- President-elect Joe Biden’s economic advisors fear another recession is looming, The New York Times reported.
- The impasse over another stimulus package and the prospect of millions of people losing unemployment benefits are leading them to press congressional Democrats to pass another aid package very quickly, The Times said.
- The surge in virus cases is causing another wave of restrictions and closures that experts say could deal a blow to the economic recovery.
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President-elect Joe Biden’s economic advisors are reportedly pressing congressional Democrats to quickly strike a stimulus deal with Republicans, fearing the US is on course for a recession as virus cases surge and a new aid package remains elusive.
The New York Times reported on Sunday that the Biden team was also increasingly worried about the prospect of millions of Americans losing unemployment benefits next month, along with the expiration of federal