However, reopening the nation’s economy will require work at the state level. Many governors across America have issued stay-at-home and shelter-in-place orders. Some of these orders last through April, whereas others are set to maintain through June and possibly even longer.
Per health officials from the coronavirus task force, the worst periods of COVID-19 are likely to pass soon. According to Drs. Deborah Birx and Anthony Fauci, social distancing is working and stopping the spread of coronavirus. On Thursday, Fauci stated that “cautious optimism” is present as officials monitor the situation and project a turnaround.
Offsetting Economic Harm from Mass Shutdowns
While so much of the economy remains closed, President Trump and his administration have taken action to provide some financial relief to Americans. Passing the CARES Act allows qualifying people to receive cash payments from the government; meanwhile, small businesses, large corporations, and others are set to get certain loans, grants, and other forms of financial aid.
