In this episode of WashingtonWise Investor, Mike Townsend is joined by Marianne Hayes, senior strategist in Schwab’s Wealth Strategy group, to discuss the impact of the coronavirus on small businesses and the 120 million people they employ. Mike and Marianne dive into the government’s efforts to support small businesses during the closures and consider how well they are working, as well as what the small-business segment of the economy may look like in the future.
Mike also covers the next round of stimulus—the CARES Act 2—that is being debated in Congress. And he addresses 2020 Election challenges in the era of stay-at-home orders.
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