WTF Just Happened Today?

Day 17: "Enormous pain."


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1/ The House and Senate both advanced a budget resolution, setting up passage of Biden’s $1.9 trillion coronavirus stimulus plan over near unanimous Republican opposition. The Senate passed the budget blueprint early Friday morning 51-50 on a party line vote after Kamala Harris broke the tie. The House then passed the resolution later Friday in a 219-209 vote. House and Senate committees will now draft legislation using Biden’s framework, which calls for money for vaccine distribution, funding for hospitals and schools, $1,400 stimulus checks for most Americans, and expanded unemployment aid. Democrats are eyeing mid-March for final passage of the relief legislation. (NPR / New York Times / Associated Press / NBC News / CNN / Wall Street Journal / Washington Post / Washington Post / Axios)

2/ Nearly 18 million Americans continue to receive unemployment benefits of some kind and there are about 10 million fewer jobs today than before the pandemic. More than 1 million Americans have filed first-time unemployment claims for the 46th consecutive week last week, while almost 40% of jobless workers – about 4 million people – are now classified as long-term unemployed, nearing the record 46% set following the Great Recession. The U.S. economy, meanwhile, added 49,000 jobs in January as the unemployment rate fell to 6.3%. (NBC News / NPR / CNN / CNBC / Politico / Wall Street Journal / Axios / Politico)

3/ Biden, responding to the jobs report, said “it is very clear our economy is still in trouble.” He added that many Americans are “really hurting” and that Congress has the opportunity “to do something consequential here.” Biden pledged “to act fast” on securing passage of his $1.9 trillion coronavirus relief package, making it clear that Democrats are willing to move forward without Republican support, while calling his American Rescue Plan “big,” “bold,” and “a real answer to the crisis we’re in.” Biden also pushed back on the Republicans’ Covid-19 relief counterpropo...

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WTF Just Happened Today?By Matt Kiser

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