Everyone Wins, Everyone LosesLawmakers raced to iron out the final wrinkles in a much-needed pandemic aid bill and avoid a government shutdown. (Dec. 20-26)But First, the TunnelThe Federal Reserve chair, Jerome H. Powell, is not known to offer overly rosy economic projections. He also repeated his call for more federal stimulus to provide a financial “bridge” to those who desperately need it this winter. Of course, earlier this year Americans were bolstered by pandemic aid from the federal government, including stimulus checks and additional unemployment benefits. Now that those funds are running dry, people’s Christmas trees may not have much underneath them this season.

Source: New York Times December 20, 2020 12:00 UTC