Bungled negotiations over the next stimulus package and a resurgence of coronavirus infections are threatening the U.S. economic recovery, creating problems for President TrumpDonald John TrumpTrump nomination to be held in private: report Graham defends Trump on TikTok, backs Microsoft purchase Federal appeals court rejects Stormy Daniels libel case against Trump MORE as he charts the path forward for his reelection campaign. The White House and Congress remain far from a deal negotiations over the next stimulus package, even as expanded unemployment benefits and a federal moratorium on evictions expire, though the two sides touted progress following an unusual weekend meeting. The White House has sought to blame Democrats for the failure to reach a short-term deal to extend the employment benefits and pause evictions, but Republicans waited weeks to begin formal negotiations and have yet to come together on a package themselves. ADVERTISEMENTNow there is no progress as fears grow that unemployment, after falling for two months, will rise when the next jobs report is released on Friday. A number of states have introduced new restrictions as they saw COVID-19 cases surge.Federal Reserve Chairman Jerome Powell on Wednesday pointed to signs that the increase in cases was weighing on economic activity. Economic analysts have stressed that… Read full this story
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