So you don't know what you're talking about. The unemployment rate is the same as calculated every month. This isn't a normal recession driven by something like an inflated housing market bubble popping. In that situation jobs are permanently lost because they were never real This recession is driven by a health crisis that has no economic basis. People are returning fo work
Whatever, I'm not gonna argue with you 10 pages about numbers, do your research and quit talking bullshit. If people are returning to work why are folks drawing unemployment at over a million a week? Use your head...
@jiggyfly Tell me how Pelosi didn't lose the leverage she had again? COVID-19 relief package: No stimulus checks, but it offers an extra $300 in federal unemployment benefits Congress is rushing to pass a proposed COVID-19 relief bill as millions of Americans face losing their jobless benefits at the end of the month. Lawmakers in Washington have been deadlocked over another stimulus package for months. Last week, however, key lawmakers appeared to make concessions in hopes a bill could pass before both chambers leave for the holidays. Leaders in the House and Senate have restarted discussions and say the best chance in passing any relief is by adding it to the annual spending bill. But that would have to happen quickly because the House is scheduled to leave town at the end of the week. Save better, send better:Money tips and advice delivered right to your inbox. Sign up here A potential deal is coming down to the wire as 12 million Americans are set to lose their unemployment benefits the day after Christmas. Eviction moratoriums for renters and protections for student borrowers are also set to expire, as well as a federal program for paid family leave. 12 million Americans to lose jobless aid after Christmas if Congress fails to act As COVID-19 persists, more Americans are unemployed beyond 6 months. Does that carry a stigma even in a pandemic? With a Dec. 11 government shutdown deadline looming, Congress is likely to vote on a one-week stopgap measure this week to fund the federal government to give lawmakers more time to strike a deal on emergency stimulus legislation. On Wednesday, the House plans to vote on the short-term measure to keep the government running through Dec. 18. Potential sticking points remain. State and local government support and business liability from coronavirus-related lawsuits are the biggest remaining issues in the relief package. On Tuesday, McConnell said he would be willing to leave out liability protections for businesses if Democrats hold off on their push for increased state and local funding. But that countered a statement from later in the day from Treasury Secretary Steven Mnuchin, who pitched a $916 billion proposal to Congress that includes money for state and local governments and liability protections for businesses, schools and universities. He didn’t mention stimulus checks. Here's what the potential stimulus bill means for you Will it extend unemployment benefits? There are two critical unemployment programs that are set to expire on Dec. 26: the Pandemic Unemployment Assistance program, which provides aid to self-employed, temporary workers and gig workers, and the Pandemic Emergency Unemployment Compensation program, which provides an additional 13 weeks of benefits beyond the typical 26 weeks that states provide to jobless workers. The bipartisan proposal is expected to include about $300 per week in bonus federal unemployment payments for roughly four months, providing relief just as emergency aid payments at regular benefit levels are set to expire at year's end. That would be a lower amount than the $600 per week that jobless Americans had received under the CARES Act until late July. The plan is also expected to extend base benefits through March. It includes $180 billion in aid for unemployed workers, enough aid to provide at least 13 weeks of additional benefits to PUA and PEUC recipients, according to Andrew Stettner, a senior fellow with the Century Foundation, a nonprofit think tank. Lawmakers have discussed making the $300 unemployment supplement retroactive to Dec. 1. In a separate proposal, McConnell has suggested a three-month extension of benefits. In other words, his plan would extend PUA and PEUC until Jan. 31, and then phase out jobless aid over the following two months. Will you get another stimulus check? The bipartisan package and McConnell’s proposal are both expected to leave out another round of $1,200 stimulus checks. The White House, however, is pushing Senate Republicans to include $600 stimulus checks in the next relief package, according to The Washington Post. Democratic Sen. Bernie Sanders and others have said that they could oppose the measure if there are no stimulus checks. Sen. Dick Durbin of Illinois, the second-ranking Democrat, indicated that excluding the checks while assuring small-business aid and renters' assistance was the only way to reach agreement with Republicans who are putting firm limits on the bill's final price tag. On Sunday, lawmakers involved in the negotiations said the direct payments would have to wait until after Biden is inaugurated on Jan. 20. At that time, Biden will face a new Congress as vaccines are being distributed, with a narrowed Democratic majority in the House and a closely divided Senate potentially split 50-50 if Democrats are able to prevail in two runoff elections in Georgia on Jan. 5. What else is in the package? The bipartisan agreement includes funding for state and local governments, along with a temporary moratorium on some COVID-19-related lawsuits against companies. The measure also includes funding for small businesses, schools, health care, transit authorities and student loans. It also includes help with coronavirus testing and tracing and vaccine distribution. McConnell’s plan includes provisions for education, aid for small businesses and pandemic-related liability protections for businesses. Contributing: Nicholas Wu and Christal Hayes; The Associated Press
Should have taken the 1.8 trillion dollar package...if McConnell gets his liability shield for corporations you can kiss any future stimulus goodbye.
We'll see where the Senate stands around mid January but if the GOP holds it yea the working man is ****ed. The Democrats should have taken the deal on the table but neither side really cares about the people...it's all just a game of holding power.
Wow someone needs to replay that over and over and whenever more trickle down tax cuts are suggested.
https://www.bloomberg.com/news/arti...-cuts-for-rich-didn-t-trickle-down-study-says Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says By Craig Stirling December 15, 2020, 6:01 PM CST
Bro, it WORKS. It trickles down from the top right into your living. Stonks go up too. Lambos for everyone.
Turtle is fine, he got reelected. And this will hurt the Biden years, so it's all good, baby. Sad, sad times.
How does that prick keep getting reelected? I guess I could say the same about a lot of people in Congress but damn...
