Betty Liu Explains: What is the CARES Act?
April 16, 2020
VIDEOSGZERO World with Ian BremmerQuick TakePUPPET REGIMEIan ExplainsGZERO ReportsAsk IanGlobal Stage
Site Navigation
Search
Human content,
AI powered search.
Latest Stories
Sign up for GZERO Daily.
Get our latest updates and insights delivered to your inbox.
Global Stage AI for Good Summit
WATCH RECORDING
In 60 Seconds
Short, concise, and to the point, In 60 Seconds covers world news, US politics, the view from Europe, and more.
Presented by
What is the CARES Act? So, you've been hearing a lot about this, the CARES Act, that's basically relief that is aimed at helping American individuals, families, small businesses that have been impacted by the coronavirus outbreak. It entails a $2 trillion aid package that does many things, including offering loans to small businesses, extending the unemployment insurance program and even direct payments to American taxpayers, among other things.
If it works as expected, how will the stimulus package impact the economy?
So, the package, as you imagine, is designed to inject trillions of dollars into the economy. That's to the benefit of the American worker, the families that have been affected. And also, as I mentioned, the small businesses, a detailed analysis is not yet available on the impact. It's hard to quantify whether this is going to work. The Congressional Budget Office should be doing some analysis, but we have yet to have any details on that.
Keep reading...Show less
More from In 60 Seconds
GZERO Series
GZERO World with Ian Bremmer
Puppet Regime
Quick Take
ask ian
Ian Explains
GZERO Reports
GZERO Europe
The Debrief
© 2026 GZERO Media. All Rights Reserved | A Eurasia Group company.
GZERO Daily: our free newsletter about global politics
Keep up with what’s going on around the world - and why it matters.