U.S. Needs Expedited Bankruptcy Process to Aid Recovery, Kroszner Says

The video discusses the issue of zombie companies, which are unproductive firms burdened with debt, and their impact on the economy. It suggests solutions like an expedited bankruptcy process and asset management structures to preserve economic value and jobs. The discussion also highlights the need to adapt to post-COVID economic realities, acknowledging that some jobs may not return and emphasizing the importance of creating productive opportunities for future work.

How can we support individuals and households affected by economic changes?

What is the reality regarding jobs that existed before the COVID-19 pandemic?