December 23, 2020
In a video address Tuesday night, Trump called the proposed stimulus checks of $600 included in the economic relief bill that Congress passed Monday “ridiculously low” and said the payments should be more than tripled — a proposal that many Democrats immediately lined up behind.
“Consumers’ assessment of current conditions deteriorated sharply in December, as the resurgence of COVID-19 remains a drag on confidence…”
Though initial unemployment claims improved more than anticipated last week, claims are still coming in at historically elevated levels.
The virus presents a compounding threat. Not only are these populations some of the most vulnerable to the coronavirus, but by destroying millions of jobs, the pandemic threatens a wave of evictions that experts warn could lead to a catastrophic housing displacement and even more people living on the streets.
“Our darkest days in the battle against COVID are ahead of us, not behind us…”
“There will have to be a resolution of the system working for the majority of the people in which there’s productivity…And that could be obtained either in a smart, bipartisan way — or it will come by greater conflict.”
Demand for bus travel has fallen by more than 80% during the pandemic, as public health authorities urge people to avoid travel where possible.
A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows. That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.