Counting to $2.2 Trillion: The CARES Act
On March 27th, 2020 the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law. The act will provide roughly $2.2 trillion in aid as a response to the COVID-19 outbreak.
Today's article will break down where the $2 trillion is going. It diverges from our typical article pro/con format as the scale of this stimulus is unprecedented and research of the potential implications is currently underway.
Before we kickoff, let's take a moment to put the $2 trillion figure in context. The CARES Act dwarfs the...