Those totals climb each day. Too many businesses remain closed. Schools begin the year under a dark cloud of uncertainty and our economy faces the greatest crisis since the great depression. The United States is 11. 5 million jobs short of where we were at the start of february and the number of jobs that have been permanently lost is rising at an alarming rate. All of this reflects a tragic reality. President trump has led the worst response to covid19 of any nation on earth. It is what it is. The economic pain of the pandemic was mitigated by our action in march when democrats insisted on a robust stimulus bill that became the cares act. One of our policies included in that bill, enhanced unemployment benefits, has kept nearly 12 million americans from poverty. Those benefits have now mostly expired and the stimulus provided by the cares act has been exhausted. The pandemic and Economic Hardship for millions of American Workers and families, however, is ongoing and painful. Speaker p
That is better sequentially and Beat Estimates as well. I should point out that july was also revised higher. At a monthtomonth basis, looking at an increase of 4. 8 . It continues the story of the Housing Market on fire, very strong. That is going to bode very well for home sales. We are even seeing private equity going into buying homes to rent them out. A lot of the news coming out from washington over the last 24 hours. Currently, we have President Trump and the first lady paying their respects to Supreme Court Justice Ruth Bader ginsburg any moment. We are bringing you live pictures, and we will bring that to you live as well. Meanwhile, the president refuses to commit to a peaceful transfer of power as the peaceful transfer of power if the tally shows joe biden as the winner. He spoke at a News Conference yesterday. Pres. Trump we will have to see what happens. Ive been complaining very strongly about the ballots. The ballots are a disaster. People are rioting. Do you can bi do y
Million confirmed cases of covid19, nearly 190,000 americans have died and those totals climb by tragic amounts each day. Too many businesses remain closed, schools begin the year under a dark cloud of uncertainty, and our economy faces the greatest crisis since the great depression. The United States is 11. 5 million jobs short, 11. 5 million of where we were at the start of february, and the number of jobs that have been permanently lost is rising at an alarming rate. All of this reflects a tragic reality. President trump has led the worst response to covid19 of any nation on earth. It is what it is. The economic pain of the pandemic was mitigated by our action in march, when democrats insisted on a robust stimulus bill that became the cares act. One of our policies included in that bill enhanced Unemployment Benefits has kept nearly 12 million americans from poverty. Those benefits have now mostly expired and the stimulus provided by the cares act has been exhausted. The pandemic, a
Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
U. S. Senate is about to gaveling to get the week started lawmakers considered a a judicl nomination with a limited vote set for 5 30 p. M. Eastern. And now live to the senate floor here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. Eternal god, our hope for the years to come, empower our lawmakers to live with integrity. Inspire them to permit their words to be matched by their deeds. As they strive for this ethical congruence, strengthen them to examine their hearts with the goal of seeking to glorify you. Living by your precepts, may they aspire to be faithful to the noble calling of serving you and country. We pray in your majestic name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and ju