On the day that the head of the Federal Reserve Bank of St. Louis predicted that U.S. unemployment could reach 30 percent in the second quarter, Congress failed to reach an agreement for a coronavirus stimulus package. Democrats blocked Majority Leader Mitch McConnell’s procedural vote to put the $1.6 trillion bill on the Senate floor on Monday morning. Party leaders expressed concerns that the Republican bill would cater heavily toward corporations, and that the $1,200 one-time payment to qualifying adults would not be enough to keep the historic number of unemployed Americans afloat.
Adding to the expected complications of passing […]
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