1. United States
2. Texas
3. Letter

The economy faces significant risks of a major downturn if decisive action is not taken swiftly. Recent market turbulence, with major losses in stocks like Nvidia, Tesla, and cryptocurrencies like Bitcoin, is a concerning indicator. Proactive government intervention through targeted economic policies and stimulus measures is urgently required to mitigate the impacts of a potential recession. Prioritizing economic stability and protecting livelihoods should be the utmost priority to avoid widespread financial hardship and economic fallout. A comprehensive strategy to bolster financial markets, support key industries, and safeguard jobs is crucial at this critical juncture.