President of US-China Business Council: America is facing risk of recession

US-China Business Council President Craig Allen says the nation's temporary business closures, worker layoffs, and financial market vulnerability are just the beginning of the uncertainty. Many American factories have been forced to stop production. Airlines, hotels and restaurants have been hit particularly hard. Allen believes that the US has done a very good job to respond to the expanding economic impact of the virus in the US, including a series of monetary and fiscal stimulus measures taken by the Federal Reserve, the congress, as well as actions taken by the president to marshal necessary resources.