Economy

A New York Fed survey of consumers shows growing expectations of job losses and spending declines.

Some paper checks may not reach recipients until mid-August.

"It looks like a depression scenario," according to the CEO of DoubleLine Capital.

For businesses that were struggling before the pandemic struck, the federal stimulus bill "may not be the economic life preserver companies and their lenders were hoping for."

Don't forget the WARN Act, a federal law that requires covered employers to provide employees with a 60-day advanced notice of impending layoffs.

The bill, passed by voice vote, now goes to President Trump's desk.

However, global recession is coming, he predicts.

Lawmakers, however, are already calling for more.