“I will not speak directly or indirectly about this, except to say that this is the right time to take a step backwards and let the institutions of our democracy continue to do our job,” he said. He also reiterated his regular remark that more state support will be “likely” to weather the pandemic era. “I feel like we need to do more and maybe Congress needs to do more.” With the government no longer releasing funds at midnight, Senate Majority Leader Mitch McConnell (R-Ky.) said the House of Representatives and Senate had “agreed” on a $900 billion aid plan for a $1.4 trillion spending bill for fiscal year 2021. The closure comes at a dangerous time for the country`s pandemic economy. With the number of victims of COVID-19 exceeding 3,000 on 9 December, states are being forced to impose new restrictions on businesses. It is not surprising that more workers have applied for unemployment in the week of 5 December than every week since September. Employment growth had already come to a near halt in November, with the economy adding only 245,000 jobs and 400,000 other Americans having to abandon the job search. In November, 39.6% of the unemployed were unemployed for six months or more, the highest level since December 2013. “I think $900 billion would do a lot more good at the moment than $2 trillion in March,” said GOP executive Sen.
Roy Blunt (R-Mo.). “This is an important time to get up when we can.” Rivian, a start-up backed by Amazon and Ford Motor, said late Wednesday that it would begin delivery next summer of its highly anticipated electric pickup truck and an electric sport utility vehicle. High-end models will compete directly with Tesla`s vehicles. On Thursday, Ford introduced an electric pickup truck that is expected to go into production in late 2021. In recent times, there have been more job gains than losses, and the unemployment rate fell last month from 7.9% in September to 6.9%. But much of the progress has been made in dense and retail businesses, which are most vulnerable to losses due to increased coronavirus falls. After months of fruitless negotiations amid an increasing number of Covid-19 deaths, of an explosion in the number of cases and an increase in unemployment, lawmakers seemed to agree on a new round of stimulus packages on Sunday, as they set the possibility of a government ceasefire, marking the most important step That Congress has taken to bring direct relief to Americans since it passed the $2 trillion in March. CARES Act. Tesla has dominated the electric car market, but will soon face a much busier playground.
This year again, Ford wants to start manufacturing the Mustang Mach E, an electric S.U.V. that looks like its sports car. General Motors also recently announced an electric lobster pickup that it will sell next year. On December 9, 2020, the aforementioned multi-party negotiating group released a framework for a $908 billion stimulus package, amounting to $180 billion for unemployment benefits, including extensions of the PEUC and PUA and a fresh start for the FPUC. The language of the proposed law was published on December 14, 2020 and contains the following: almost everyone on PEUC or PUA has been unemployed for six to nine months, and with the federal supplement long gone, its finances are very drained. These families simply cannot afford to go in January, with uncertainty over unemployment benefits, which would force the new Congress and the president-elect to negotiate and pass a bill in February, March or even later. The difficulties described above, starting with forced displacement and poverty, would arrive very quickly and force families to go into life-threatening situations, which cannot be reversed by late legislation.