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Will the $2 trillion American coronavirus economic bailout package be enough?

Analysis: Underneath the headline figure, what’s this package actually made up of? Who will benefit? And is it really as substantial as it sounds? Ben Chu investigates

Thursday 26 March 2020 23:57 GMT
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Republican Senate leader Mitch McConnell described it as: ‘In effect … a wartime level of investment’
Republican Senate leader Mitch McConnell described it as: ‘In effect … a wartime level of investment’

Two trillion American dollars. That’s almost a tenth of the size of the entire US economy, the world’s largest.

It’s a quarter of total American public expenditure last year.

The Coronavirus Aid, Relief and Economic Security Act, passed by the Senate earlier this week and due to go before Congress today, sounds huge.

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