(adsbygoogle = window.adsbygoogle || []).push({});
The coronavirus brought an end to the longest economic expansion in U.S. history. That wasn’t the only problem. When the U.S. barreled into the deep downturn that followed, it was laden with debt.
Why does this matter? Economies carrying a lot of debt generally have weaker recoveries. Businesses and consumers focus on cutting their liabilities during downturns rather than spending cash—and spending is what an economy needs to rebound.
All…