Your guide to how Washington shapes business and the economy

| FRI, MAR 20, 2020 | | | Hello, The coronavirus news out of Washington changes seemingly every minute, so here's a roundup of the most recent developments. - Senate Republicans have proposed a stimulus bill that would provide billions of dollars to industries being hammered by the coronavirus crisis. The measure also includes direct cash payments to American families.
- The bill does have some strings attached for companies that would take bailout money, including caps on executive pay and provisions for the government to take equity stakes in eligible firms.
- The Trump campaign and the RNC have shifted their fundraising strategy into the virtual realm as people avoid social contact and try to slow the spread of the virus.
- Two Republican senators are under fire for selling stock before the massive coronavirus selloff in markets.
- Meanwhile, President Trump's main arguments for his reelection are collapsing as the pandemic sickens hundreds more in the U.S. each day and cripples wide swaths of the economy. Can he find a new message?
Thanks for reading, and be sure to continue following CNBC.com's comprehensive coverage of the coronavirus response. Thoughts? Email me at CNBCPolitics@nbcuni.com. Have friends or colleagues who might like this newsletter? They can sign up here. |
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