Warren Buffett urged the government to act quickly to support the economy with a new bail-out package, describing it as an “economic war” and warning that current measures to help small businesses were not helping them out of trouble, foreign media reported.
“I think the bailout is what the country owes to millions of small businesses in This country… All the authorities need to do is reinstate the payroll-protection scheme and use it to gradually steer the US out of the epidemic. During World War II, we had a lot of industries shut down and everything went into defense production. And in this particular recession, we have a lot of people who are out of work, but other economies are recovering.”
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