The Wildcat Tribune

Breaking down the biggest economic stimulus package in US history

The $2 trillion stimulus package is the largest of its kind, allocating funds for business bailouts, governments and low-income families.

Sanjana Ranganathan and Jade Wang

May 3, 2020

On March 25, American lawmakers passed a $2 trillion stimulus package allocating bailouts to businesses, funds for state and local governments, and direct payments to low income families among other programs with hopes of boosting the economy amidst the COVID-19 pandemic. This marks the biggest emergenc...

COVID-19 severely impacts small businesses

Small businesses that comprise 99.9% of all businesses have been particularly hard-hit by COVID-19.

Daniela Wise, Owen Spargo, and Ananda Mayuri Chakkenchath

May 3, 2020

As the COVID-19 crisis gains momentum, small businesses in the United States are facing severe financial impacts due to stay-at-home orders that have called for “non-essential businesses” to shut down abruptly. In 2018, a report by the Small Business Association (SBA) found that within the U.S., 99....

COVID-19 ravages economy, leaving over 20 million Americans unemployed

The leisure and hospitality industry faced a massive unemployment shock in March due to COVID-19.

Nihal Singh, Copy Editor

May 3, 2020

Over the past month, the Department of Labor released data revealing a record-breaking 20 million Americans losing their jobs as state legislatures –– in compliance with the federal government –– issued orders to shut down non-essential businesses and shelter in place. To put that figure int...

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Economy