This is boom bust the one business show you cant afford to miss in washington coming up lawmakers in the u. S. Are preparing a fresh round of hope and i think relief as the economy faces the greatest challenge in decades straight ahead were going to take a look at the state of stimulus talks and how the nation stacks up against others and later well break down the economic toll the pandemic has caused on businesses as the u. S. Has seen record at retail closures with a packed show today so lets dive right in. And we lead the program here in the United States is House Democrats have released a 2. 00 trillion dollar coronavirus alif package which they claim would restore 600. 00 weekly jobless benefits and provide another round of stimulus checks to. Most americans now the plan released monday evening is a last ditch effort to revive stalled stimulus talks with the white house Many Republican and democratic lawmakers have pushed for another round of economic stimulus for months but have
Stimulus for months but have remained far apart on the amount necessary to combat the pandemic so lets waste no time and bring in towson investigative journalist ben swan and tobin smith c. E. O. Of transforming research to discuss thank you both for being here ben i want to get right to you here since lawmakers from both sides have been saying for months that another round of stimulus is needed why are they so far apart on the details. Or is the cost of this whole thing i mean democrats of come down a little bit this latest you know bill that they put forth about 2. 00 trillion dollars thats about a trillion dollars less than where they had been so there are some compromise there hard to believe that 2. 4 trillion is a compromise but lets take a look at some of the things they want to do here because obviously this includes as you said a new round of 600. 00 stimulus checks but on top of those that new out of 600. 00 stimulus checks comes another round of 1200. 00 stimulus checks for
A 2. 00 trillion dollar coronavirus alif package which they claim would restore 600. 00 weekly jobless benefits and provide another round of stimulus checks to most americans now the plan released monday evening is a last ditch effort to revive stalled stimulus talks with the white house Many Republican and democratic lawmakers have pushed for another round of economic stimulus for months but have remained far apart on the amount necessary to combat the pandemic so lets waste no time and bring in towson investigative journalist ben swan and tobin smith c. E. O. Of transforming research to discuss thank you both for being here ben i want to get right to you here since lawmakers from both sides have been saying for months that another round of stimulus is needed why are they so far apart on the details. Is the cost of this whole thing i mean democrats have come down a little bit this latest you know bill that they put forward about 2. 00 trillion dollars that. About a trillion dollars le
Impact its going to have on markets plus one of the major giants in the kobe 1000. 00 vaccine race has hit the brakes probably an unexpected event in trials we bring you up to speed on the slowdown and where the world stands in the sport for a cure and major markets for major major Global Regulators have come to an agreement on road rules for Digital Currency moving forward later on well have an indepth in tech and now with this with a packed show today so lets dive right in. And we lead the program with the International Monetary fund lightly more positive outlook for the Global Economy in the wake of the kobe 1000. 00 pandemic now according to the i. M. F. The Global Economy is now projected to shrink by 4. 4 percent this year and upward revision from junes us that of 4. 9 percent contraction now the organizations chief economist spoke about the factors which caused the upward revision during a briefing tuesday. As a result of. Eased lockdowns and Rapid Deployment of blood money in f
International Monetary Fund the slightly more positive outlook for the Global Economy in the wake of the kobe 1000. 00 pandemic now according to the i. M. F. The Global Economy is now projected to shrink by 4. 4 percent this year and upward revision from joins us from it of 4. 9 percent contraction organizations chief economist spoke about the factors which caused the upward revision during a briefing tuesday. As a result of eased lockdowns and Rapid Deployment of both monthly and fiscal policy support. The ones hes coming back from the depths of his collapse in the peak of this crisis which was the 1st half of the. Employment levels have partially rebounded after having plummeted to historically knows. That said this crisis is far from over. The ascent out of this calamitous Great Lockdown is like. To be long and even highly uncertain it is therefore essential a tricycle in Monetary Policy support and not treatment surely would draw on as best possible the i. M. F. Also altered its pr