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Washington Update - Aug 2, 2020

Billy Moore

The 7-day national daily average of new coronavirus cases has topped 60,000 since mid-July, about double the mid-April peak. Gross domestic product shrank 9.5 percent in the second quarter, a record-shattering annualized rate of -32.9 percent. On Saturday, nearly 30 million workers lost $600 in weekly supplemental unemployment benefits as Congress and the White House stalemated over legislation to respond to the coronavirus and stimulate the economy.

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Washington Update - July 26, 2020

Billy Moore

When House Speaker Nancy Pelosi passed a $3.5 trillion coronavirus relief/economic stimulus package in May, Senate Majority Leader Mitch McConnell delayed action on a companion bill, hoping the pandemic would ease and the economy would improve sufficiently so Senate Republicans could respond with a less expansive, expensive package. As the August recess looms, McConnell’s risk has not paid off.

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