Is $1 trillion enough to stop a recession?

 Zachary B. Wolf of CNN –

The US and governments around the world continue barreling into uncharted territory as they seek to contain COVID-19 — and deal with the sudden resulting halt to the world economy.

– President Donald Trump reached back into history and invoked authority under the 1950 Defense Production Act to ramp up production of medical supplies as doctors and nurses warn of shortages.It’s not exactly clear how the law will be applied, and Trump later stressed he only plans to use it in a “worst-case scenario.” But it’s a reminder that the President has a lot of emergency authority. We actually don’t know how much. Elizabeth Goitein of New York University’s Brennan Center for Justice answered a CNN Q&A about what the law says.


About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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