Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More

Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More

Economics impacts our lives every day. Below are some of the top storylines from this past week related to economics. More

The US economy continues to improve as it reopens for business. Workers continue to be rehired after being furloughed. Wages and salaries paid by private companies are increasing. Households continue to spend. But the reason for the contraction remains – COVID cases have not diminished. The debate among our leaders is if additional fiscal stimulus is needed. Should the government resume paying supplemental unemployment? Should it issue another round of stimulus checks? Many economists, including Federal Reserve Chairman Jerome Powell, believe now is not the time to cut off struggling households. But some policy makers argue that no additional stimulus is needed. Deficits are out of control, and the government needs to resist increasing spending. What should be done? These options are discussed in the Summary and Analysis section. More