03.26.2020 0

Will states reopen their schools & economy sooner or later? That will determine extent of recession.

Senate paves road to reopening economy with coronavirus relief bill, but when will states reopen schools?
http://dailytorch.com/2020/03/senate-passes-coronavirus-relief-bill-paves-road-to-reopening-economy-but-when-will-states-reopen-schools/

The U.S. Senate has passed a $2.2 trillion legislative package 96-0, by far the largest in U.S. history, to keep tens of millions of Americans on payroll and expand unemployment benefits to those who are laid off while the country waits out the deadly Chinese coronavirus that poses additional risk to seniors and those with underlying conditions. President Donald Trump has offered April 12, Easter Sunday, as a national goal to begin reopening what he says are “sections” of the country where the outbreak is not so bad. Every state however for the moment has effectively shut down their schools, creating a daycare problem for tens of millions of parents, many of whom are temporarily working from home or are furloughed. To get the economy reopened, President Trump and his administration will have to work with governors in all 50 states, who have 50 different plans about how long everything should remain closed. So long as schools remain closed, the country and the economy will largely remain on standby and the longer the recession we are in will last. What do you think?

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