THE COVID-19 PANDEMIC has emerged as a significant threat to our economy. This is reflected in falling stock prices, in whole industries grinding to a halt, and in the actions of business leaders and politicians.
This week the Trump administration and Congress moved to address the economic costs of the outbreak by considering a plan to send checks directly to Americans. On Thursday, Sen. Mitch McConnell released a $1 trillion stimulus bill that, among other things, would give many Americans a $1,200 check. Most Republicans have lined up behind the proposal and the White House has announced support.