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.