“We need a proposal that is going to match the scale of the crisis.” Lawmakers are drawing up plans for the government to guarantee private companies’ paychecks.
WASHINGTON—U.S. lawmakers are drawing up proposals for the federal government to guarantee private companies’ paychecks during the coronavirus pandemic to arrest soaring job losses, aiming to fill holes in last month’s aid package.
The plans from Rep. Pramila Jayapal and Sen. Josh Hawley differ in the level of government aid that they would provide and the degree to which they have been fully developed. But both would put the U.S. on a track similar to those that have been taken in countries such as France...
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