Economics correspondent Education: Wellesley College, BA in economics and English ; Oxford University, master's in financial economics and medieval literature Heather Long is an economics correspondent. Before joining The Washington Post, she was a senior economics reporter at CNN and a columnist and deputy editor at the Patriot-News in Harrisburg, Pa. Long started her career at an investment firm in London. She earned her master's degrees from Oxford University, where she was a Rhodes Scholar. Professional Affiliations: Board member, SABEW (Society for Advancing Business Writing & Editing)
The Fed has set up two programs in response to the coronavirus crisis that will support lending billions to big companies. But only firms deemed the most stable – that is, those that have at least an “investment grade” bond rating — are allowed to participate.
With millions laid off due to the pandemic, some are pulling money from their savings accounts, borrowing money from friends to pay rent or attempting to negotiate deals with their landlords. Some plan to strike.