Showing posts with label coronavirus pandemic. Show all posts
Showing posts with label coronavirus pandemic. Show all posts

Sunday, May 10, 2020

Trump White House adviser says unemployment rate could pass 20% during coronavirus pandemic (USA Today)

The USA could be on the road to another catastrophic economic depression.

https://www.usatoday.com/story/news/politics/2020/05/10/coronavirus-trump-white-house-adviser-says-unemployment-may-pass-20/3105159001/

WASHINGTON – White House economic adviser Kevin Hassett predicted Sunday the unemployment rate could rise above 20% and the worst job losses would come in "May or June" because of the coronavirus pandemic.

Total panic in the Donald Trump administration.

Monday, March 23, 2020

House Democrats to introduce a $2.5 trillion coronavirus stimulus plan as Senate bill stalls


House Speaker Nancy Pelosi said Democrats will unveil their own economic stimulus legislation in response to the coronavirus pandemic.

Democrats twice blocked a developing Senate Republican plan as negotiations continue between Senate Minority Leader Chuck Schumer and the Trump administration.


Congress is trying to quickly pass a massive relief package as the outbreak wreaks havoc on the economy and lawmakers start to test positive for COVID-19.

Link:
https://www.cnbc.com/2020/03/23/coronavirus-updates-pelosi-to-release-stimulus-bill-as-senate-plan-stalls.html