Update 426: New Economic Misery Index;Weekly Initial Jobless Claims Out Tomorrow With the nation bracing for more bad news tomorrow, the sense in Congress is that the historic $2 trillion Corona III won’t be enough. Indeed, talks (over the phone) are already in progress on a fourth Corona bill. We hear some talk of a …
Update 425— Longest U.S. Expansion Ever in Jeopardy; 3.28 Million Newly Jobless Overnight The ink is now dry on the $2 trillion Corona III relief package, as the House has figured out how to conduct a voice vote on the massive bill today, with almost all members in their home districts, some opposed to it, …
Update 424 — America Starts Spring Broke;Senate Set to OK Biggest Spending Bill Ever The COVID epidemic is far from over, as are its economic repercussions and the policy responses to them. Today, the US Senate will adopt a third relief package (stimulus would be mostly misnomer), this one bigger than any federal spending measure …
Update 423 — Senate Poised to Vote Tonighton Largest Stimulus Bill in American History Befitting the worst economic and civic crisis confronting the nation in nearly a century, the GOP Senate leadership is preparing legislation in scope and scale that could spare vast material wreckage, or make it inevitable, or worse. What happens on the …
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Update 422: Virus Stops Economy Cold;Congress in Search of Plan, Consensus Legislation to address the impact of the coronavirus is making its way through the Congressional mill. An initial $8 billion targeted relief package was enacted last week. This week, the House and Senate have taken a week to hammer out the finer points of …
Update 421 — COVID Response in Congress Stimulus: What Works, How Much is Enough? The President’s churlish, sententious address to the nation on Wednesday night regarding his efforts to combat and contain the COVID-19 crisis inspired little confidence and precipitated the worst one-day drop in the capital markets in 33 years on Thursday. Democrats in Congress …
Update 419 — The State of Political Reform 2020:A Year of House Legislation; in Senate, Frustration Progressives of every stripe, from every region, dedicated to economic, environmental, and other reforms, know that the best way to achieve their singular and common goals is through reform of a political system that frustrates the will of the …
Update 418 — Super Suburban Tuesday:Late Boomers Lend Biden Latent Boost Last night, over 11 million voters in 14 states selected their choice to face President Trump in the November election. Vice President Biden took ten states including Texas. Sen. Sanders won the other four primaries including California. Delegate numbers are still being determined, but …
Update 417: Amid Market Viral and Spiral,A Survey of Business and Consumer Debt In the midst of the coronavirus panic, the Dow plummeted 1,191 points yesterday — the biggest single-day point drop in history. This past week, the S&P 500 dropped 12 percent, making this a full-blown market correction from nowhere in just six trading …
Update 416 —Millennial Economic Challenge:Agenda to Redress Generational Imbalance Never in the nation’s history have circumstances and public policy combined to produce an entire generation economically disadvantaged compared to — if not by — its immediate forebears. Those responsible did not intend this consequence, and many in fact have remorse and resolve. From spending priorities …
