Your Daily Roundup for May 13th
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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:
The U.S. reached its largest monthly deficit in history:
In April, the U.S. recorded its largest monthly deficit in history at $738 billion. This came as tax payments to the federal government were delayed from April to July and billions of dollars of stimulus payments were sent to American families. This brings the fiscal year deficit to $1.4 trillion.
Jerome Powell warned that a deep recession could be coming:
The Chair of the Federal Reserve, Jerome Powell, said that the government would need to step in at greater levels to prevent a deep recession: “Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.”
A new poll shows Trump’s approval has dropped to the low 40’s:
Reuters/Ipsos is out with a new poll this week, and President Trump’s job approval has dropped 4 points from a poll they ran last month:
- Approve: 41%
- Disapprove: 56%
Moreover, Trump’s approval for his handling of the coronavirus crisis has dipped to 13 points below those who disapprove, marking the highest disapproval on this question since Retuers/Ipsos began asking in March.
Your Daily Round Up for February 28thGood afternoon. Here are the latest news and updates that our team at Future Majority is tracking. Another Saturday, another
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