As we proceed into August, pressure continues to mount for Congress to provide additional relief to Americans impacted by the physical and economic fallout from the pandemic. Chief drivers of the potential stimulus package include the expiration, last week, of the CARES Act's US$600 per week enhanced benefit for the unemployed and a national moratorium on evictions; the Department of Commerce's release of economic data showing an annualized GDP decline of 32.9 percent; and coronavirus cases continuing to spike across various states – including some that had initially contained the spread.
Please see full publication below for more information.