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A Washington Liquidity Infusion – WSJ

A Washington Liquidity Infusion – WSJ

Federal and state governments have shut down a lot of the American financial system, and now Washington is transferring to lend its steadiness sheet to compensate for a number of the losses it’s inflicting. The foremost purpose must be to offer liquidity to stop defaults and enterprise failures that may cascade into mass layoffs and one other melancholy.

By our deadline, the Senate had not reached a remaining deal. But the bipartisan draft invoice and summaries we’d seen on Sunday afternoon have been a significant enchancment on the state of play on Friday. The general…

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