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Podcast: The plan to save America

The White House yesterday proposed a $1 trillion stimulus package, for both businesses and individuals, to stem economic pain caused by the coronavirus pandemic. Dan and Axios' Alayna Treene discuss what's on the table and if it could become law.

Go deeper: The stimulus plans keep growing

Trump signs historic $2 trillion coronavirus stimulus bill

Photo: JIM WATSON / Getty Images

President Trump signed the $2.2 trillion coronavirus stimulus package into law on Friday shortly after the House passed the bill.

Why it matters: What happens in Washington is often lost on the rest of the country. But this rescue package is the largest in American history, has the attention of leaders on both sides of Pennsylvania Avenue and matters to Americans back home.

Go deeperArrowUpdated Mar 27, 2020 - Politics & Policy

The market is already pricing in a U.S. recession and QE from the Fed

Data: U.S. Treasury; Chart: Axios Visuals

The U.S. fixed income and Fed fund futures markets are not only pricing in a U.S. recession and the Fed cutting interest rates to zero, they are now pricing in quantitative easing and asset purchases, analysts tell Axios.

What's happening: After U.S. 10-year yields fell to 0.32%, their lowest level on record, and yields on the 30-year bond dropped to 0.72%, investors began pricing in a bond-buying program from the Fed that would target longer-dated Treasuries.