The government said on Thursday that 723,000 workers had applied for new state benefits in the event of unemployment last week, as the coronavirus pandemic continued to cause economic damage. It`s up to the White House and the Democrats to decide what to do next. Mnuchin said the president would be consulted on Friday and would discuss by phone whether to meet again in person. But Wall Street had already decided that Disney`s overall profit for the quarter, the fourth of the company`s fiscal year, would be “talking about nothing,” as Todd Juenger, an analyst at Sanford C. Bernstein, wrote in a November 2 research report. Investors are convinced that Disney`s theme park empire will scream again when a vaccine is used – and all that`s really important to them, at least for now, is streaming, streaming, streaming. State unemployment figures have declined in recent weeks, but some of this decline is due to restrictions on the programme: in most countries, benefits expire after 26 weeks. “Since Sunday, we have been making progress in defining areas of agreement and disagreement to decide how to reach a compromise,” Pelosi wrote. In addition to the abolition of unemployment protection measures, other parts of the Care Act passed in March will soon come to an end. The paycheck protection program for small businesses expires on Saturday and facilitation for some student borrowers will end on September 30. “Insulin or food”: how reducing unemployment affects struggling Americans, from California to Mississippi, “I think these talks will progress tomorrow (Wednesday) and maybe the next day,” Meadows said, adding that he hoped to see “some kind of agreement before the weekend.” The deep budget hole will be a challenge for President-elect Joseph R.

Biden Jr., who is expected to try to pass a new stimulus package after taking office. The federal budget deficit reached a record $3.1 trillion in fiscal 2020, and U.S. government debt exceeded the size of the U.S. economy, reaching 100.1 percent of gross domestic product, up from 79.2 percent at the end of fiscal 2019, according to the Congressional Budget Office. Negotiations have been going on for more than a week, and Mnuchin said that while they have made progress in some areas, other issues – such as aid to states and cities – are totally concerned. Shortly after, McConnell blamed Democrats for the expiration of unemployment benefits because Democrats delivered a verdict when Republicans tried to renew them in the short term last week. The $3.4 trillion House of Representatives bill, passed in May, would extend the additional weekly spending by $600 until January, but Republicans did not make a counter-proposal or begin negotiations until recently, when the delivery was imminent. These workers are entitled to an additional 13 weeks of benefits under a federal program called Pandemic Emergency Unergency Unemployment Compensation, although the transfer from one program to another is not automatic in some states.