NEWS: Wobbly U.S. fiscal response could deepen coronavirus recession

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The U.S. government has made great efforts to care for the economy through the coronavirus crisis, which is believed to be a stop in the $22 trillion system to enrich individuals and enterprises without wasting detailed cash.
Delays have increased from technical failures to confusion about policy priorities. The federal government's chaotic response is likely to intensify and prolong the historic recession due to the speed of its outbreak.
Countries are trying to deal with outdated claims for unemployment related to outdated technology. Large companies, including those imprisoned by the "social alienation" act, have no idea of the details of the promised loans. Millions of small businesses are desperately looking for cash, and banks still lack the right paperwork days to get into loan schemes.
The Federal Reserve, which is blocking most and large enterprises in the financial system under the open-ended bond purchase program here, has not yet completed the "main street" project promised by the comprehensive safety net of credit.
To make matters worse, businesses warned that the initial $2.3 trillion in aid passed by Congress at the end of last month was not enough.
Gregory DACO, chief U.S. economist at Oxford economics, said that every day when there was no federal money to attract people, "it was an unnecessary blow to businesses and families in the United States.".


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