Flash update: Payden & Rygel

March 30, 2020

The US Senate has unanimously passed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, the largest fiscal stimulus package in modern US history, with an estimated amount of US$2 Trillion (9.2% of GDP).

To put that number into context, the Recovery Act of 2009 was $831 Billion (5.7% of nominal GDP at the time).

The Payden Economics Team has put together a summary of the key highlights of the 883-page bill and what they mean for the US economy.

Click here to read the summary.

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