What’s next in the economic battle against coronavirus

Thursday’s initial jobless claims reading has made clear that the scope of U.S. job losses as a result of the COVID-19 outbreak will be significant, but what comes next is still very uncertain.

Driving the news: Lawmakers are divided on whether to push forward immediately with a “phase 4” relief bill to back up the $2.2 trillion CARES Act, and concern already is growing about provisions in that legislation.

• A day before the Small Business Administration’s $350 billion program to provide capital to small businesses was set to launch, many banks and lenders tasked with funding the loans and approving applicants — including JPMorgan, the biggest U.S. bank — said they still didn’t have the necessary...

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