A forecast by Moody's Analytics projects that the U.S. economy will be headed for another recession in the new year if lawmakers do not approve another significant stimulus bill soon, while economists continue to express concerns about the impasse in Washington.
"There's real concern that the economy might yet stall or even contract during this anxious time of transition to the widespread availability of vaccines.
Even as new jobless claims were slightly better than expected, according to the report released by the Department of Labor on Thursday morning, economists responded with concern. Analysts had expected they would see about 780,000 new jobless claims, but instead the report showed about 712,000 for the week ending November 28.
Anyone with common sense & alertness might interpret the GOP’s foot dragging on more aid for Americans as a deliberate way to stall the economy before Joe Biden enters office. That would be wrong. That would be neglecting the American People.
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