"Short-term nature" of $900 billion relief plan "underscores need" for more stimulus from the new Congress, says David Kelly of JPMorgan. (Photo: Shutterstock)
Several solutions backed by insurance industry leaders were included in the $2.3 trillion government funding and coronavirus relief package approved by the U.S. Congress on Dec. 21, 2020.
Although it was what financial markets had been waiting for, and the catalyst for the recent rally in U.S. stocks, by the time news broke that the U.S. House and the U.S. Senate had finally reached an agreement on a second economic relief package, many small businesses were on the chopping block, and stock and bond prices were falling.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
