Record Coronavirus Cases Reported, As US Stands At A Recovery Crossroads
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deadline.comBruce Haring pmc-editorial-managerThe daily coronavirus death toll in the United States has increased this week after months of decline.
More than 4,200 deaths were recorded nationally, with several states jumping exponentially.First and foremost, Congress faces a stark choice, as the estimated 30 million workers without a job are about to lose the $600 in federal unemployment that was added to state figures.
The federal funds are scheduled to expire by the end of the month.Without those payments, a dire economic situation may slip into disaster.
Already, many mortgages and commercial real estate contracts are slipping into default, as workers and businesses displaced by the coronavirus economic shutdown struggle.
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