The US economy shrank a record 33% last quarter, as stalled reopenings due to COVID-19 push weekly unemployment claims higher. Reports on unemployment claims and GDP - the value of goods and services produced in the U.S. - reflect an economy battered by the pandemic. Ref. USAToday.
Trump reverses on coronavirus stimulus deal, signs $900B package he called 'disgrace'. President Donald Trump has signed a $900 billion COVID-19 relief package, despite an unusual video message he posted to social media last week calling the bipartisan legislation a "Disgrace." Ref. USAToday.
For passage in the chamber as early as end of the month. The House adopted a budget blueprint instructing congressional committees to begin drafting relief legislation including billions in vaccine funding, $1,400 checks, and aid for state and local governments. It kicks off a process known as "Reconciliation" allowing Democrats to bypass a procedural roadblock known as a filibuster. Ref. USAToday.
The $1.9 trillion COVID-19 stimulus bill is on the brink of becoming law. The final vote on the measure is set for Wednesday. President Joe Biden’s COVID-19 stimulus bill working its way through Congress includes $1,400 stimulus checks, $350 billion for state and local governments plus tax credits for families with children. Democrats want to make the bill law by mid-March, when a boost to federal unemployment benefits expires. Ref. USAToday.
COVID-19 stimulus plan becomes law after President Biden signs $1.9 trillion measure at White House. Stimulus checks to Americans are expected to come in the next few weeks now that Biden’s bill is law. The president signed the bill Thursday, the day after the House gave final approval to the legislation, allowing trillions in relief money to start going out to Americans struggling with COVID-19 pandemic. Ref. USAToday.
President Biden releases budget proposal that projects debt rising past WWII levels. The administration argues that the plans are fiscally responsible because the spending on infrastructure, education, the environment, public health, and social safety-net programs is needed to both help the nation recover from the coronavirus pandemic as well as reverse decades of disinvestment. Ref. USAToday.
Thing is we have been going through more death and troubles since this pandemic than the whole of WWII so give the man some slack.
International Level: New Activist / Political Participation: 16 1.6%