Stark warning as Congress considers $3T relief package l ABC News

As the new jobless numbers come out, the chair of the Federal Reserve has warned of lasting economic damage due to the shutdown amid coronavirus.
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49 thoughts on “Stark warning as Congress considers $3T relief package l ABC News

  1. I think we should try to see how we can get people who are healthy back to work, instead of throwing money at every problem. Having another 3T spent would not only increase our debt .it also decreases the value of the dollar. Our money has not been gold based for a long time ,it’s based on debt. And in the end if other countries don’t see USD as a strong currency anymore. That would mean nobody’s going to buy our debt . And so far the only country that would be able to bail us out would be China . Which is really concerning and sad .

  2. Let's just see how many more trillions will be used to bail out companies instead of helping out the people who needs food on the table and other necessities to survive from this outbreak?!

  3. We should be hearing from this guy just as much as we do from Anthony Fauci. The virus and the economy are deeply interconnected at this point. We have to put an end to this one-sidedness.

  4. Even if everything opens today..people are in fear for themselves and their children..limiting store occupancy and if your customers even come back..profit margins will be slim..

  5. Why was there no mention of the reason Republicans will block it: Pelosi’s ridiculous partisan wishlist to fund the arts again, pay illegal immigrants, etc.

  6. ABC Fake News Spent Nearly Two Years Lapping Up Bug-Eyed Burbank Bolshevik Adam Schiff’s Trump-Russia Collusion Lies

  7. Always something b4 president debate since theres no war we have to kill the economy that's been doing so good what does Nancy Pelosi wants out of it

  8. Mt family is worried about the future, and every time Trump opens his mouth, I worry a little more. I have zero confidence in his administration.

  9. Best time to invest in an IRA cause you'll be able to enjoy your earnings in the future without paying these stimulus taxes 😆

  10. Well this whole mess arrived at the right time when black Americans were to receive some type of reparations. But it shows all Americans the government has the funds to bail out businesses and the ultra rich. But the people get coins if that but keep bailing out banks businesses and funding other projects that don't need or can wait. The people can die off to depopulate its crazy. People want to work and support their families nobody wants to be sitting at home doing nothing collecting minimum wage unemployment benefits. Thank God for it but its exactly what it is. If the government doesn't act now for the people we are all in hot water. Businesses will go under period without the people.

  11. Wow!!!! they are on top of it here. this is so amazing that they can come to their conclusions like that. i would never have realized this was happening if i had not fumbled across this network. keep up the amazing work that you do here, while the rest of us follow the unmasking ok. have a nice day

  12. We wouldn't have to bailout every business and pay unemployment if we had competent OSHA regulations and the PPE to prevent virus transmission in our workplaces and on public transportation. Testing would help but more than half the victims are asymptomatic so we really need PPE designed for pandemics and enough publicity on their proper use so we can work, commute, shop and play safely. You could buy PPE for 2,000 people for the cost of one COVID hospitalization and we pay for that too because they don’t have insurance because they’re recently unemployed. GIVE US PPE, NOT DEATH.

  13. If we can get a bill for infrastructure that would solve this crisis. Of course, we need testing and contact tracing but everyone could work. We need new roads and bridges plus new rural hospitals. Where are the new ideas??

  14. Just remember whose hands we are in ppl. Do you REALLY trust CONGRESS? Financing useless wars? Giving tax breaks to WALL STREET? THINK PPL. THINK.

  15. Really love this channel.Makes us learn english in a simple way.This inspired me to create my own channel on poetry recitation and narration😍😊

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