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CARES Act Passes Congress; Stimulus Bill Next on Agenda

The only story in Washington, D.C., this week has been the speedy action by the House and Senate to pass the $2 trillion relief package to send money to most Americans, boost state unemployment insurance, provide assistance to small businesses, and create a $500 billion stabilization fund to rescue large businesses caught in the changed economic reality of the coronavirus spread.

With passage of the CARES Act the Congress will adjourn for a month and come back in late April in order to consider additional bills to deal with coronavirus crisis. The CARES Act is a relief measure and the next bill is likely to be a stimulus act to help boost consumer spending and getting companies big and small to open their doors.

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