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The next step, getting money to Americans, has sparked disagreement.
The Senate will vote on a House bill providing free testing. But the next step, getting money to Americans, has sparked disagreement.
The coronavirus pandemic is a shock to economies that were already weakening, he says.
Swift, strong action could help prevent a major economic crisis, economists and strategists say.
As U.S. braces for virus fallout to get worse, the Commercial Paper Funding Facility and Primary Dealer Credit Facility are designed to support corporate liquidity.
Yields in the CP market have reached levels not seen since 2008, leaving some corporates scrambling to find cash elsewhere.
They're putting together communication strategies and plans to deal with staffing disruptions, among other issues.
The Fed's surprise rate cut Sunday foretells "an avalanche of horrible data in the next few weeks," an economist says.
It also pledged to buy some $700 billion in Treasury and mortgage bonds in response to fallout from the coronavirus.
"Insiders are a reasonable barometer for the outlook of companies—who better to know what your future prospects may be?"
