Even with $1 trillion stimulus, hit to economy and employment from virus will be big [CNBC]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: CNBC
The double-barreled approach of a $1 trillion proposed fiscal stimulus program head off a potential financial crisis. The is seeking a stimulus package worth between $850 billion and $1 trillion that could result in emergency funds for individuals and assistance for small businesses and credit for industries hard hit by the reaction to the virus. But even with proposed stimulus, the view of economic forecasters has become more dire in recent days as companies seeking cash strain credit markets and the shutdown of business activity sends shock waves across the economy Treasury Secretary Steven Mnuchin said the administration's plan could put cash directly in the pockets of Americans. And administration sources told CNBC said there could be $500 billion to $550 billion in direct payments or tax cuts; $200 billion to $300 billion in small business assistance and $50 billion to $100 billion in airline and industry relief. As a big swath of the U.S. economy shuts down or retrenches to pre
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MCO
News
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MCO's page on the SEC website