Yesterday, the stock market on Wall Street had their largest single day move since 2008 on expectations of the largest fiscal stimulus package in modern American history. The White House and Senate leaders reached a deal early this morning on a stimulus bill to combat the economic impact of the coronavirus outbreak. Washington is hoping the deal will set the stage for a robust economic recovery. Deemed “the largest rescue package in American history” the legislation will pass the vote later today.
In a time where there seems to be an endless onslaught of negative news feeds, it’s important to take a step back and recognize the good deeds that communities are doing for each other. Neighborhoods across the country are stepping up to the plate and doing their part to keep everyone afloat. Service industry workers are among the hardest hit by mandatory shutdowns, but new projects like Carnegie Mellon University’s (CMU) “Pittsburgh Virtual Tip Jar” are working hard to alleviate some of the financial stress.