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Showing posts with the label and ‘dire economic consequences’

COVID-19 news: 3 million newly unemployed, lawsuits, and ‘dire economic consequences’

COVID-19 news: 3 million newly unemployed, lawsuits, and ‘dire economic consequences’ NewsColony • Today saw the first unemployment numbers to give a glimpse of the economic turmoil already unfolding as the COVID-19 pandemic continues to expand throughout the country. Three million people filed for unemployment last week , a record number—and one that almost certainly will be revised upward still more. • The Senate passed a $2 trillion economic stimulus package for the pandemic-stressed economy late last night in a 96-0 vote . The House plans a voice vote Friday to pass the measure; if Republican members object and demand a full vote, House Speaker Nancy Pelosi has indicated a willingness to change House rules to allow members to cast those votes via proxy so as to limit needed travel during the pandemic. • Trump sent a letter to the nation’s governors indicating the administration intends to issue new pandemic policy guidelines and a classification of each individual coun...