“The stimulus package is encouraging,” Biden said Wednesday at an event in Wilmington, Delaware. Senate Minority Leader Sen. Chuck Schumer walks to a meeting in the office of House Speaker Nancy Pelosi at the Capitol in Washington on Tuesday, Dec15, 2020. Other measures of economic activity have likewise slowed in recent weeks, and applications for unemployment benefits have surged. They were also still haggling over an expansion and extension of unemployment benefits and how long they would last. The agreement is expected to revive lapsed enhanced unemployment benefits at about $300 a week, half of the original benefit approved in March, which lapsed over the summer.

Source: bd News24 December 17, 2020 03:55 UTC