Heard on the Street: Congress must make speed its foremost concern as it wrangles over coronavirus-related economic rescue plan
The U.S. Senate blocked a rescue package designed to limit the economic fallout of widespread coronavirus-related lockdowns Sunday, as Republicans and Democrats disagreed over the contents of the plan. An alternative must come quickly: not just to limit the economic fallout, but to improve the chances of a faster recovery afterward.
The market fallout so far seems to be more limited than in 2008, with the initial failure to pass the Emergency Economic Stabilization Act. Shortly before 2 a.m. in New York, S&P 500 futures...
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