John Bussie, Associate Editor, The Street Journal, Coronavirus Vaccine, Rep. Ocasio-Cortez has condemned the leadership of Pelosi and Schumer and discussed a provocative deal.
The number of Americans filing unemployment benefits for the first time fell for the first time in three weeks, but remained elevated due to an increase in CIVID-19 infections and new sanctions to stop the spread of the virus on the economy.
Top Democrats initially look at the EL 900B CRP relief package
Figures released by the Labor Department on Thursday show that 803,000 Americans filed unemployment claims for the first time in the week ended Dec. 19, lower than the 885,000 forecast by refinancing economists.
That number has nearly quadrupled to pre-crisis levels, but peaked at about a million in March when stay-at-home orders were placed. About 70 million Americans, or about 40% of labor revolts, have applied for unemployment benefits during the epidemic.
The number of people who continue to receive unemployment benefits decreased.3. million37 million, down from about 1,000,000 last week. The report shows that approximately 20.4 million Americans were receiving some form of unemployment benefit as of Dec. 5.
Daily 12 million Americans lose charge daily after Christmas
President Trump has threatened to torpedo the 900 900 billion coronavirus relief deal saying the emergency figures passed by Congress on Monday night are fresh unemployment data.
Combined with the .4 4 trillion spending minibus spending measure, the bill would provide direct payments of up to Americans 600 for Americans earning less than ડ 2,000, increase federal unemployment benefits to $ 300 a week in mid-March, and re-introduce a paycheck protection program for small businesses. Will be opened. .
But in a video address Tuesday night, Trump called the proposed ચ 600 checks included in the economic relief bill “ridiculously low,” and said the payment should be more than tripled – a proposal that many Democrats immediately backtracked on.
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Trump has not said whether he intends to veto the relief measure for millions of Americans, but has called it a “disgrace.” If the president refuses to sign the law, the consequences will be dire: millions of Americans will lose their unemployment benefits on Christmas Day, while other economists on the brink of recession, and the government, will shut down just as other federal programs end. Monday.
Mark Hamrick, Bancret’s senior economic analyst, said: “In most legal matters, the stimulus package was incomplete, too late, but better late than ever and nothing better than nothing,” said Mark Hamrick, Bancret’s senior economist. Said the analyst. “It will differentiate between economies that can contract in the first quarter, as opposed to the rest on the water.”
