Can Government Spending Save the Economy?

As the American economy plunges toward a recession, economists and policymakers are triaging proposals to stanch the bleeding. All of their ideas will cost money the government doesn’t have. That leaves Democrats and Republicans with two major questions: How much should be borrowed for bailouts — and what spending is needed to avoid permanent economic damage? Guest: Ben Casselman, an economics reporter at The New York Times.For more information on today’s episode, visit nytimes.com/thedaily Background reading: Jerome H. Powell, the Federal Reserve chair, has urged Congress to spend more on economic relief — even if doing so means increasing the federal deficit. He warned that the United States was experiencing an economic hit “without modern precedent.” Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.