Economists warn of ‘huge’ consequences to halting stimulus talks

Economists and business leaders warn there could be dire consequences if another round of coronavirus stimulus aid isn’t approved shortly — a plausible scenario after President Donald Trump abruptly called off negotiations until after the election.



a group of people holding a sign: Tenants and housing rights activists protest for a halting of rent payments and mortgage debt, during the COVID-19 outbreak, in Los Angeles, Oct. 1, 2020.


© Lucy Nicholson/Reuters
Tenants and housing rights activists protest for a halting of rent payments and mortgage debt, during the COVID-19 outbreak, in Los Angeles, Oct. 1, 2020.

The coronavirus pandemic clobbered the U.S. economy with unprecedented speed in March, shutting down huge swaths of industry and pushing 22 million people out of work in a little over a month. While approximately half of that number of jobs lost have been gained back, the U.S. economy remains deeply entrenched in pain and the new layoffs continue.



a man in a suit standing in front of a building: President Donald Trump walks to Marine One, Oct. 5, 2020, at Walter Reed Medical Center in Bethesda, Md.


© Saul Loeb/AFP via Getty Images
President Donald Trump walks to Marine One, Oct. 5, 2020, at Walter Reed Medical Center in Bethesda, Md.

Democrats, led by House

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