Even with President Donald Trump at the helm and growth slowing, some members of the GOP were opposed to a sizable stimulus package before the election. "The chance off a first-quarter recession have dropped significantly in the wake of congressional agreement on a $900 billion aid package. Before the election, leaders in Congress and the Trump administration were negotiating a far larger stimulus package totaling $1.8 trillion. "But this is not a very robust stimulus package compared to other iterations of it and previous tranches." "The order of magnitude on fiscal spending next year will be decided in 15 days in Georgia," Krueger wrote.

Source: CNN December 22, 2020 11:26 UTC