President-elect Continues to Indicate "Worst Pandemic in a Century Requires Attention"

  • President-elect Joe Biden continued to signal that the "worst pandemic in a century" will be prioritized by his incoming administration.

  • This week, Biden said, “Congress should come together and pass a COVID relief package” during an economic policy speech.

  • There are no signs that Washington lawmakers are close to a fifth phase COVID-19 relief package now that we are a little over two weeks after the election. In fact, it seems as though now each side is even more entrenched.

  • The worst retail sales increase in six months tells us that consumers are clamping down, which is not positive considering that COVID-19 relief is unlikely in the near term and containment shutdowns are likely to increase.

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