Here's what Pittsburgh business leaders say about $2 trillion stimulus package

Patty Tascarella
Here's what Pittsburgh business leaders say about $2 trillion stimulus package

With a deal reached early Wednesday by the White House and Congress for the $2 trillion stimulus package, Pittsburgh business leaders are heaving a sigh of relief, yet wondering if the largest such package in American history is enough to jumpstart the economy reeling from the coronavirus pandemic. “This may only be the first of multiple coronavirus-related stimulus efforts, which, in my view, could total $4 trillion,” said Linda Duessel, senior equity strategist at Federated Hermes Inc., the downtown Pittsburgh-based international investment giant. Multiple media reports, though, broke out the basics: $500 billion in loans for distressed companies, $350 billion in small business loans, $250 billion in unemployment insurance benefits and $250 billion in direct payments to individuals and families, and $130 billion to support health care providers.