Business

No end to the stimulus stalemate

The presidential election results didn’t change much in the calculus for a new economic relief package, said Sarah Hansen at Forbes. Though President-elect Joe Biden has already advocated for extending expanded unemployment insurance, student loan forgiveness, and more stimulus checks, the failure of Democrats to take control of both the House and Senate raises the prospects of a smaller, targeted stimulus bill favored by Republicans — or no agreement at all. In the lame-duck session, “there’s no indication that a defeated Trump will be willing to sign another stimulus bill, and there’s always a chance he could walk away from the effort completely.”

Source:

theweek.com

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