and Bernie Sanders (I-Vt.), have proposed a monthly $2,000 stimulus check bill that would also give $2,000 per child. On Friday the Department of Labor reported that the US lost 20.5 million jobs in April, bringing the unemployment rate to 14.7%, the highest since the Great Depression. Congress has responded by passing a series of relief bills, the first of which sent a single stimulus check. Later relief bills have not included extended stimulus check programs, and the Trump administration has said there will be no new stimulus checks. Big number20% Kevin Hassett, a senior economic advisor in the Trump administration, said on Sunday that the unemployment rate could reach “north of 20” by June.

Source: Forbes May 11, 2020 16:28 UTC