Hello and welcome to Slate Money Coronavirus Extra, the Wednesday midweek update because there's just too much going on to fit everything into a single Saturday show.

I'm Felix Hammond of Axios. I'm joined by Emily Peck of Huffpost.

Hello.

I'm joined by Anna Shemansky of Breaking Views.

Hello.

And we are recording this on the day of the $2 trillion stimulus bill, almost certainly getting

passed in Congress.

So we're very excited about that.

We're going to talk about that.

We're going to talk about how the American constitutional structure compares to that in other

countries and whether America really has

it in it to be able to effectively respond to this crisis. All of that coming up on Slate Money

COVID-19. So we're recording this on Wednesday and there is a deal. There is two trillion dollars of money which Congress has

agreed to spend, which is then going to be multiplied what like threefold by the Fed, which is going

to lend four billion dollars in various lending facilities. And so it all adds up to about $6 trillion of money, which is going to slosh into the

economy, which sounds great except for that we don't seem to have made so much as a dent

on the actual health crisis.

Right.

Which, and to be fair, I don't necessarily

think anybody thought that the, you know, what was going to be coming out of the Fed or what was

going to be coming out of Congress was immediately going to be having any impact on the health

crisis. But I think you're right in the sense that this is all great, but until we get a handle on what's actually causing this, it still might not really be as helpful as it should be.

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