The Finance 202: Prospects for coronavirus relief breakthrough remain dim despite McConnell proposal

“The legislation is not expected to advance, since that would require support from Democrats, and House Speaker Nancy Pelosi (D-Calif.) called the measure ‘pathetic,’” Erica Werner writes of the state-of-play on the effort to provide more support for an economy rocked by the coronavirus pandemic. “McConnell has struggled even to unite Republicans behind the measure, and is likely to suffer some GOP defections.”

So what might look like earnest efforts to reach agreement in coming days will amount to political positioning. Meanwhile, 29 million jobless Americans are still relying on some form on unemployment insurance. Enhanced federal benefits to help those out of work make ends meet expired at the end of July, and only six states are handing out $300 a week meant as a temporary patch. The unemployment rate ticked down to 8.4 percent in August, but the economy has replaced roughly half of the 22 million

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