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Unemployment/Stimulus check

With Biden Finally Permitted To Begin Transition, Two Thirds Of Voters Want A New Stimulus Bill In His First 100 Days




 A new poll from Morning Consult and Politico Tuesday showed that 67% of voters believe that passing another coronavirus aid bill should be a “top priority” for President-elect Joe Biden during the first 100 days of his administration. 

Key Facts

Lawmakers have for months been unable to agree on the size and scope of the next bill, with Democrats pushing for a larger comprehensive package and Republicans favoring more targeted legislation. 

Reports on Monday that Biden had privately pushed for Democrats to compromise with Republicans on a smaller aid bill in the interest of delivering more aid quickly were swiftly denied by his team. 

Analysis from Goldman Sachs last weekend suggested that the size of the next stimulus deal is likely to shrink the longer lawmakers delay.  

67% of voters polled by Morning Consult and Politico also said that controlling the coronavirus should be a top priority for Biden in his first 100 days, and 67% said Biden should prioritize a Covid-19 vaccine distribution plan. 

Key Background 

Experts across the board—from Federal Reserve Chair Jerome Powell to JPMorgan CEO Jamie Dimon to Janet Yellen, Biden’s pick for Treasury Secretary, and more than 125 economists from universities around the country—agree that more stimulus is necessary to stave off further economic damage over the winter months. Despite positive vaccine news from Pfizer, AstraZeneca and Moderna this month, millions of Americans are unemployed and struggling to stay afloat amid the rapids of a record-breaking surge in coronavirus cases, and it will likely be months before any vaccine is widely available to the American public. 


After an extended delay defined by President Trump’s continued refusal to publicly acknowledge the results of the election, his administration Monday evening finally issued its authorization for Biden’s team to begin the formal transition process. Trump acknowledged the move in a tweet, saying that he had instructed his staff to “do what needs to be done with regard to initial protocols” but adding that “our case STRONGLY continues” despite a series of legal failures in the Trump campaign’s attempt to challenge the results of the election. 

Further Reading

Reports: Biden Privately Pushing For Smaller Stimulus Deal As Covid Surges (Forbes)

Top Economists From Harvard, Princeton, Berkeley And More Urge Congress To Send More Stimulus Checks To Keep Americans Out Of Poverty (Forbes)

Goldman Sachs Expects A $700 Billion Stimulus Package Because Of Delays In Congress (Forbes)

Mnuchin Asks Fed To Return Unused CARES Act Funds, Nixes Emergency Programs (Forbes)

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