"Treasury Secretary Steven Mnuchin opened this month by saying that despite the stalemate over Covid-19 relief funding, the Trump administration and Congress could agree on one thing: a stimulus package was needed.
That hasn’t produced serious negotiations, however, and prospects for a relief bill before the November election are dwindling fast.
U.S. Faces Last Chance to Salvage Stimulus Deal
as House Returns
September 14, 2020 1:00 AM
A combination of revived deficit concerns among some Republicans and a bet by progressive Democrats that the president would be forced to go along with the largest stimulus yet proposed -- beyond the $2 trillion enacted in March -- crippled negotiations, which broke off Aug. 7. . .
Unless a sudden breakthrough materializes in coming days, there’s little chance for those facing economic losses or extended unemployment from the pandemic to get relief before the election. Congress is scheduled to adjourn by early October..."
More details > Bloomberg News
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Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
The Federal Reserve’s new push for higher inflation means crafting new tactics that convince Americans it won’t clamp down on rising prices The U.S. economic recovery is wildly uneven . More than 13 million Americans are unemployed. At the same time, many others have been able to work from home and some are actually richer Here’s how Donald Trump and Joe Biden’s economic ideas stack up in some key areas If the costs of living these days seems to be rising faster than the official 1.3% U.S. inflation rate, there’s a reason Global central bankers are discovering that monetary policies they once viewed as unconventional and temporary are now proving to be conventional and long-lasting Finally, here’s our preview of what to watch this week: Fed’s Guidance Catches Up With Powell’s New Strategy: Week Ahead
ECONOMICS
Fed Inflation Quest, K-Shaped Recovery, Clash of Ideas: Eco Day
Eileen Gbagbo
September 14, 2020 3:45 AM
Fed must alter habits of generation in higher inflation quest
Trump and Biden clash on best route to recovery for economy
"Treasury Secretary Steven Mnuchin opened this month by saying that despite the stalemate over Covid-19 relief funding, the Trump administration and Congress could agree on one thing: a stimulus package was needed.
