Economists warn of a ‘prolonged depression’ if the GOP denies aid to state and local governments

Economists warn of a ‘prolonged depression’ if the GOP denies aid to state and local governments: The ramifications of the coronavirus pandemic on the U.S. economy will be devastating enough to send the country into a certain and 'prolonged depression,' economist Josh Bivens warned Tuesday, unless federal aid is delivered to state and local governments.

'State and local governments are curren