Economics
The Times America Went Big and Flooded Economy With Federal Cash
- From FDR to Obama, fiscal actions have been game-changers
- Stock plunge puts pressure on Trump to step up virus response
This article is for subscribers only.
Fear and panic spread through financial markets Monday in what’s set for the biggest crash since 2008 -- and so did pleas for the U.S. government to deploy all its spending power against the economic threat posed by the coronavirus.
It wouldn’t be the first time America has resorted to large-scale fiscal stimulus in a peacetime emergency.