Fasten Your Seat Belts

Submitted by ub on

There could be a real bumpy political ride ahead over the next hundred days and nights, as the extra $600 some Americans were receiving in unemployment benefits expire for millions, which have been helping them to make ends meet.

Congress scrambled to put the finishing touches on a bill that would include another round of $1,200 stimulus checks and replenish funding for unemployment benefits as first-time jobless claims surge nationwide, but ultimately did not clinch a deal on a pandemic aid package.

According to Senate Majority Leader Mitch McConnell, the details of the proposal could be ready early next week. For some Americans in some states, their unemployment earnings are being slashed by more than half.   

Republicans wanna boom bang your finances. The GOP is gonna rough it up before #WeThePeople can take it slow in 100 days. 

This is a grim scenario for the more than 24 million Americans who fear they won’t be able to make rent next month as benefits dry up. 

24 million Americans fear missing next rent payment as benefits dry up
 

The debate continues: Are Trump and the GOP right that unemployment checks disincentivize work?

 

‪Bumpy ride ahead: Will volatility become the normal for stock markets? https://youtu.be/DEywqswHgRo ‬