Thursday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines.
Despite getting the biggest stimulus ever from the coronavirus, Americans are still left questioning whether the government has done enough. It comes as no surprise that 84% of Americans want another wave of stimulus checks, according to a recent Nationally Representative WalletHub survey.
The also found nearly 160 million Americans are less than three months way running out of money.
A new report says the coronavirus could deplete social security this decade.
The Bipartisan Policy Center says if the economic fallout from the pandemic is similar to the 2007-09 recession.
Once the funds are depleted – and if nothing is done to shore up the program – the benefit payouts would not be cut entirely but would need to be reduced, they say.
Fiat Chrysler is tapping into more of its available credit as the global financial impact from the coronavirus spreads and puts pressure on companies to make sure they have plenty of funding.
The company, in a news release, said that “in light of the continuing uncertainty relating to the impacts of COVID-19, it has drawn down” a now-$6.8 billion revolving credit facility, which was originally signed in June 2015. That’s in addition to $1.6 billion the company had already started to draw down.
It’s another day for weekly jobless claims, which lately have been totaling in the millions.
The median economics estimate is $4.5 million.
That would bring the number to 26 million Americans who have filed for unemployment in five weeks.
The House is expected to vote on more financial help for small businesses Thursday.