bleeding
There's a growing agreement between economists that the government's actions were too small and came too late to help in a significant way. The Federal Reserve announced that it is rolling out a $2.3 trillion "Main Street" program to bolster local governments and small- and mid-sized businesses, but experts say that still might not even be enough. The full impact of the virus may take years to grasp, but economists agree that its legacy is likely to be economic devastation and mountains of debt.