• Seth Golden posted an update 1 week, 6 days ago

    Goldman Sachs: “Additional fiscal support still looks likely but Congress has made virtually no progress since the election. With Congress now on Thanksgiving recess this further reduces the odds that Congress will pass major COVID relief legislation in December. Instead, it looks more likely that Congress will add provisions to the spending bill that Congress is likely to pass to fund the government past Dec. 11, when the current spending authority expires (there is a chance a one-week temporary extension could push the deadline to Dec. 18). This would likely include at least an extension of expanded unemployment benefits, which expire Dec. 26. We estimate that the expansion of eligibility and extended duration of benefits would affect 11-12 million individuals collecting benefits and add slightly more than $13bn/month to benefit spending compared with letting those provisions expire.”

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