Live updates: Wall Street falls despite latest Fed action to shore up economy
Source: Washington Post
Fresh off Wall Street’s worst week since the 2008 financial crisis, U.S. markets swung wildly as the Senate failed to advance a $1.8 trillion coronavirus rescue package and the Federal Reserve announced unlimited bond purchases in its latest, unprecedented move to lift the U.S. economy.
The Dow fell more than 300 points after futures trading signaled a more than 500-point pop at the open. The Standard & Poor’s 500 and Nasdaq futures also were in steep decline.
The volatility came after the Fed said it would purchase Treasurys and mortgage-backed securities “in the amounts needed to support smooth market functioning," showing the central bank is willing to go far beyond the $700 billion in new purchases announced last week.
Investors had also been looking for the enormous stimulus bill to be pushed through the Senate by Monday. But on Sunday evening, Senate Democrats said the legislation did not offer enough help for individuals. Senators from both parties, as well as White House officials, said they would continue negotiations, overnight if necessary, to respond to the flood of layoffs affecting millions of Americans and the economic pillage felt by businesses in nearly every sector.
Read more: https://www.washingtonpost.com/business/2020/03/23/live-updates-stocks-markets-economy/
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BTW, welcome to DU. 
one of the biggest GOP talking points is that "libruls always want to 'throw money at the problem'". 
