Another 2.9 million Americans became newly unemployed for the week ending May 9. With output expected to remain constrained for the remainder of the year, high unemployment is likely until then, according to the Congressional Budget Office. High joblessness has pushed demand for new autos to new lows.
The president signed the PPP and Healthcare Enhancement Act after the House passed the bill by a margin of 388-5 on April 23 and the Senate passed the bill by unanimous consent on April 21.
SFA delivered an urgent request to the Fed and Treasury requesting immediate funding assistance to provide liquidity to support markets, consumers, businesses and the entire economy impacted by COVID-19 mandatory quarantines.
Check out the video sessions from SFVegas 2020, with topics ranging from the Libor transition to applications of ESG in structured finance.
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