Your Daily Roundup for April 24th
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Good morning. As the COVID-19 pandemic takes a toll on the U.S. economy, our team at Future Majority is tracking the latest updates:
$484 billion more relief dollars are expected to be put into action today:
The House passed an interim relief package for $484 billion to replenish funds to the small business loan program. Trump is set to sign the bill today.
That brings the total Congressional funding in response to the pandemic to $2.7 trillion.
States are strapped for cash, but the federal government refuses to help:
Despite the trillions of dollars dedicated to the pandemic response, states are struggling to meet their budgets. Senate majority leader Mitch McConnell (R-KY) shrugged off the idea of providing cash infusions to states and called the idea “blue state bailouts.
As states run out of money to pay unemployment benefits, they’ll be forced to borrow from the federal government and repay those loans within two years. One of the states close to running out of funds – McConnell’s Kentucky.
Trump’s approval continues to hover in the mid-40’s:
A new Politico/Morning Consult national poll shows Trump’s job approval rating in line with other recent polls:
- Approve: 44%
- Disapprove: 51%
But Trump continues to lead Joe Biden among voters on who they trust to handle the economy:
- Biden: 38%
- Trump: 47%
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