The United States has recorded over 6.8 million cases of COVID-19, currently the most of any country in the world.
Although the S&P has reached an all-time high, economic indicators are low. Unemployment has continued to escalate, with record numbers of people – more than 40 million - applying for unemployment benefits in the US.
Along with the CARES Act (detailed below), Congress is also considering enacting a new infrastructure plan to create thousands of new jobs. CARES Act 2.0 is in development and expected to be released this summer.