Fiscal Policy

Dave Metzner explains what policy we can expect with a divided government, the response to COVID and anti-trust suits against big tech.

Yesterday, President Trump put an end to Congress’ efforts to assemble a fiscal stimulus package, instructing his representatives to stop negotiating until after the election.

Today, initial jobless claims have dropped below 1 million to 963,000, seasonally adjusted for the week ending August 8. This is the first time that initial jobless claims fell below the one million level since the beginning of the pandemic in March.

With no stimulus bill passed, U.S. Congressional lawmakers have wrapped negotiations, ending in a stalemate. President Trump issued executive orders over the weekend to extend aid—but who and what will be hurting in the mean time?