Economics
U.S. Economy Seen Getting Boost With Democrats’ Georgia Sweep
- Wins may spur another $1 trillion in stimulus, economists say
- Other parts of Biden agenda could still face hurdles in Senate
An attendee during a 'Get Out The Vote' campaign event with Raphael Warnock and Jon Ossoff in Garden City, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.
With Raphael Warnock defeating Kelly Loeffler, and Jon Ossoff prevailing over David Perdue, the result creates a 50-50 split between Republicans and Democrats in the Senate for two years. But since Vice President-elect Kamala Harris votes in the case of a tie, the victories mean Democrats will effectively control both the presidency and Congress.