More government-backed financial relief could be on the way to many Americans as politicians on both sides agree current efforts aren't enough
... [+]The federal government is likely to pass at least one more fiscal relief package, according to economists at GoldmanSachs, which is likely to include additional aid to state governments, more funding for small businesses, expanded unemployment benefits and possibly another round of direct payments to individuals.
Goldman is expecting another bill because so far, the relief measures signed into law aren’t nearly enough to cover the income that has been lost as a result of the coronavirus crisis. The bank is forecasting private sector losses of $1.9 trillion in 2020 and $1.4 trillion in 2021. Senator Marco Rubio , who is the chairman of the Senate Small Business and Entrepreneurship Committee,on Monday that lawmakers expect that they will need to pass another relief bill in the coming weeks. “The appetite is there,” he said. “I think everyone I’ve talked to recognizes we’re going to have to go back and do more, and probably more than once.”
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