In March, Congress pushed through a relief package that preserved the U.S. economy during the pandemic. It felt like government functioning at its best.
But now, that money is running out and bipartisanship has given way to an ideological stalemate.
While Republicans balk at plans for further significant government spending — even those coming from the White House — Democrats are holding out for more money and a broader package of measures.
The absence of a deal could have dire consequences. One economist estimates that without a stimulus package, there could be four million fewer jobs next year.
We talk to Jim Tankersley, who covers the economy for The Times, about what’s getting in the way of an agreement.
Guest: Jim Tankersley, who covers economic and tax policy for The New York Times.
For more information on today’s episode, visit nytimes.com/thedaily