Against The Clock: What A New Stimulus Package Could Mean For You
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theSkimm
4.5 • 3.6K Ratings
🗓️ 24 July 2020
⏱️ 17 minutes
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| 0:00.0 | This week, after a two week recess, members of Congress returned to Washington, D.C. |
| 0:05.7 | And in the time that they've been away, a lot happened, especially when it comes to |
| 0:12.1 | COVID-19. |
| 0:13.1 | Tonight, the World Health Organization for the first time acknowledging it may be possible |
| 0:18.4 | that COVID-19 could spread through the air more easily than we knew. |
| 0:23.0 | And with infections now spiking in 39 states, hospitals are facing a crisis with ICU beds |
| 0:28.5 | along with doctors and nurses now in short supply. |
| 0:31.0 | July is worse than April 6 days already this month. |
| 0:34.9 | We've broken the record for new cases in a day. |
| 0:39.4 | Back in March, the president signed the largest stimulus package ever passed in the U.S., |
| 0:43.7 | a $2 trillion bill to give more Americans more money up front, to give small businesses |
| 0:49.2 | loans and to expand COVID-19 testing. |
| 0:53.0 | Since then, Congress has passed more legislation to help stimulate the economy. |
| 0:58.0 | But as the number of new cases continues to rise, and as Americans express concern about |
| 1:02.9 | the economic impact of this pandemic, it's become clear that what was intended as a short-term |
| 1:08.0 | fix may need another big boost. |
| 1:11.6 | Members of Congress are still debating what that needs to look like, and they're coming |
| 1:15.6 | up against some hard deadlines in the next few days. |
| 1:19.2 | So we wanted to start off today's show by checking it on the economy, to see how it's |
| 1:23.0 | doing, and find out what economists say they're keeping an eye on next. |
| 1:27.6 | Stay with us. |
| 1:34.6 | Okay, so in the absence of a COVID-19 vaccine, the economy's been having a rough few months. |
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