Democrats’ unexpected gains in the Senate, thanks to two wins in Georgia, have “breathed new life into President-elect Joe Biden’s economic agenda,” said Anneken Tappe at CNN. The timing is critical. “America’s economy needs more assistance beyond the stimulus bill President Trump signed into law” at the end of last year. That became clearer following the release of the December jobs report last week, which showed that the recovery has “ground to a halt.” The economy shed 140,000 jobs last month, far more than economists had predicted, and the unemployment rate failed to improve for the first time in seven months as states are reimpose lockdown restrictions.
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