The Week Ahead: Pandemic, partisanship and pressure for more stimulus
Last week’s market swoon didn’t burst the optimism of stock investors. But if it continues in the week ahead, it will press Congress to move on a stalled coronavirus economic stimulus package.Let’s be clear: The inability of Congress to make any meaningful moves on providing additional support to the U.S. economy battling a pandemic is about politics, not policy. The Democratically controlled House OK’d an additional $3 trillion package in May. Senate Republicans proposed their own set of plans in July. There is some common ground — $1,200 stimulus checks — but not much else.There has been som...