2nd December 2020

  • Pelosi, McConnell Offer New Stimulus Plans as Rebound Slows

Full price tags not yet known; Biden urges swift action

Bipartisan group separately offers $908 billion compromise

https://blinks.bloomberg.com/news/stories/QKOMCJDWRGG0

  • Bipartisan Senate Group Pitching $908 Billion Stimulus Plan

Previous compromise bill failed to get leadership backing

Expiration of benefits at year-end leaves economy at risk

https://blinks.bloomberg.com/news/stories/QKO8O8T0AFB7

  • Fed Economists Warn of Debt Overhang Problem From Covid Crisis

Worst affected companies may grow 10% more slowly in pandemic

Smaller firms could struggle to ease debt load via bankruptcy

https://blinks.bloomberg.com/news/stories/QKNZ94DWLU6R

  • Powell Warns of Pandemic Surge Tempering Vaccine’s Economic Hope

Fed chair says vaccine progress is positive for medium term

Points to concern about resurgence of virus in U.S., worldwide

https://blinks.bloomberg.com/news/stories/QKO263DWX2PT

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