Published Date Jul 27, 2020

BUSINESS INSIDER:   Wall Street giants urge Congress to fast-track 'expensive' stimulus bill before recession worsens

The economy is "still facing a very, very uncertain" outlook, Goldman Sachs CEO David Solomon said Wednesday, and a hefty government response is likely the best option for stemming additional pain.  "Even though it's hard and it's expensive, we are better to blunt the economic impact now in the short term, by spending more, than to allow it to get worse and deal with the consequences of being worse," he said in an online event hosted by the Economic Club of New York.

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By Brenna Moses

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