Economics
Economic Rebound Becomes More Fragile With U.S. Aid on Brink
- Congress jeopardizing robust gains by letting support lapse
- Trump’s stopgap jobless aid dries up amid elevated claims
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America’s economic rebound is about to get a lot tougher after an initial series of gains from the depths of the pandemic.
Applications for regular state unemployment benefits continue to number more than 800,000 each week and chances in Congress diminished for additional support for the jobless and businesses on Thursday. What’s more, funding for the temporary supplemental jobless benefit payments authorized by President Donald Trump in early August is running out.