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https://www.axios.com/stimulus-delay-economy-savings-6fc3454b-7b6e-45cf-96ca-82230de3a9d3.html

Why the stimulus delay isn't a crisis (yet)

2020-10-21 09:40:52, Dion Rabouin, Axios

Content Categorization
/Law & Government/Government
/News/Politics
/News/Business News

Word Count:
615

Words/Sentence:
27

Reading Time:
4.10 min

Reading Quality:
Intermediate

Readability:
11th or 12th

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
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PESTEL Scope
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Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.

The bottom line: At worst, passing a stimulus bill would be a form of insurance on the recovery, Mike Fratantoni, chief economist of the Mortgage Bankers Association, tells Axios.

"If you listen to the public health experts there is a real risk that we see a second or third wave and the course of the pandemic could get worse from here.""If you're a policymaker, having that insurance or risk management mindset makes a lot of sense right now."

Job gains have slowed considerably since May, manufacturing and production are contracting and 26.5 million people are receiving unemployment, with 14 million at risk of losing benefits when pandemic programs expire at year end."

Keywords
Illustrations, Visuals, Coronavirus, Economic stimulus, Unemployment

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