Unemployment programs used by about 14 million people expire Saturday if President Trump refuses to sign into law a massive $900 million coronavirus relief bill that Congress overwhelmingly passed.
On Dec. 26, two major pandemic-era programs for the unemployed run out.
Pandemic Unemployment Assistance helps self-employed and gig workers who otherwise wouldn’t be covered by traditional unemployment compensation. And the Pandemic Emergency Unemployment Compensation program provides 13 additional weeks of help to those who ran out of state benefits. Read more…..
Chart of the Day
In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history, and grown into the fifth most important private company in the United States, according to Fortune magazine.