After the Cares Act, Hospitals and Businesses Need Sustained Support

In contrast with the halting, gradual responses to the 2007-09 financial crisis, policy makers moved quickly to limit the costs of the economic shutdown forced by the Covid-19 pandemic. The $2 trillion Cares Act recently signed by President Trump is a big step toward stability, but more action is required. Even more important is careful thought about what that action should try to accomplish, what form it should take, and how it will shape fiscal choices going forward.

Goldman Sachs economists released a report at the end…

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