Top RSM economist discusses $484B in new aid
The U.S. House of Representatives on Thursday passed a $484 billion aid package to provide relief for small businesses, hospitals and coronavirus testing efforts. The new aid replenishes the federal Paycheck Protection Program, which was quickly depleted earlier this month. RSM US Chief Economist Joe Brusuelas discusses what this new round of aid means for small and midsize businesses.
The CARES Act, including a proposed main street lending program, offers help to middle market businesses facing challenges from COVID-19.