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‘Better than nothing’- the U.S. $900 billion COVID-19 stimulus helps but underwhelms The $900 billion pandemic aid package expected to win Congressional approval on Monday will deliver support to a recession-ravaged economy slowing under a deadly coronavirus surge, and set it up for a stronger recovery next year as vaccines become more widely available, economists said. But it comes months after the last big fiscal aid package was passed and lacks direct help to struggling states and cities, as millions remain unemployed and businesses suffer anew from fresh restrictions to slow spread of the virus. “While the deal is months late and will likely fall short of what is needed to prevent a rough winter, it’s better than nothing,” said Gregory Daco, the chief U.S. economist for Oxford Economics.

United statesSan franciscoDavid shepardsonCarl tannenbaumJosh bivensArindrajit dubeDan burnsHeather timmonsGregory dacoMary dalyKathryn anne edwardsWendy edelbergUniversity of massachusettsBrookings institutionEconomic policy instituteFederal reserve